According to preliminary and unaudited figures, METRO increased its like-for-like sales in the financial year 2016/17 by 0.5%. Overall, sales rose by 1.6% to €37.1 billion. Sales in local currency grew by 1.1%.
“The new METRO increased sales in the first independent quarter,” said Olaf Koch, Chairman of the Management Board of METRO AG. “We made some significant progress in the fourth quarter, particularly in METRO Wholesale’s delivery business and Real’s online business. We can look back on a positive financial year overall, in which we also successfully completed our transitional year and sharpened the focus of our business by splitting up the previous METRO GROUP.”
METRO’s like-for-like sales saw a year-on-year increase of 0.5% in the fourth quarter of 2016/17. Both METRO Wholesale and Real increased their sales in like-for-like terms. METRO’s total sales increased by 0.7% to €9.2 billion. This rise was offset by currency effects, with sales in local currency increasing more sharply by 1.6%.
For further information, please see the attached press release.