Ceconomy : Fact Sheet Q2/H1 2017/18 (Englisch)

KEY TAKEAWAYS Q2 2017/18

• // Fx-adjusted sales grew by +0.8%; reported sales decreased slightly by -0.2% to €5,249m (-0.1% on a like-for-like basis); sales impacted by absence of Saturn VAT campaign in previous year, partly offset by early Easter business in current year (adjusted for both effects, fx-adjusted sales growth at +1.8%)

• // Online generated sales by core brands MediaMarkt and Saturn rose by +11% yoy (+5% incl. pure player), accounting for 12.2% of total sales; pick-up rate remained high at 42%

• // Services & solutions sales grew strongly by +15% yoy, accounting now for 6.4% of total sales; service "smart bars" now already implemented in 750 stores (+68 vs. December 2017)

• // German MediaMarkt Club continues strong growth in number of members, counting around 4.1m members in March (vs. 3.7m in December 2017); all customer programmes counted close to 17.5m members in total internationally

• // Selective store expansion continued with 7 openings (excl. Shop-in-Shop), thereof 5 in

  Turkey; 10 closures, thereof 6 in Russia; average store size reduced by 7.2% since September 2017

• // EBITDA increased by €+56m and EBIT by €+58m yoy (incl. €21m from Fnac Darty

  contribution); supported by anticipated non-recurring effects such as the absence of the Saturn VAT campaign and losses related to the insolvency of a business partner in the

  Netherlands in the prior year; positive effects also from inventory valuation, higher Services & Solutions income and the wind-down of redcoon

• // Impairment of METRO AG stake (to €14.39 per ordinary share and €14.25 per preference share on 29 March 2018) impacted the net financial result by €-131m; partially offset by

  METRO dividend of €25m

• // EPS declined due to impairment of METRO AG stake, despite positive EBIT development

• // Positive change in net working capital (NWC) in the amount of €185m, driven by lower

  rise in inventories and higher cash-in of supplier receivables; trade payables temporarily supported by weekday effect (low triple-digit €m amount)

• // Free Cash Flow in H1 2017/18 €125m lower than in the prior-year period due to NWC development

//

Full-year 2017/18 guidance confirmed: CECONOMY expects a slight increase in sales, a corresponding improvement in NWC, and EBITDA & EBIT (excl. Fnac Darty) to increase at least in the mid single-digit percentage range

Income statement Q2 2017/18

• 1) All Q2 2016/17 figures before special items with the exception of sales and gross profit. All Q2 2017/18 figures as reported.

2)

See for this alternative performance indicator CECONOM Y's Annual Report 2016/17, pages 49-52.

• 3) Including consolidation.

• 4) Ratio EBIT or EBITDA to total sales.

Income statement H1 2017/18

• 1) All Q2 2016/17 figures before special items with the exception of sales and gross profit. All Q2 2017/18 figures as reported.

2)

See for this alternative performance indicator CECONOM Y's Annual Report 2016/17, pages 49-52.

• 3) Including consolidation.

• 4) Ratio EBIT or EBITDA to total sales.

Contact CECONOMY AG Benrather Strasse 18-20 40213 Dusseldorf, Germany

Investor Relations

To the extent that statements in this document do not relate to historical or current facts, they constitute forward-looking statements. All forward-looking statements herein are based on certain estimates, expectations and assumptions at the time of publication of this document and there can be no assurance that these estimates, expectations and assumptions are or will prove to be accurate. Furthermore, the forward-looking statements are subject to risks and uncertainties including (without limitation) future market and economic conditions, the behaviour of other market participants, investments in innovative sales formats, expansion in online and multichannel sales activities, integration of acquired businesses and achievement of anticipated cost savings and productivity gains, and the actions of public authorities and other third parties, many of which are beyond our control, that could cause actual results, performance or financial position to differ materially from any future results, performance or financial position expressed or implied in this document. Accordingly, no representation or warranty (express or implied) is given that such forward-looking statements, including the underlying estimates, expectations and assumptions, are correct or complete. Readers are cautioned not to place reliance on these forward-looking statements.

This document is intended for information only, does not constitute a prospectus or similar document and should not be treated as investment advice. It is not intended as an offer for sale, or as a solicitation of an offer to purchase or subscribe to, any securities in any jurisdiction. Neither this document nor anything contained therein shall form the basis of, or be relied upon in connection with, any commitment or contract whatsoever. The third parties whose data is cited in this document are neither registered broker-dealers nor financial advisors and the permitted use of any data does not constitute financial advice or recommendations. Historical financial information contained in this document is mostly based on or derived from the consolidated (interim) financial statements for the respective period. Financial information with respect to the business of MediaMarktSaturn Retail Group is particularly based on or derived from the segment reporting contained in these financial statements. Such financial information is not necessarily indicative for the operational results, the financial position and/or the cash flow of the CECONOMY business on a stand-alone basis neither in the past nor in the future and may, in particular, deviate from any historical financial information based on corresponding combined financial statements with respect to the CECONOMY business. Given the aforementioned uncertainties, (prospective) investors are cautioned not to place undue reliance on any of this information. No representation or warranty is given and no liability is assumed by CECONOMY AG, express or implied, as to the accuracy, correctness or completeness of the information contained in this document.

This document contains certain supplemental financial or operative measures that are not calculated in accordance with IFRS and are therefore considered as non-IFRS measures. We believe that such non-IFRS measures used, when considered in conjunction with (but not in lieu of) other measures that are computed in accordance with IFRS, enhance the understanding of our business, results of operations, financial position or cash flows. There are, however, material limitations associated with the use of non-

IFRS measures including (without limitation) the limitations inherent in the determination of relevant adjustments. The non-IFRS measures used by us may differ from, and not be comparable to, similarly-titled measures used by other companies. Detail information on this topic can be found in CECONOMY's Annual Report 2016/17, pages 49-52. All numbers shown are as reported, unless otherwise stated. All amounts are stated in million euros (€ million) unless otherwise indicated. Amounts below €0.5 million

are rounded and reported as 0. Rounding differences may occur.