Press Releases

METRO GROUP continues slight sales growth and confirms EBIT guidance

10/19/2016

  • Like-for-like sales growth of 0.2% in financial year 2015/16
  • METRO Cash & Carry and Real increase like-for-like sales in Q4; Media-Saturn impacted in particular by decline in sales at Redcoon
  • Significant growth among sales drivers online and delivery
  • EBIT guidance confirmed
  • METRO GROUP anticipates pleasant Christmas business

Düsseldorf, 19 October 2016 – According to preliminary, unaudited figures, METRO
GROUP increased its like-for-like sales by 0.2% in financial year 2015/16. This
means that METRO GROUP has met its financial year sales forecast. Reported sales
of €58.4 billion were down on the previous year’s figure by 1.4% due to negative
currency and portfolio effects. However, METRO GROUP’s sales in local currency
increased by 0.4%. “Financial year 2015/16 was an important one for METRO
GROUP,” said Olaf Koch, Chairman of the Management Board of METRO AG. “We
made significant progress in transforming the company and are now systematically
focusing on customer value. This is also reflected in the positive development of our
growth drivers online and delivery. We have achieved our sales target in a somewhat
challenging market environment and, on this basis, confirm the guidance for EBIT
before special items. The separation of METRO GROUP into a wholesale and food
specialist and a consumer electronics group is the next logical step in the
transformation process. Spin-off preparations are on track.”

 

For further information, please see the attached press release.