BERLIN (Reuters) - Ceconomy <CECG.DE>, Europe's biggest consumer electronics retailer, said it expects profits to fall again in the 2018/19 financial year as it tries to streamline its operations and find new top management in a challenging retail environment.
Ceconomy, which runs more than 1,000 Media Markt and Saturn stores in countries across Europe, expects operating profit to decline slightly in 2018/19, while sales adjusted for currency and portfolio changes should rise slightly.
The company, which is looking for a new chief executive and finance chief, said it would not pay a dividend for the past financial year and said it expects the retail and consumer electronics environment to remain challenging.
(Reporting by Emma Thomasson, editing by Tassilo Hummel)
