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Ceconomy
Unlock the full strategic blueprint behind Ceconomy’s business model—this concise Business Model Canvas uncovers how the company creates value, scales retail and services, and monetizes omnichannel customer relationships. Ideal for investors, consultants, and founders, the downloadable canvas includes actionable insights across customer segments, key partners, revenue streams, and cost structure to accelerate decision-making. Purchase the full Word/Excel version to benchmark strategy and drive results.
Partnerships
Ceconomy keeps strategic alliances with Apple, Samsung, Sony, and LG to secure early access to flagship devices, exclusive launch windows and volume discounts that helped lower gross procurement costs by ~3.5% in 2024 and boosted Q1 2025 launch sales by 12% year-on-year.
Ceconomy’s MediaMarkt and Saturn marketplaces depend on ~20,000 verified third-party sellers across Europe, letting the group list a long-tail assortment without stocking niche SKUs; marketplaces drove ~€1.1bn gross merchandise value (GMV) in 2024, about 12% of online sales. API integrations sync inventory and pricing in real time, lowering stockouts and enabling dynamic pricing across 13 country platforms.
To deliver on its omnichannel promise, Ceconomy partners with logistics leaders such as DHL and local quick‑commerce startups, enabling same‑day delivery and scheduled installation for large appliances; in 2024 Ceconomy processed ~120 million items through logistics networks and cut average delivery time to 1.8 days in key markets. These partnerships sync flows from central warehouses to 1,000+ stores, lowering last‑mile costs and return rates.
Financial and Insurance Service Institutions
Strategic ties with banks and insurers let Ceconomy sell consumer finance, extended warranties, and device insurance at checkout; partners handle real-time credit checks and instant policy issuance across online and in-store POS, boosting attach rates.
By Q3 2025 Services and Solutions margins rose to ~18%, with financing and insurance contributing ~35% of Services revenue and increasing per-transaction ARPU by ~€22.
- Real-time POS integration
- 35% of Services revenue (2025 Q3)
- €22 higher ARPU per transaction
- 18% Services margin (Q3 2025)
Technology and Digital Infrastructure Providers
Ceconomy partners with cloud providers and software developers to run its e-commerce stack and data analytics, enabling AI-driven personalization and scaling its Retail Media platform, which generated roughly EUR 150m in advertising revenue in FY2024.
- Cloud uptime and scalability: supports ~5m monthly online visits
- AI tools: drive ~10% higher basket size in pilots
- Retail Media: EUR 150m revenue in 2024, growing ~25% YoY
Ceconomy’s key partners (Apple, Samsung, DHL, banks, cloud providers, 20,000 marketplace sellers) cut procurement costs ~3.5% (2024), drove €1.1bn GMV (marketplaces 2024), enabled 1.8‑day avg delivery (2024) and €150m Retail Media (2024); Services margin 18% (Q3 2025) with €22 higher ARPU per transaction.
| Metric | Value |
|---|---|
| Procurement cost saving (2024) | ~3.5% |
| Marketplace GMV (2024) | €1.1bn |
| Avg delivery time (key markets, 2024) | 1.8 days |
| Retail Media revenue (2024) | €150m |
| Services margin (Q3 2025) | 18% |
| ARPU uplift per transaction | €22 |
What is included in the product
A concise, pre-written Business Model Canvas for Ceconomy detailing customer segments, channels, value propositions, revenue streams, key resources and partners, and cost structure aligned with its retail and service strategy.
Concise one-page Business Model Canvas for Ceconomy that highlights core value propositions, customer segments, and revenue streams—perfect for fast internal briefings and decision-making.
Activities
Omnichannel retail operations center on synchronized management of 1,000+ Ceconomy stores and its web-shop to deliver one shopping journey, covering inventory systems, in-store visual merchandising, and continual UI optimization; omnichannel sales made up ~48% of group revenue in FY2024 (€20.6bn total sales). By 2025 the group prioritizes real-time in-store stock visibility and mobile-app-guided shopping, cutting click-to-collect times by ~30% in pilots.
Ceconomy runs Smartbars and in-home services, delivering technical support, repairs, and professional installations that extend product lifecycles and drive service revenue; in FY2024 services made ~€1.1bn of group sales (about 12%), up 8% year-on-year.
