In financial year 2012, METRO GROUP recorded a robust development overall in a challenging macroeconomic environment. Group sales rose by 1.2% to € 66.7 billion; adjusted for portfolio measures, sales climbed by 2.3%. EBIT before special items came in at € 1.976 billion and therefore in line with the revised guidance. At the same time, the company improved its operating cash flow by 11.9% to € 2.340 billion and reduced its net debt by 20.4% to € 3.245 billion. “The continued challenging consumer environment in many European countries resulting from the sovereign debt crisis again impacted business development at METRO GROUP in 2012”, said Olaf Koch, Chairman of the Management Board of METRO AG. “Thanks to first successes of our measures to enhance the customer value we nevertheless met our guidance and significantly improved our cash flow and debt position”. A dividend of € 1.00 per ordinary share (in 2011: € 1.35) will be proposed to the Annual General meeting. This corresponds to a payout ratio of 52.9% following 51.3% one year earlier.
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