METRO Group boosts Q1 sales by 12.1%

03 May '07

3 min read

METRO Group's earnings before interest, tax, depreciation and amortization (EBITDA) grew by 2.8 percent to € 434 million. EBIT came in at € 123 million following € 138 million in the First Quarter 2006.

As expected, this figure includes expenses in the amount of around € 15 million relating to the integration of Wal-Mart Germany. Adjusted for these expenses, EBIT reached the prior-year level. Earnings per share (EPS) stood at € -0.03 following € 0.02 during the First Quarter 2006.

As at 31 March 2007, METRO Group operated a total of 2,388 locations in 30 countries. 15 new stores were opened during the First Quarter – ten of them by Media Markt and Saturn.

Metro Cash & Carry with substantial rise in earnings:
Despite the high prior-year value, Metro Cash & Carry succeeded in raising sales by 5.1 percent to € 7.0 billion during the First Quarter 2007. Adjusted for currency effects sales grew by 5.6 percent. The share of international sales continued to climb and now stands at 81.5 percent.

Particularly strong growth was again achieved in Eastern Europe and Asia. These growth regions now account for far more than one third of the sales revenue generated by this sales division. In Eastern Europe, Metro Cash & Carry recorded a plus of 12.3 percent.

In Asia and Africa, sales grew 15.7 percent. Business in China continued to develop very positively. Sales in Western Europe rose 0.6 percent while slightly dropping 0.4 percent in Germany.

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