Ceconomy, the guardian firm of MediaMarkt and Saturn, has posted income progress for the twelfth consecutive quarter. This progress is pushed by on-line gross sales, notably the event of its market. Spending on retail media can be rising sharply.
That is evident from Ceconomy’s first-quarter report for the brand new monetary 12 months. Complete income in October, November and December 2025 amounted to 7,606 million euros, up 36 million euros, or half a p.c, in comparison with a 12 months earlier.
On-line gross sales up 7%
With out the web channel, that small enhance would have became a decline. Digital gross sales rose by 107 million euros, or 7 p.c, through the essential closing months of final calendar 12 months. On-line income accounted for 30.1 p.c of whole gross sales – a share that was solely greater through the Covid interval.
Ceconomy’s on-line progress offsets retailer decline
In impact, Ceconomy is greater than compensating for declining bodily retailer revenues with its digital actions. The group is nicely on observe to realize 750 million euros in market GMV this monetary 12 months, a goal set in 2023. Within the final full monetary 12 months, {the marketplace} already generated greater than 527 million euros, up 90 p.c 12 months on 12 months. In 2026, MediaMarkt will develop its market to Switzerland and Hungary, bringing the full variety of international locations to 10.
Retail media and different companies
Ceconomy can be benefiting from marketplace-related companies for companies, resembling promoting gross sales. The corporate stories a “vital enhance in Providers & Options earnings and Retail Media with earnings progress of greater than 85 p.c” up to now quarter, with out disclosing absolute figures. It does state that it’s forward of its full-year goal for retail media earnings, set at 45 million euros.
JoyExpress
Ceconomy will quickly be formally acquired by JD.com, a Chinese language ecommerce large. JD.com is constructing the European on-line buying platform Joybuy and this week launched its personal supply service in Europe below the title JoyExpress, working in the UK, Germany, the Netherlands and France.
Similar-day and next-day supply in main cities
In main cities, JoyExpress will ship Joybuy orders on the identical day or the day after buy, utilizing greater than sixty warehouses and depots throughout Europe initially. At a later stage, the service will even be made out there to enterprise companions. It appears possible that JoyExpress will ultimately additionally deal with deliveries for MediaMarkt and Saturn.
