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Dusseldorf (APA / Reuters) – The German retail giant Metro has seen a decline in sales after setbacks in the important Russian business. Revenues had fallen during the 2017/18 fiscal year to reach 36.5 billion euros (previous year: 37.1 billion euros), Metro said Thursday. based on preliminary figures. Adjusted for market closures, the group was able to increase sales by 0.7%.
Above all, wholesale markets gained ground, registering more than 1.7% in the fourth quarter alone. The supermarket chain Real, put on sale by CEO Olaf Koch, had to accept a decline in sales. In Germany, during the unusually hot summer quarter, the same-store sales of Real fell by 4.1%.
Its annual forecast of results confirmed the company. Operating profit (Ebitda adjusted for currency fluctuations) is expected to increase slightly from the 1.44 billion euros reported the previous year.
~ ISIN DE0007257503 WEB http://www.metrogroup.de ~ APA081 2018-10-25 / 08: 59
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