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05.01.2009
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ERGO and Arcandor affirmed sales partnership and realign subsidiaries

 

ERGO Versicherungsgruppe AG and Arcandor AG have affirmed their successful sales partnership while also agreeing to realign their financial services subsidiaries.

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15.12.2008
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Arcandor Group increases its operating income with nearly stable turnover

 

  • Adjusted operating EBITDA (pro forma), increases by €133 million to €820 million
  • Turnover nearly stable at €19.9 billion
  • Thomas Cook with strong growth in operating results
  • Primondo with good business development
  • Karstadt reacts to the negative earnings trend with cost-savings of more than €150 million
  • Group income strongly influenced by one-time restructuring costs
  • Karstadt and Quelle with a satisfactory start for the Christmas season

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04.12.2008
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Arcandor AG enters next phase of corporate development with new Management Board chairman

 

  • Dr. Thomas Middelhoff leaves company by mutual agreement in the wake of successful initiatives
  • Dr. Karl-Gerhard Eick new CEO as of March 2009

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02.12.2008
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Arcandor’s largest subsidiary, Thomas Cook, ends financial year with record result

 

  • Adjusted operating EBIT increased by around 50 percent
  • Earnings per share up by 41 percent

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