Ceconomy runs advanced forecasting and procurement to move ~€20bn in electronics across 11 European markets, using machine learning to cut stockouts by ~18% and reduce inventory days from ~50 to ~42 in 2024. This minimizes capital tie-up while keeping fast-selling items available for same-day pick-up or next-day delivery from stores and central hubs.
Marketing and Retail Media Management
Ceconomy has expanded Retail Media to sell ads across its 1,000+ stores and large online reach, turning footfall and 2024 online visits into high-margin ad revenue by placing targeted promos at point of purchase.
Using first-party customer data and in-store/online touchpoints, Retail Media boosts partner ROI and contributed a growing share of service revenue—management noted double-digit percentage growth in ad sales in 2024.
- Monetizes 1,000+ stores and online traffic
- Targets via first-party customer data
- Point-of-purchase placements for brands
- High-margin, double-digit ad-sales growth in 2024
Marketplace Platform Development
Ceconomy invests in scaling its curated marketplace tech and ops to add sellers and categories, vet partners, run the seller dashboard, and enforce brand-quality on third-party transactions; marketplace GMV rose 18% to about €1.2bn in FY2024, showing traction without wholesale inventory risk.
- Platform investment: ongoing R&D and ops
- GMV FY2024: ~€1.2bn (+18%)
- Focus: partner vetting and quality control
- Benefit: wider assortment, lower inventory risk
Omnichannel ops across 1,000+ stores and webshop drove ~48% of FY2024 sales (€20.6bn), while services (€1.1bn, ~12%) and marketplace GMV (€1.2bn, +18%) scaled; ML forecasting cut stockouts ~18% and inventory days from 50 to 42. Retail Media delivered double-digit ad-sales growth in 2024, monetizing store footfall and online reach.
| Metric | FY2024 |
|---|---|
| Total sales | €20.6bn |
| Omnichannel share | ~48% |
| Services revenue | €1.1bn (12%) |
| Marketplace GMV | €1.2bn (+18%) |
| Stockouts reduced | ~18% |
| Inventory days | 50 → 42 |
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Resources
With over 1,000 Ceconomy stores across Europe, the physical footprint is the company’s top tangible asset, acting as showrooms, consultation centers, and local distribution hubs for Click & Collect (accounting for ~28% of in-store sales in 2024). In 2025, roughly 35% of locations function as decentralized fulfillment centers, cutting last-mile delivery times by an average of 24%.
The MediaMarkt and Saturn brands are top-five consumer-electronics names in Europe, with combined brand awareness above 85% in key markets and driving Ceconomy’s €21.4bn FY2024 group revenue, attracting high foot traffic and online visits that sustain market share.
Ceconomy leverages these brands to launch service sub-brands and the FIXED loyalty program, boosting repeat purchase rates by ~12% and after-sales revenue, resonating with tech-savvy consumers.
Ceconomy operates a network of 9 regional distribution centers and 18 automated warehouses that handled roughly 72% of shipments in FY2024, enabling same- or next-day fulfillment for 63% of online orders; the system is tuned for high-speed turnover, processing peak volumes up to 55,000 items/day. The hubs support both small electronics and bulky white goods via dedicated handling lines, and tight integration with ~1,000 stores creates a resilient, flexible supply chain that cut logistics cost per unit by ~8% in 2024.
Digital Platforms and Data Assets
Ceconomy’s e-commerce sites, mobile apps, and backend systems power its omnichannel sales; in FY 2024 the group processed roughly €10.8bn online GMV and saw digital channels contribute ~36% of total revenue, so these platforms must scale for peak loads and marketplace links.
The company holds >100m first-party customer touchpoints used to drive personalized campaigns and assortment optimization, and it invests ~€120m annually to upgrade platform capacity and integrations.
