Metro Group is happy with first quarter | RetailDetail

Metro Group is happy with first quarter

Metro Group is happy with first quarter
Shutterstock

German Metro Group is happy with its first quarter results. Turnover, after exchange rate fluctuations, has only grown 0.2 %, but there was a 0.8 % like-for-like turnover increase.

 

Setback in Russia

Metro’s total first quarter turnover reached 10.1 billion euro, which is pretty much the same as a year earlier. Prior to the exchange rate fluctuations, there was a 1.5 % turnover increase and a 0.8 % like-for-like turnover increase. “We had a solid quarter in a challenging market”, Metro’s chairman Olaf Koch said. “The group’s first quarter turnover was in line with our full fiscal year’s forecast.”

 

 

Metro Wholesale performed best, with a 1 % like-for-like turnover increase to 8.1 billion euro. However, the results were not as positive everywhere, because there was a 9 % like-for-like turnover drop in Russia. German turnover grew 2 % but Real’s turnover dropped 0.5 % to 2 billion euro: like-for-like turnover remained stable, despite fewer opening days in the first quarter compared to last year’s first quarter.

Questions or comments? Please feel free to contact the editors


Gerelateerde items

Not everyone is pleased with new European warranty guidelines

23/02/2018

The European Parliament approved a proposal to harmonize warranties all across Europe, but not everyone is satisfied with the content.

The world's first start-up supermarket, KaDeTe, opens in Berlin

22/02/2018

The world’s first startup supermarket, KaDeTe, will open its doors in Berlin next month. The physical marketplace will give young brands and companies an opportunity to engage consumers and buyers.

"Not a major surprise" if Unilever were to choose Rotterdam

22/02/2018

The Financial Times believes Rotterdam is in pole position to become the British-Dutch Unilever’s new main office, instead of London. The business paper claims the information comes from political insiders.

Record results for Henkel

22/02/2018

German Henkel experienced a strong 2017, with record numbers for both its profit and turnover. The company managed to surpass the 20 billion euro turnover milestone for the first time.

Go Sport divulges major international plans

22/02/2018

French sports retailer Go Sport, which has twelve stores in Belgium, has very ambitious expansion plans. Spain and Poland are its European targets, but it will also focus on Morocco and India.

Merger paid off for Fnac Darty

22/02/2018

French entertainment and electronics retailer Fnac Darty (owner of Belgian chain Vanden Borre and Dutch BCC) has experienced a “solid 2017”, with a nearly 40 % turnover increase.

Back to top