Metro: maintains favourable sales and prospects
(CercleFinance.com) - According to the figures published by Metro, sales in the 4th quarter of the 2019/2020 financial year are practically at the same levels as last year, (6.
5 billion euros), down 0.5%.
The group indicates that sales in Germany, Russia and Eastern Europe (which together represent more than half of the group's sales), look as though they are already rebounding.
Sales targets were attained over the full fiscal year: sales (25.6 billion euros) fell 3.9%, whereas the group anticipated a fall of 3.5% to 5%. The group also announces that it has gained market share in Germany, France and Italy.
Expected EBITDA will therefore be in the higher range of estimates, forecasts Metro.
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