Press Releases

METRO’s like-for-like sales grow by +2.3%

01/17/2019

  • Like-for-like sales increased by 2.3% in Q1 2018/19
  • Strong development in Eastern Europe (+6.4%) and Asia (+5.9%)
  • Like-for-like sales in Russia declined by only -2.4%
  • Sales development in Q1 2018/19 in line with the outlook for the full financial year 2018/19

According to preliminary and unaudited figures, METRO AG’s like-for-like sales in Q1 2018/19 increased by 2.3% in comparison with the previous year. “In the first quarter of 2018/19, METRO has achieved the best like-for-like sales development for six quarters. Nearly all segments contributed positively to this. In Russia the rolled out measures showed positive results and like-for-like sales were only slightly negative. We confirm our outlook for the financial year 2018/19”, said Olaf Koch, Chairman of the Management Board. Total sales declined by -0.6% to €8.0 billion, due to negative currency effects in Russia and Eastern Europe. However, total sales in local currency grew by 2.1%.

For further information please see the attached press release.