Home / Knowledge / News / Textiles / METRO Group boosts Q1 sales by 12.1%

METRO Group boosts Q1 sales by 12.1%

03
May '07
METRO Group made a dynamic start into the year 2007. Compared against the same period last year the company boosted First Quarter sales by 12.1 percent to € 14.9 billion. Even net of the acquisitions of Wal-Mart Germany and Géant Poland sales rose distinctly by 7.8 percent.

“We are very satisfied with the development of our sales during the First Quarter. METRO Group laid a strong foundation for a successful fiscal year 2007,“ said Dr. Hans-Joachim Körber, Chairman of the Management Board and CEO of the METRO Group.

“We distinctly stepped up sales in all regions. Again, we were particularly successful in our growth markets Asia and Eastern Europe, but business also developed positively in the challenging markets of Western Europe and in Germany – although consumer sentiment in our domestic market was marred by the increase in value added tax.“

In Western Europe, sales climbed 7.8 percent in a highly competitive market. In Eastern Europe, METRO Group continued its dynamic growth course. All sales divisions operating in this region contributed to the significant sales plus of 22.6 percent.

In Asia and Africa, sales soared by as much as 24.9 percent. Even with the acquisition of Wal-Mart Germany the share of international business in our sales still rose from 54.8 percent during the same period last year to now 55.8 percent.

In Germany, sales climbed 9.7 percent year-on-year despite the VAT hike. Even net of the acquisition of the local Wal-Mart activities we generated a 2.1 percent rise in domestic sales. Business developed positively, especially in March.


Must ReadView All

Pic: Shutterstock

Textiles | On 17th Sep 2021

UK again delays post-Brexit import trade controls

The United Kingdom has again delayed the implementation of some...

Pic: Shutterstock

Retail | On 17th Sep 2021

American retailers oppose business tax rate increases

The National Retail Federation (NRF) has opposed the proposed...

Pic: Shutterstock

Apparel/Garments | On 17th Sep 2021

Bangladesh looking to boost man-made fibre apparel exports: TexPro

Bangladesh is looking to focus on the man-made fibre apparel market...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Instagram & fashion will go a long way together

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchain is not a silver bullet for each and every problem in supply...

Textile Industry, Head honchos

Textile Industry
Head honchos

Donating 20,000 N95 masks to hospitals & NGOs

Kurt Wedgwood,

Kurt Wedgwood

From design to raw material to fabrication and ultimately to delivery -...

Ritu Oberoi,

Ritu Oberoi

Mumbai-based Forsarees is a socially driven business enterprise, working...

Kriti Kanodia,

Kriti Kanodia

A TV show in 2012 where actor Sonam Kapoor customises her own pair of...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

Shalini Sharma & Shweta Pundir Sharma, Six Yard Story

Shalini Sharma & Shweta Pundir Sharma
Six Yard Story

Six Yard Story is a premium artisanal brand with a focus to bring handloom ...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search