Strong FY for METRO
Metro Group has this morning delivered strong gains in sales and earnings in financial year 2006. Group sales rose by 7.5% to around EUR60 billion (USD75.2 billion), and EBIT climbed to nearly EUR2 billion (USD2.5 billion). Adjusted for the repositioning of Real (including the acquisitions of Wal-Mart Germany and Géant Poland), EBIT rose by 9.9% to EUR1.91 billion (USD2.3 billion)."The year 2006 was our strongest growth year since 1998. We significantly strengthened our position among the leading and largest international trade and retail companies," said Dr. Hans-Joachim Körber, CEO. "Our strategy of profitable growth and the sustainable improvement of the company value is extremely successful. In 2006, more than 50% of our sales and about two-thirds of our earnings were generated abroad. With the market entry of Metro Cash & Carry into Pakistan and Media Markt into Turkey, we will continue to extend the Metro Group’s international operations this year."
Including the new acquisitions, the company expects sales this year to rise 8% to 9%, with EBIT gaining 6% to 8%, excluding one-time effects.
Including the new acquisitions, the company expects sales this year to rise 8% to 9%, with EBIT gaining 6% to 8%, excluding one-time effects.
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