At today’s Annual General Meeting of METRO AG Olaf Koch, Chairman of the Management Board, presents the shareholders the results for the financial year 2017/18: “Despite unexpected challenges, the financial year 2017/18 was all in all a successful one for METRO AG. We reached our adjusted guidance and METRO was once again able to increase like-for-like sales. This is mainly due to our consistent focus on the target groups HoReCa and Trader. We are on the right track”, says Olaf Koch. “By initiating the divestment process of our hypermarket business, we have taken a significant step closer to fully becoming a pure wholesale business. In the financial year 2018/19 we will continue to invest in the expansion of our delivery business and digitalisation in order to achieve sustainable growth.”
For further information please see the attached press release.