Press Releases

METRO reports a solid quarter and a trend improvement in Russia

08/02/2018

  • Group: 9M like-for-like sales above previous year; EBITDA reaches €1,071 million in 9M and €302 million in Q3
  • Q3: Positive trends in nearly all business segments; correction of negative development in Russia initiated rapidly
  • Wholesale: Steady like-for-like sales growth in Q3; in constant currency, EBITDA exceeds the previous year's result, also driven by first trend improvements in Russia
  • Real: Declining sales in Q3 particularly due to the Easter shift; new tariffconcept achieves competitive position but negatively impacts EBITDA inits first step
  • Strong growth in delivery business and online business
  • METRO confirms outlook for financial year 2017/18

With slight like-for-like sales growth in the nine months to the end of June 2018, METRO achieved a solid overall business result. METRO once again increased sales on wholesale and posted like-for-like growth of 1.2% for the first nine months of the financial year. In Q3, the wholesale business grew by 1% like-for-like. Reported sales were impacted by negative currency effects. The group (i.e. including Real) has increased its like-for-like sales by 0.7% in 9M, although Real recorded a decline during the period. In Q3, like-for-like group sales slightly fell by 0.5%, primarily due to the shift in the timing of Easter. Group EBITDA reached €1,071 million in 9M and €302 million in Q3.

For further information, please see the attached press release.