Dusseldorf, 13 January 2015. Preliminary METRO GROUP sales in Q1 2014/15, adjusted for currency effects and portfolio changes, grew by 2.6% compared to the previous year quarter. Reported sales declined by 2.2% to €18.3 billion mainly due to the disposal of Real Eastern Europe and the substantial negative currency effects in many parts of Eastern Europe, but particularly in Russia and Ukraine. However, like-for-like sales increased by 2.1%. "Despite the persistently challenging environment we were able to continue the positive like-for-like sales performance at the start of the new financial year," said Olaf Koch, Chairman of the Management Board of METRO AG. "Christmas business was overall positive. In December, all sales divisions increased their like-for-like sales. This positive development means that we have created a solid basis for further success in our transformation and achieving our full-year sales outlook."
METRO GROUP begins financial year 2014/15 with significant like-for-like sales growth