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METRO Group H1 sales up 11%

01 Aug '07

2 min read

METRO Group continued on its successful growth path in the first six months of 2007. In year-on-year comparison, the company raised sales by 10.9 percent to €30.3bn. Net of the acquisitions of Wal-Mart Germany and Géant in Poland, sales rose 6.7 percent.

“The vigorous sales boost of almost 11 percent underlines the efficiency and dynamics of METRO Group. We will consistently continue on our successful growth path also in future”, asserted Dr. Hans-Joachim Körber, Chairman of the Management Board and CEO of METRO Group.

“Our strongest growth regions are still Eastern Europe and Asia, but in the challenging markets of Western Europe and in Germany we were also able to grow against the trend. Therefore, we confirm the outlook we gave for 2007.”

Sales outside Germany rose by a total of 13.5 percent to €17.2bn. Net of the acquisition of Géant in Poland, international sales went up 11.8 percent. In Western Europe sales rose 6.1 percent.

Above-average growth rates were achieved by METRO Group in Eastern Europe and Asia where it reached a plus in sales of 23.5 percent and 26.5 percent, respectively. The share of
international sales increased in year-on-year comparison, from 55.5 percent to 56.8 percent. “Our international expansion again prompted sustainable growth impulses”, Dr. Körber commented.

“We will continue to consistently implement our successful internationalization strategy. Media Markt, for example, will open its first store in Turkey in the third quarter of 2007.” In Germany, sales climbed 7.6 percent to € 13.1bn in the first half of 2007.

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