CECONOMY (OTCMKTS:MTTRY) AG is a Germany‐based consumer electronics retailer that operates under the MediaMarkt and Saturn banners. The company offers a broad range of products including computers, smartphones, home appliances, televisions, audio equipment and gaming consoles. In addition to in‐store retail, it provides e‐commerce solutions and related services such as installation, repair and customer support to meet evolving consumer preferences for omnichannel shopping. Ceconomy also engages in the sale of digital products and solutions, including software subscriptions, streaming services and connected home devices.
Formed in 2017 through a spin-off from the German wholesale and retail group METRO AG, Ceconomy inherited one of Europe’s largest consumer electronics footprints. Since its inception, the company has invested in digital transformation initiatives, integrating its online platforms with brick-and-mortar locations to enhance inventory visibility, delivery options and in-store pickup. This strategy has helped maintain its competitive position against both pure-play online retailers and other traditional chains.
Ceconomy’s operations span more than a dozen European markets, with a particularly strong presence in Germany, Spain, Italy, the Netherlands and Eastern Europe. The company’s decentralized structure allows regional management teams to tailor product assortments and marketing campaigns to local customer preferences and regulatory environments. By leveraging partnerships with leading global technology brands, Ceconomy secures exclusive product launches and promotional events that drive foot traffic and online engagement.
Under the leadership of Chief Executive Officer Pieter Haas, Ceconomy continues to focus on cost discipline, supply chain efficiency and expansion of value-added services. The board of management emphasizes sustainability initiatives, including energy-efficient store operations and recycling programs for electronic waste. Going forward, the company aims to further integrate its digital and physical channels, enhance customer loyalty programs and explore strategic alliances to diversify revenue streams.
