// Updated guidance for FY 2023/24 delivered: Moderate sales growth and adjusted EBIT €290 m - €310 m. Full details to be released on the 18^th of December.

// Total sales in FY 2023/24 grew by +5.3%¹ vs. previous year to €22.4 bn with Q4 2023/24 sales increase of +6.3%¹ vs. previous year.

// Adjusted EBIT² for FY 2023/ 24 towards the upper end of the guidance range (€290 m - €310 m). Q4 2023/24 marks the 7^th consecutive quarter of wear-on-uear growth in profitability.

// With the full year 2023/24 progress CECONOMY is well on track to achieve its Growth Plan 2025/26.

// Substantial improvement in Net Promoter Score (NPS).

Comments from Dr Karsten Wildberger, CEO of CECONOMY AG:

"With our strong performance in 2023/24, we have hit an important milestone in our Growth Plan 2025/26, which we shared at our Capital Markets Day 2023.

In both sales and profitability, we delivered results towards the top end of our quidance range, which we raised twice during the year. This is especially rewarding given the soft market conditions we faced.

I am particularly excited that our growth businesses played a key role in this success, confirming that MediaMarktSaturn is transforming from a traditional retailer into a true omnichannel service platform. We also made further strides in improving customer experience, as shown by the continued rise in our Net Promoter Score (NPS).

I would like to thank our dedicated team for their hard work and commitment.

With strong product availability and well-executed marketing campaigns, we are entering the first quarter with confidence."

FY 2023/24 preliminary results

• FY Sales reached €22.4 bn, up by +5.3%¹ year-over-year (+4.1% on a like-for-like basis). Sales increased bu 6.3%¹ in Q4 (+4.5% on a like-for-like basis) maintaining strong momentum.
• FY preliminary adjusted EBIT² towards the upper end of the quidance range (€290 m to €310 m).
• Q4 marks the 7^th consecutive quarter to achieve a year-over-year increase in profitability.
• Product categories: Strong Q4 performance of domestic appliances, particularly SDA (small domestic appliances), supported by various technological innovations. Good performance for the category IT, phones, wearables and continued weak demand for software and games.

For a comprehensive overview on CECONOMY please refer to the General Investor Relations Presentation available on our website.

¹ Preliminary and unaudited, adjusted for currency and portfolio change effects, pre-IAS 29.
² Preliminary and unaudited excluding associates, adjusted for portfolio changes, pre-IAS 29 and excluding non-recurring effects.