Duesseldorf, 12 February 2019 – In Q1 2018/19 METRO AG’s like-for-like sales increased by 2.3% in comparison with the previous year. This was mainly driven by Eastern Europe (excluding Russia) and Asia as well as a positive day effect. In local currency METRO’s sales increased by 2.1%. The reported sales decreased by -0.6% to €8.0 billion, mainly due to the negative development of the Russian and Turkish currency. EBITDA excluding earnings contributions from real estate transactions reached a total of €470 million in Q1 2018/19 (Q1 2017/18: €504 million). The decline of €-34 million is mainly a result of negative currency effects in Russia and Turkey, as well as investments in the price positioning of METRO in Russia. Adjusted for currency effects, the decline amounts to merely €-16 million. ”Sales and earnings of METRO are in line with expectations. Our measures taken in Russia are showing positive results. Asia, Eastern Europe and the delivery business continue to develop dynamically. The increased focus on HoReCa and traders is paying off. We can confirm the outlook for the financial year 2018/19”, says Olaf Koch, Chairman of the Management Board of METRO AG.
For further information please see the attached press release.