sector: Cyclical Consumer Goods & Services ·
industry: Leisure & Recreation ·
As of
26 Nov 2009
0.17EUR
Arcandor AG, formerly KarstadtQuelle AG, is a Germany-based tourism and retail group. Its three core business areas are tourism, mail order services and department store retail. The Company’s business areas are covered by its three operating segments: Thomas Cook, Primondo and Karstadt. Thomas Cook Group plc is a tour operator with operations in Europe and North America, set up as a result of a merger between MyTravel and Thomas Cook AG. It also operates the e-commerce platform, Thomas Cook, supporting travel services. Primondo has a portfolio of European universal and specialty mail order companies, including the core brand Quelle. Karstadt operates a range of department stores, such as cosmopolitan stores, including KaDeWe (Kaufhaus des Westens), Karstadt Oberpollinger and Alsterhaus; Karstadt brand department stores; Karstadt sports department stores, offering sports goods in a variety of retail outlets, and a portal, karstadt.de that offers online shopping, among others,
BRIEF: For the three months ended 31 December 2008, Arcandor AG's total revenue increased 13% to EUR5.03B. Net loss from continuing operations totaled EUR58M, vs. a profit of EUR17M. Total revenue reflects increased demand for Company's products and services followed by favorable market conditions in Thomas Cook Business segment. Net loss from continuing operations reflects increased other operating expenses.
Arcandor AG
Theodor-Althoff-Strasse 2
Essen 45133
P: +49201.7271
F: +49201.7275216