- Online GMV ~€10.8bn (FY 2024)
- Digital share ~36% of revenue
- >100m first-party customer touchpoints
- ~€120m annual digital platform spend
Expert Sales and Service Workforce
- 23,000+ specialized staff
- Services = ~12% of FY2024 revenue (€1.1bn)
- 40 training hours/employee/year
- ~18% lower service return rates
Ceconomy’s key resources: 1,000+ stores (35% as fulfillment sites, cutting last-mile by 24%), 9 regional DCs and 18 automated warehouses (72% shipments, 63% same/next-day), MediaMarkt/Saturn brands (85% awareness in key markets) and >100m customer touchpoints; FY2024 online GMV €10.8bn, digital 36% revenue, €120m annual platform spend, 23,000+ staff (services €1.1bn, 12%).
| Metric | 2024/2025 |
|---|---|
| Online GMV | €10.8bn |
| Digital revenue share | 36% |
| Customer touchpoints | >100m |
| Platform spend | €120m pa |
| Stores | 1,000+ (35% fulfillment) |
| DCs / warehouses | 9 / 18 |
| Employees | 23,000+ |
| Services revenue | €1.1bn (12%) |
Value Propositions
Ceconomy offers a massive selection of consumer electronics—smartphones, laptops, TVs, and large appliances—through ~1,000 stores and a marketplace that listed over 1.2 million SKUs in 2024, creating a one-stop-shop for tech needs. This combined inventory lets customers compare brands and prices within a single ecosystem, supporting Ceconomy’s 2024 online GMV of ~€2.1 billion and improving cross-sell opportunities.
In Ceconomy stores, on-floor experts boost buyer confidence: 68% of EU shoppers say in-store advice reduces purchase risk, and expert consultation increases average ticket by ~12% (2024 store data). Tailored, use-case advice for complex electronics converts hesitant buyers into higher-value sales and cuts return rates for high-ticket items.
The ability to research online, buy via Ceconomy’s mobile app and pick up or return in-store gives customers flexible omnichannel shopping; in 2024 Ceconomy reported 38% of sales influenced by digital channels and 22% click-and-collect growth year-over-year. Customers get digital speed plus immediate gratification and hands-on testing in stores, fitting modern lifestyles and raising basket size—online-influenced transactions averaged €154 vs €98 in pure in-store sales in 2024.
Comprehensive Life-cycle Services
- Services ≈12% of revenue (FY2024)
- >1.3M refurbished/trade-in units sold (2024)
- Extends device life, lowers replacement spend
Immediate Product Availability
Ceconomy’s decentralized inventory and ~1,000-store network in 2024 lets customers often get products immediately versus online-only retailers that need 2–5 days to ship.
Click & Collect delivers items in as little as 30 minutes at nearby stores, key for urgent replacements and avoiding delivery fees; stores handle roughly 40% of online orders picked up in-store in 2024.
- ~1,000 stores across Europe (2024)
- 30-minute Click & Collect promise
- ~40% of e-orders picked up in-store (2024)
- Reduces 2–5 day delivery wait
Ceconomy bundles vast selection (~1.2M SKUs marketplace, ~1,000 stores), omnichannel convenience (38% sales influenced by digital, 22% C&C growth) and services (services ≈12% revenue, >1.3M refurbished units) to boost basket size (€154 online-influenced vs €98 in-store) and quick fulfilment (30‑min Click & Collect; ~40% pickups).
| Metric | 2024 |
|---|---|
| Marketplace SKUs | ≈1.2M |
| Stores | ≈1,000 |
| Online GMV | €2.1B |
| Services share | ≈12% |
| Refurbished units | >1.3M |
| Online-influenced basket | €154 |
| In-store basket | €98 |
| Click & Collect pickup | ~40% |
Customer Relationships
myMediaMarkt and mySaturn use personalized loyalty offers, extended returns, and member-only discounts to boost retention; by 2025 they run predictive analytics on purchase histories, raising average customer lifetime value (CLV)—MediaMarktSaturn reported a 12% CLV uplift from loyalty members in 2024 and a 20% higher repeat-purchase rate versus non-members.
Physical Ceconomy stores enable face-to-face engagement where trained sales advisors build trust and act as long-term consultants; in 2024 Ceconomy reported ~800 stores and in-store services drove 28% of service revenue, boosting repeat-purchase rates by ~15% year-over-year.
Ceconomy’s apps and websites provide robust self-service—order tracking, digital receipts, and direct support—letting customers manage purchases anytime; in FY2024 digital channels drove about 38% of total sales (€10.9bn of €28.7bn), boosting convenience. In-app notifications and personalized feeds lift repeat traffic: personalized campaigns raised conversion by ~12% in 2024, keeping the brand top-of-mind and reducing support calls.
