Press Releases

METRO GROUP meets sales and earnings targets in financial year 2015/16

12/14/2016

  • EBIT from continuing operations before special items reaches €1,560 million (2014/15: €1,511 million)
  • Earnings forecast met: comparable currency-adjusted figure of the previous year exceeded by €119 million
  • Profit for the period before special items increases to €727 million (2014/15: €688 million)
  • Earnings per share before special items improve to €1.96 (2014/15: €1.91)
  • Like-for-like sales up 0.2% - reported sales at €58.4 billion due to negative currency and portfolio effects
  • Net debt declines further by €0.2 billion to €2.3 billion
  • Management Board and Supervisory Board propose dividend of €1.00 per ordinary share
  • Outlook 2016/17: METRO GROUP expects renewed increase in sales and EBIT adjusted for currency effects in its current group structure

Düsseldorf, 14 December 2016 - METRO GROUP successfully continued its transformation in financial year 2015/16 and met its sales and earnings targets. EBIT before special items amounted to €1,560 million in the reporting period, exceeding the comparable currency-adjusted figure for the previous year by €119 million. Currency effects had a negative impact of €70 million. "Our company's performance in financial year 2015/16 confirms that we are on the right track with our strategic focus on value creation for our customers and our continued transformation process: we achieved another increase in sales and earnings in a challenging market environment and met our forecast for the financial year, creating a solid foundation for the successful demerger of METRO GROUP," says Olaf Koch, Chairman of the Management Board of METRO AG. "Both METRO Cash & Carry and Media-Saturn registered a sustainable increase in like-for-like sales, which was also reflected in earnings. At Real, we made further progress in strengthening the competitiveness and shaping the future business concept." A dividend of €1.00 per ordinary share will be proposed to the Annual General Meeting to offer METRO AG shareholders an appropriate share in the company's positive business development.

For further information, please see attached press release.