Press Releases

Annual General Meeting 2017 - METRO AG shareholders vote on demerger

02/06/2017

  • Vote on the demerger of METRO GROUP into two strong and successful companies with a clear strategic focus
  • Sales and earnings targets achieved in financial year 2015/16
  • Significant progress in transformation process
  • Proposed dividend of €1.00 per ordinary share (2014/15: €1.00)
  • Elections to the Supervisory Board of METRO AG

Düsseldorf, 6 February 2017 – At today's Annual General Meeting of METRO AG, the
shareholders will vote on the demerger of METRO GROUP into two strong and successful
companies with a clear strategic focus. The proposed demerger will lead to the creation of
a wholesale and food specialist operating under the METRO brand and a company with a
focus on consumer electronics operating under the CECONOMY brand. The demerger
will enable both future companies to become faster, more focused and more agile in order
to create even greater value for their customers. Aside from the demerger plans,
Chairman of the Management Board Olaf Koch will present a METRO GROUP that has
significantly strengthened its operations and balance sheet. METRO GROUP met its
sales and earnings targets and continued to reduce its net debt in financial year 2015/16.
“In a challenging market environment, we further increased our sales and earnings and
met our guidance during the past financial year,” said Olaf Koch, Chairman of the
Management Board of METRO AG. “Both METRO and CECONOMY have established a
strategic, operational and financial position that will enable them to pursue sustainable
and healthy growth paths as independent companies: METRO as the leading wholesale
and food specialist and CECONOMY as Europe's No. 1 in the consumer electronics
business.”

For further information, please see the attached press release.