According to preliminary and unaudited figures, METRO AG achieved a sales growth of 2.4% like-for-like and 2.5% in local currency in the financial year 2018/19. These sales results are in line with the guidance range of 1-3% in the financial year 2018/19. Due to currency headwinds, METRO AG’s total sales in the financial year 2018/19 increased by 1.5% to €29.9 billion. “In the past financial year, we accelerated our sales growth as a result of our transformation into a fully focused wholesaler. Eastern Europe (excl. Russia) and Asia again saw strong growth. Western Europe (excl. Germany) has improved compared to the previous year”, said Olaf Koch, Chairman of the Management Board of METRO AG. “On this basis, we can confirm the EBITDA outlook for the financial year 2018/19. After the sale of the majority stake in METRO China, our core customer groups HoReCa and Trader will account for 70% of sales. We are very satisfied with this strategic progress.”
For further information please see the attached press release.
