The wholesale group grew in the last financial year, but growth weakened in the last quarter. In Germany it is only enough for stagnation.
The Metro wholesale group grew in the past 2023/24 financial year and achieved its forecast. However, growth weakened on its own in the fourth quarter. When presenting the preliminary sales figures, Metro described the general conditions as “challenging”. This also applies to the outlook for the new 2024/25 financial year, said CEO Steffen Greubel on Monday after the stock exchange closed in Düsseldorf.
Sales rose by 1.6 percent to 31 billion euros at the end of September, as the group announced. Growth weakened in the final quarter and stood at 3.8 percent on its own. For example, sales in the important German business stagnated at the previous year’s level. In the fourth quarter, Metro achieved sales of 8 billion euros, after 7.9 billion euros in the same period last year.
Adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) are likely to have fallen in the last financial year. Metro is starting from the lower end of the range spent – it ranges from a decrease of 100 million euros to an increase of 50 million euros. The group assumes a loss for earnings per share. The Düsseldorf-based company wants to present the detailed figures on December 10th.
Source: Stern
