FRANKFURT (dpa-AFX) - Ceconomy's upwardly revised annual forecast only briefly gave the company a real boost on Monday. With a jump of a good six percent to 2.368 euros, the shares of the electronics retailer reached their highest level since the end of January.

They also started the correction trend that has been in place since July 2023 - and this is exactly where they turned around. Most recently, they were up just over one percent. After recovering a good 39% from the low for the year in March, some investors apparently said goodbye despite the good news.

Ceconomy is now targeting adjusted earnings before interest and taxes of 290 to 310 million euros for 2024. This puts the company above analysts' expectations of 273 million on average.

According to expert Volker Bosse from Baader Bank, the key figures for the second quarter published at the same time were "a tad better than feared". Detailed results will follow in mid-May./ag/ajx/jha/