Metro Group news and archive

Metro Group like-for-like sales up 1.5 percent in FY15

According to the preliminary figures, Metro Group increased its like-for-like sales by 1.5 percent in financial year 2014/15. The Düsseldorf-based retail and wholesale company said that the growth indicates that it has achieved its full-year sales target. The company added that reported sales of 59.2 billion euros (67 billion dollars) fell 1.2...

Apparel

Metro Group witnesses 0.3 percent rise in H1 sales

REPORT_ During H1 2013/14, Metro Group increased its sales by 0.3 percent after adjustment for currency and portfolio effects. As a result of company disposals, foreign exchange effects and Easter shift, reported sales came in at 33 billion euros (45.9 billion dollars), below the previous year's level. EBIT was impacted by special items and...

Apparel

Metro cuts Q1 loss margin

For the first quarter of 2013, the Metro group reduced its net loss to 16 million euros (Rs 113.4 crores) compared to 79 million euros (Rs 560 crores) in the first quarter of 2012. This improvement was possible mainly due to a tax income of 109 million euros (Rs 772.8 crores). Metro is a German cash and carry, hypermarket and electronics retail...

Apparel

Metro FY’12 sales up 1.2 percent

For the financial year 2012, sales of the Metro Group rose by 1.2 percent. The company improved its operating cash flow by 11.9 percent to 2.340 billion euros (Rs 16,342 crores). The group’s sales lines increased their market share in numerous countries. In addition, the company focused on new distribution channels and formats. Multichannel...

Apparel

Metro’s preliminary results show 1.2 percent sales rise FY’12

According to preliminary figures, Metro Group increased sales by 1.2 percent to 66.7 billion euros (88.6 billion dollars) in financial year 2012 (0.8 percent in local currency). Adjusted for the disposals of Makro UK and Saturn France, sales rose by 2.3 percent. In the fourth quarter, sales grew by 0.5 percent to 19.4 billion euros (25.7 billion...

Apparel

Metro AG to open 50 stores

Metro AG, Germany’s biggest retailer, plans to open as many as 50 wholesale stores in the next five years across India. Metro, which has six wholesale stores in India since it became the first overseas retailer to open such a store in 2003. It is now expanding in the world’s second fastest growing economy as it seeks to cut its dependence on its...