METRO GROUP generated a slight increase in like-for-like sales of 0.1% in the first quarter of financial year 2016/17, performing solidly in a challenging market environment. EBIT before special items was at previous year's level and reached €821 million in the first quarter of 2016/17 (Q1:2015/16: €828 million). METRO GROUP's EBIT after special items amounted to €733 million in the first quarter. The decline compared with €1,240 million in the previous year was primarily due to the fact that the previous year's figure included the income from the sale of METRO Cash & Carry Vietnam. In the first quarter of 2016/17, EPS before special items improved to €1.17 from €1.12 in the previous year. Sales in the online and delivery business increased markedly again: At Media-Saturn, the online sales increased by more than 25% and, for the first time, accounted for over 10% of total sales. METRO Cash & Carry's delivery sales climbed by 16.5%, accounting for 12.7% of total sales. "We performed solidly in a challenging market environment during the first quarter of the new financial year, generating stable sales and EBIT and continuing our positive like-for-like sales development, particularly at METRO Cash & Carry," said Olaf Koch, Chairman of the Management Board of METRO AG. "The sustained increase in online and delivery sales testifies to METRO GROUP's successful transformation. We remain confident that we will achieve our full-year sales and earnings targets for METRO GROUP."
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