CECONOMY AG Q3 2025 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Clement Genelot - Stifel Europe Ltd - Analyst : Yes, good morning. Yeah, thank you. Two questions from my side, if I may. So, the first one is on the growth businesses. So, with like-for-like being negative in DACH versus an improving margin in Q3, I assume both cost savings and new businesses have contributed to this margin expansion. So, can you give us an update on the development of Retail Media and Marketplace? And my second question is more higher level one around AI. So, this year marks the emergence of what we call Agentic AI. So, what is your initial view on these agents and how we could reshape your digital operations? I mean, would it force you to rebuild your website accordingly and move away from paid search? Thank you.

Question: Clement Genelot - Stifel Europe Ltd - Analyst : Understood is super clear, thank you so much.

Question: Alessandro Cuglietta - Kepler Cheuvreux SA - Analyst : Yes, hi, Kai. Hi, everyone. I just have two quick questions. One on the DACH region and the -- I mean, the expected growth in the region. Just curious to know if we could have some color on the consumer sentiment in the region. And when do you expect this particular region to return to positive growth? And the second one is on the JD.com deal. I was curious also to know if you can give us some details on the key regulatory steps and approvals that are required for the deal to go through.

Question: Alessandro Cuglietta - Kepler Cheuvreux SA - Analyst : Okay, thank you very much. It was very clear.