In Q2 2012, METRO GROUP continued its positive sales trend of the first three months and reported a growth of 1.8%. Against the backdrop of a persistently difficult macroeconomic environment, the company thus improved sales by 2.0% to € 31.5 billion in the period from January to June 2012. With regard to operating earnings, the company reported a growth in the second quarter despite continued high investments into customer services and prices: EBIT before special items increased by 2.5% to € 314 million (2011: € 306 million). Owed to the burdens from the 1st quarter, operating earnings for the first half came in at € 305 million following € 452 million year-on-year. “We have picked up speed despite the headwind: our focus on sustainable growth is paying off. Meanwhile, we are already seeing first positive effects on earnings. This encourages us to continue on the path taken”, said Olaf Koch, Chairman of the Management Board of METRO AG. “We remain convinced that we can achieve an EBIT roughly at the prior year’s level”.
METRO GROUP increases sales and earnings