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MarketScreener Homepage  >  Equities  >  Xetra  >  Metro    B4B   DE000BFB0019

METRO

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Metro: Sale of German Real hypermarkets is making progress

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02/12/2019 | 05:17am EST
FILE PHOTO: German retailer Metro AG supermarket in Duesseldorf

DUESSELDORF (Reuters) - German wholesaler Metro said it expected non-binding offers to be made soon for its loss-making Real hypermarkets chain, with a binding offer to come six to eight weeks later.

Metro Chief Executive Olaf Koch reiterated that Metro wants to sell Real as a whole, but said the process was difficult due to competition regulations.

Koch told journalists he expected a positive price for Real due to its real estate portfolio and ecommerce business, adding there was more than a handful of interested parties.

Industry bankers had predicted that Metro might have to effectively pay a buyer to take the chain off its hands. Rival German chains could be interested in parcels of stores, but private equity firms are seen as the most likely bidders.

(Reporting by Matthias Inverardi, writing by Emma Thomasson, editing by Tassilo Hummel)

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Financials (€)
Sales 2019 29 720 M
EBIT 2019 845 M
Net income 2019 420 M
Debt 2019 2 451 M
Yield 2019 4,47%
P/E ratio 2019 13,10
P/E ratio 2020 14,30
EV / Sales 2019 0,27x
EV / Sales 2020 0,26x
Capitalization 5 535 M
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Technical analysis trends METRO
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TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 19
Average target price 14,3 €
Spread / Average Target -6,1%
EPS Revisions
Managers
NameTitle
Olaf G. Koch Chief Executive Officer
Juergen B. Steinemann Chairman-Supervisory Board
Philippe Palazzi Chief Operating Officer
Christian Baier Chief Financial Officer
Florian Funck Member-Supervisory Board
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