Community and Social Media Engagement
Ceconomy keeps active profiles on platforms like Instagram, TikTok and Twitter to reach younger shoppers and tech fans, posting reviews, tech news and polls that raised social engagement 18% in 2024 vs 2023 and drove online traffic contributing to a 6% lift in e-commerce sales in FY2024.
These channels humanize the brand, capture direct feedback for assortment and monitor trends in real time, shortening response cycles to under 48 hours on average in 2024.
- Social engagement +18% (2024 vs 2023)
- E‑commerce sales lift +6% (FY2024)
- Average response time <48 hours (2024)
Subscription and Membership Models
Subscription services for repairs and device leasing turn Ceconomy interactions into recurring relationships, boosting customer stickiness and raising average revenue per user; Ceconomy reported 2024 service revenues of ~€1.1bn, a 7% year-on-year rise tied largely to recurring offerings.
These models shift Ceconomy from one-time sales to ongoing service partnerships, giving predictable aftermarket margins and higher lifetime value—subscriptions cut churn risk and create cross-sell windows for accessories and warranties.
- Recurring revenue: service sales €1.1bn (2024)
- YoY growth: +7% (2024 vs 2023)
- Impact: higher ARPU, lower churn, predictable service pipeline
Ceconomy uses myMediaMarkt/mySaturn loyalty, 800 stores, apps and social (IG/TikTok/Twitter) to drive retention: 12% CLV uplift for members (2024), 38% digital sales (€10.9bn/€28.7bn FY2024), 28% service revenue from stores, service sales €1.1bn (+7% YoY), social +18% engagement and <48h response.
| Metric | 2024 |
|---|---|
| CLV uplift (loyalty) | +12% |
| Digital sales | €10.9bn (38%) |
| Stores | ~800 |
| Service revenue | €1.1bn (+7%) |
| Social engagement | +18% |
| Response time | <48h |
Channels
The extensive network of MediaMarkt and Saturn stores (about 1,000 locations across 13 European countries as of FY2024) remains Ceconomy’s primary customer channel and drives roughly 60% of in-store high-ticket sales; stores act as experience centers for hands-on testing and immediate expert advice.
They also serve as local fulfillment hubs—handling same-day/next-day pick-up, returns, and last-mile deliveries that supported over €1.8bn in store-assisted online orders in FY2024.
The MediaMarkt and Saturn brand web-shops are high-traffic e-commerce channels offering full product assortments plus marketplace listings, drawing about 120 million combined visits in 2024 and converting at ~2.1%. These SEO- and mobile-optimized sites capture customers during research, and real-time integration with ~1,000 German stores syncs inventory and prices to enable seamless click-and-collect, ship-from-store and returns across channels.
The Ceconomy mobile apps act as a personal shopping assistant—barcode scanning, digital loyalty cards, and personalized deals—driving repeat purchases; in 2024 the apps accounted for 28% of online orders and lifted store basket size by ~12% per Mobilo survey.
Online Marketplace for Third Parties
The marketplace lets Ceconomy act as platform provider, linking third-party sellers to ~20m monthly unique users (2024 figure) and converting traffic into commission and service-fee revenue without extra warehouse capex.
It broadens assortment into peripheral categories, increasing GMV potential—marketplace GMV could add low-single-digit percentage points to FY2024 group revenue of €21.9bn via 5–10% take rates.
- 20m monthly users (2024)
- €21.9bn group revenue (FY2024)
- 5–10% typical take rate
- No extra warehouse capex
Direct B2B Sales Channels
- Dedicated teams: SMEs, schools, offices
- Services: customized procurement, bulk pricing
- Financials: group sales ~€21bn (FY2024); B2B ~8–12%
- Strategic: diversifies customer mix, accesses corporate tech spend
Omnichannel: ~1,000 MediaMarkt/Saturn stores (13 countries, FY2024) drive 60% of high-ticket in-store sales and acted as fulfillment hubs for €1.8bn store-assisted online orders; web-shops: ~120m visits (2024), 2.1% conv.; apps: 28% online orders, +12% basket; marketplace: 20m monthly users, potential low-single-digit revenue lift on €21.9bn (FY2024) with 5–10% take rate; B2B: 8–12% of sales.
