Düsseldorf, 31 May 2017 - In the 2nd quarter and the 1st half of financial year 2016/17, METRO GROUP has seen a continued trend improvement in the sales performance of MediaMarktSaturn and METRO Cash & Carry. Like-for-like sales of the continuing operations increased by 0.3 % in the 2nd quarter 2016/17. MediaMarktSaturn in Germany, in particular, showed a strong performance with a growth in like-for-like sales of 3.4 %. Online sales of the sales brands Media Markt and Saturn continued to develop positively across all countries and grew by more than 40%, reaching a share of almost 12% of total sales. EBIT before special items of the continuing operations was impacted in the 2nd quarter by a high comparison base and by investment in the transformation, such as IT and CRM. In addition, earnings were reduced by investments in start-up activities, such as the Retail Media Group and Deutsche Technikberatung, and measures to strengthen the market position in various countries. Accordingly, as a result of investing in the restructuring of the group of companies, EBIT before special items fell to -€19 million in the 2nd quarter from €38 million in the previous year.
Like-for-like sales of the discontinued operations decreased by 1.1% in the 2nd quarter. This was also due to the negative calendar effects, especially for Real. Reported sales of METRO Cash & Carry showed a significant increase of 5.4 %, which was also partly due to the acquisition of Pro à Pro. This contributed to the increase of more than 30 % in delivery sales of the sales line to a record high of 16.1 % of total sales. EBIT before special items of the discontinued operations improved significantly to €90 million compared to -€27 million in the same quarter last year in particular due to real estate income and positive currency effects.
For further information, please see the attached press release.