FRANKFURT (dpa-AFX) - Good business prospects and a new dividend policy boosted Ceconomy shares on Wednesday. On Tradegate, the share price rose by 5.7 percent to 3.12 euros compared to the Xetra close. However, there is resistance at the 3.20 euro mark, above which the shares have barely moved since the beginning of October.
The MediaMarkt and Saturn parent company is aiming for significantly higher operating earnings in the new financial year. It is also realigning its dividend policy. In future, 10 to 25 percent of earnings per share are to be passed on to shareholders.
The outlook is solid, wrote analyst Volker Bosse from Baader Bank. The published annual balance sheet is in line with the previously published key figures./ajx/stk
