Medion AG, founded in 1983 and headquartered in Germany, is a privately owned consumer electronics manufacturer. As a subsidiary of Lenovo, Medion specializes in producing a wide range of electronic products for consumers. With approximately 570 employees, the company has established itself as a notable player in the consumer electronics industry.
In the last nine months of its fiscal year, Medion reported a revenue of €1.071 billion, a slight increase from the €1.011 billion revenue reported in the same period of the previous year. However, the company's consolidated profit fell to €18.9 million from €23.5 million in the previous year. Similarly, the earnings before interest and taxes (EBIT) also decreased from €29.0 million to €23.4 million. As a result, Medion's trailing yield stands at approximately 4.6% based on its current stock price of €15.
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