Standard and Poor's upgrades stand-alone credit rating of CECONOMY from BB- to BB

Düsseldorf, 24 April 2026 – CECONOMY announces that Standard & Poor's (S&P) has upgraded the long-term credit rating from BB- to BB. The rating remains on CreditWatch Positive.

This upgrade recognizes the sustained profitable growth trajectory and improved financial risk profile of CECONOMY on a stand-alone basis.

Furthermore, 'CreditWatch Positive' reflects positive implications after the closing of the transaction with JD.com.

Remko Rijnders, CFO of CECONOMY declared: “The S&P credit rating upgrade reflects the successful transformation of CECONOMY to become a customer-centred omnichannel service platform. This recognition is rooted in our resilient performance: A strong track record of consecutive profitable periods that have materially enhanced our financial stability. The upgrade validates our strength as Europe's leading consumer electronics retailer and reinforces our confidence in sustained growth ahead. We remain focused on reaching approximately EUR 500m adjusted EBIT by 2025/26.”