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METRO GROUP EBIT €22 million better

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Staff writer ▼ | December 13, 2013
METRO GROUP closed its short financial year with a positive performance. EBIT before special items came in at €728 million which is €22 million up from the prior-year value.
METRO GROUP
METRO GROUPMETRO GROUP closed its short financial year with a positive performance. EBIT before special items came in at €728 million which is €22 million up from the prior-year value.


METRO GROUP succeeded in increasing sales by 0.9 percent to €45.0 billion during the short financial year (adjusted for portfolio changes and currency effects). Reported sales came in at €46.3 billion or 2.2 per cent down from the prior-year (9M 2012: €47.4 billion).

Despite challenging market conditions and the resulting price investments in amounting to €706 million, EBIT before special items climbed to €728 million during the short financial year 2013 and thus developed in line with the guidance. Adjusted for special items, EBIT stood at €703 million which is €294 million up from the prior-year value. This includes special items in the amount of €25 million (9M 2012: €297 million).

These special items in particular include positive effects from the divestment of Real's business activities in Eastern Europe. A negative effect resulted in particular from the insolvency of Praktiker AG and its subsidiaries as well as from the expenses for restructuring measures. Other special effects related to the expenses resulting from the transformation and streamlining of the non-food product ranges at METRO Cash & Carry.

The net profit for the period before special items stands at €16 million (9M 2012: €165 million). The net profit for the period includes special items in the amount of €87 million (9M 2012: €179 million). Adjusted for these special items, the net loss for the period is €57 million down from the prior-year period and comes in at €-71 million.

This corresponds in the short financial year with the net loss for the period attributable to the shareholders of METRO AG. The earnings per share before special items came in at €0.03 (9M 2012: €0.49). Adjusted for special items, the earnings per share amounted to €-0.22 (9M 2012: €-0.06). The Management Board of METRO AG will propose to the Annual General Meeting on 12 February 2014 not to pay out a dividend from the short financial year 2013.


 

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