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METRO Group Western Europe sales grow
10
Jan '08
In FY 2007 (1 January - 31 December) METRO Group increased sales by 10.0 percent to €65.9 billion according to preliminary and unaudited figures.

Organic sales of METRO Group, i.e. excluding the acquisitions of Wal-Mart Germany and Géant in Poland, increased by 7.1 percent.

The currency effects amounted to +0.2 percentage points. In Germany sales grew by 5.5 percent to €27.9 billion. Organic sales growth was 0.4 percent.

“The significant 2007 sales growth is a good foundation for further long-term value enhancement of METRO Group”, said Dr. Eckhard Cordes, CEO of METRO AG.

“Considering the good development in 2006, also thanks to pullforward effects ahead of the VAT increase, we are satisfied with the 2007 Christmas trading.”

International sales grew by 13.6 percent and reached a new record share of 57.7 percent. Organic international sales rose by 12.3 percent.

The currency effects amounted to +0.4 percentage points. Western Europe showed good sales growth. Sales in Eastern Europe and Asia/Africa grew significantly by around 25%.

In Q4 2007 METRO Group increased sales by 8.3 percent to €19.9 billion. Excluding the acquisitions, sales rose by 7.7 percent. The currency effects amounted to +0.2 percentage points.

Sales in Germany in Q4 2007 rose by 1.5 percent. In this context it should be noted that sales of the acquired operations of Wal-Mart Germany were consolidated in November 2006 for the first time.

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Courtesy: BGMEA

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