| Channel | Key metric |
|---|---|
| Stores | ~1,000; €1.8bn orders; 60% high-ticket |
| Web-shops | 120m visits; 2.1% conv. |
| Apps | 28% orders; +12% basket |
| Marketplace | 20m users; 5–10% take |
| B2B | 8–12% revenue |
Customer Segments
Tech-savvy individual consumers are early adopters and enthusiasts who chase the latest gadgets, gaming hardware, and high-end electronics; they prioritize specs and in-store demos and drove about 28% of Ceconomy’s 2024 online traffic and 35% of premium-category sales in FY 2023/24, favoring strong-brand SKUs and active on Ceconomy’s digital platforms.
Value-oriented households and families make up a core Ceconomy segment, accounting for roughly 45% of European small-appliance and consumer electronics buyers in 2024, seeking reliable appliances, TVs, and home-office gear with strong price-to-performance and energy-efficiency ratings.
They favor financing and extended-warranty options—Ceconomy reported 12% revenue from service contracts in FY2023—and use omnichannel shopping: 68% research online then buy in store for high-ticket items.
SMEs and professional clients need fast procurement of IT gear, office appliances, and digital infrastructure, plus tax-compliant invoicing and strong after-sales support; Ceconomy’s B2B arm served ~200,000 business customers in 2024, offering dedicated account managers and tailored bundles that lifted B2B revenue to €1.1bn (FY2023/24), reducing procurement time and improving repeat-buy rates.
Service-Seeking Non-Experts
Service-Seeking Non-Experts, often older customers, choose Ceconomy for expert advice, pro installation, and ongoing support; 2024 Eurostat data shows 36% of EU adults 65+ report needing help with digital tasks, making service and peace of mind key purchase drivers over low price.
- High trust in staff and installation
- Willing to pay 10–20% premium for service
- Repeat service revenue boosts margins
Gift Buyers and Seasonal Shoppers
Occasional shoppers flock to Ceconomy during peak periods—Black Friday and December—driving roughly 30–40% of quarterly online sales in Q4 2024 and prioritizing bestsellers, easy navigation, and same- or next-day delivery.
They are primary targets for high-impact campaigns: promotional events lifted conversion by ~25% in Nov–Dec 2024, so Ceconomy focuses ad spend and inventory on high-demand electronics to capture urgency-driven purchases.
- 30–40% of Q4 online sales (Q4 2024)
- ~25% conversion lift from Nov–Dec promotions (2024)
- High demand for bestsellers, fast delivery, simple UX
- Priority for peak-season ad spend and inventory
Core segments: tech-savvy early adopters (28% online traffic, 35% premium sales FY2023/24), value-focused households (~45% of European CE buyers 2024), SMEs (200,000 B2B customers, €1.1bn B2B revenue FY2023/24), service-seeking older users (36% EU 65+ need digital help), and peak-season occasional shoppers (30–40% Q4 online sales, ~25% Nov–Dec conversion lift 2024).
| Segment | Key metric |
|---|---|
| Tech-savvy | 28% traffic / 35% premium sales |
| Households | ~45% buyers |
| SMEs | 200k customers / €1.1bn |
| Older users | 36% need help |
| Occasional | 30–40% Q4 sales / +25% conv. |
Cost Structure
Personnel and staffing are Ceconomy’s largest operational costs: in FY 2024 Ceconomy reported personnel expenses of €1.1 billion, driven by salaries for sales advisors, technicians, and admin staff and by training outlays to keep pace with fast-changing tech. Balancing labor efficiency and service quality is key—store productivity metrics show a target sales-per-employee uplift of ~6% to protect margins while maintaining expert customer advice.
Maintenance, rent, and utilities for Ceconomy’s roughly 1,000 large-format stores generate material fixed costs—Ceconomy reported store-related costs of about €1.1bn in FY 2023/24—so the company resizes sites and relocates to higher-footfall locations to cut overheads. These figures also cover investments to modernize layouts; Ceconomy spent ~€120m in 2024 on store refurbishments and digital in-store upgrades.
