METRO delivers strong gains in sales & earnings 2006

21 Mar '07

3 min read

The METRO Group's economic value added (EVA) climbed notably in 2006. EVA reached € 426 million compared with € 305 million in the previous year. Metro Cash & Carry as well as Media Markt and Saturn once again recorded a significant improvement in EVA over the previous year.

The METRO Group's investments totaled around € 3 billion in 2006, exceeding the previous year's figure by 0.9 billion. Adjusted for acquisitions, investments amounted to about € 2 billion.

As a result of the METRO Group's successful expansion, the number of employees continued to rise. An average of about 264,000 people worked for the group in 2006.

Divisional business developments:
Metro Cash & Carry continues to expand its international presence The Metro Cash & Carry sales division once again proved itself to be the growth driver within the METRO Group. It boosted sales by 6.5 percent to € 29.9 billion.

A total of 41 new stores were opened – including 24 in Eastern Europe. At the end of 2006, Metro Cash & Carry operated 584 stores in 28 countries. In its international business, Metro Cash & Carry generated an increase of 8.4 percent in sales to € 24.2 billion.

The sales division achieved significant increases in sales in Eastern Europe (+15 percent) and in Asia/Africa (+21.5 percent). EBIT at Metro Cash & Carry rose by 9.7 percent to € 1.1 billion.

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