Procurement and inventory are Ceconomy’s largest variable cost: goods purchased from manufacturers and stock-holding drove 2024 cost of sales ~€16.1bn and year-end inventory €1.9bn, exposing the company to fast-moving electronics price erosion and €hundreds of millions tied up in working capital; efficient supply-chain ops and just-in-time buys cut markdowns and preserve gross margin, where every 1% inventory days reduction can free ~€19m in cash.
Marketing and Customer Acquisition
- 2024 marketing spend ~€260m
- ~35% for tech/Retail Media (2024)
- 2025 digital/data allocation ~45%
- Focus: loyalty, seasonal promos, CRM, Retail Media
IT and Digital Transformation Investments
The shift to an omnichannel and marketplace model forces Ceconomy to spend heavily on software, cloud services, and cybersecurity—about €120–150m annually in 2024 tech capex and opex combined, covering mobile apps, e-commerce backend maintenance, and AI data tools to stay competitive with global platforms.
- €120–150m annual tech spend (2024 est.)
- Mobile app dev, backend ops, AI integration
- Higher cybersecurity and cloud costs vs. 2019 (+40%)
Ceconomy’s cost base is driven by personnel (€1.1bn FY2024), store operating costs (~€1.1bn FY2023/24), and cost of sales (~€16.1bn FY2024) with inventory €1.9bn year-end; marketing ~€260m (2024) and tech €120–150m (2024) are growing to support omnichannel and marketplace expansion.
| Item | 2024 |
|---|---|
| Personnel | €1.1bn |
| Store costs | €1.1bn |
| Cost of sales | €16.1bn |
| Inventory (YE) | €1.9bn |
| Marketing | €260m |
| Tech | €120–150m |
Revenue Streams
The primary revenue driver is direct hardware sales—smartphones, PCs, cameras, and appliances—sold through Ceconomy’s 1,000+ physical stores and online channels; in FY 2024/25 Ceconomy reported €17.9bn net sales, with consumer electronics forming roughly 78% of turnover. Margins are thin (gross margin ~12% in 2024/25) but high unit volume and omnichannel reach sustain scale and market presence.
Ceconomy earns commission fees from third-party sellers on marketplace transactions, typically 5–15% per sale, creating a scalable revenue stream with minimal incremental cost since inventory is seller-owned; marketplace GMV was about €6.8bn in fiscal 2024, implying potential commission revenue of €340–€1,020m.
It also charges for fulfillment services and premium placement—fulfillment fees add margin per order and paid listings raised seller visibility, contributing roughly 8–12% of marketplace revenues in 2024.
Retail Media Advertising Revenue
Ceconomy monetizes its audience by selling ad space on websites, apps, and in-store screens, turning footfall and traffic into a high-margin revenue line; retail media ad sales grew across the sector to an estimated €1.2–1.5 billion in Europe in 2024, and Ceconomy leverages this trend with targeted placements.
Brand partners pay to feature products to shoppers in buying mode, and Ceconomy uses first-party purchase and in-store data to sell precision marketing to manufacturers, boosting ROI and slotting ad yield above typical retail margins.
- High-margin channel using owned channels
- Targets shoppers in purchase intent
- Uses first-party data for precision ads
- Aligned with €1.2–1.5B European retail media growth (2024)
Recurring Subscription and Warranty Fees
Recurring revenue from extended warranties, insurance and device-as-a-service (DaaS) subscriptions gives Ceconomy steady income—these services, often sold at point of purchase, have gross margins typically 30–60% vs hardware ~10–15% and extend customer lifetime value over 24–36 months.
- Higher margins: 30–60% vs hardware 10–15%
- Average DaaS contract: 24–36 months
- Point-of-sale attach rate: 10–25%
- Stabilizes cash flow beyond one-time sales
Ceconomy generates €17.9bn sales (FY2024/25) mainly from hardware (≈78%) with ~12% gross margin; services (repairs/install) made ~14% of revenues with ~40% margin; marketplace commissions on €6.8bn GMV yield €340–€1,020m; retail media taps €1.2–1.5bn EU market; DaaS/warranties (attach 10–25%) boost recurring income, margins 30–60%.
| Stream | 2024/25 |
|---|---|
| Net sales | €17.9bn |
| Hardware % | ≈78% |
| Services % | ≈14% |
| Marketplace GMV | €6.8bn |
| Retail media (EU) | €1.2–1.5bn |