TRADING STATEMENT
1stquarter 2019/20
15 January 2020
METRO'S LIKE-FOR-LIKE SALES GROW 1.0% IN Q1 2019/20
- Like-for-likesales increased by 1.0% in Q1 2019/20
- Continuing strong development in Eastern Europe (5.0%) and Asia (3.2%)
- In Russialike-for-like sales declined by -5.3%; slight trend improvement vs. Q4 2018/19 (-6.3%)
- Total sales increased by 2.2% supported by positive cur- rency effects
- METRO confirms sales and EBITDA outlook for the finan- cial year 2019/20
According to preliminary and unaudited figures, METRO AG's like-for-like sales in the 1stquarter 2019/20 increased by 1.0% in comparison to previous year. Total sales increased by 2.2% to € 7.5 billion supported by positive currency effects. Total sales in local currency grew by 1.0%.
"In the first quarter 2019/20, METRO continued to grow in the majority of the regions despite difficult macroeconomic and political conditions in some countries, for example the national general strikes in France. We confirm the outlook for the financial year 2019/20", said Olaf Koch, Chairman of the Management Board of METRO AG. "Furthermore, the sales processes of the hypermarket business and METRO China are progressing according to plan."
METRO
METRO | Q1 2018/19 Q1 2019/20 |
Sales (€ billion)
Change (€)
Change (local currency)
Like-for-like (local currency)
7.47.5
-1.0% 2.2%
1.9% 1.0%
2.1% 1.0%
METRO AG, Investor Relations
Metro-Straße 1 | Telephone +49 211 6886- | Supervisory Board: Jürgen B. Steinemann, | Head office |
40235 Düsseldorf, | 1051 | Chairman | Düsseldorf |
Germany | www.metroag.de | Management Board: Olaf Koch, Chairman | HRB no. 79055 |
Postfach 230361 | investorrelations@metro.de | Christian Baier, Andrea Euenheim, | District Court in Düssel- |
40089 Düsseldorf, | Philippe Palazzi | dorf | |
Germany |
TRADING STATEMENT
1stquarter 2019/20
15 January 2020
Segments
Total
Germany
Western Europe (excl. Germany)
Russia
Eastern Europe (excl. Russia)
Asia
Like-for-like | |||||||
Sales (€ billion) | Change (€) | Change (local currency) | (local currency) | ||||
Q1 2018/19 | Q1 2019/20 | Q1 2018/19 | Q1 2019/20 | Q1 2018/19 | Q1 2019/20 | Q1 2018/19 | Q1 2019/20 |
7.4 | 7.5 | -1.0% | 2.2% | 1.9% | 1.0% | 2.1% | 1.0% |
1.4 | 1.3 | -1.3% | -0.4% | -1.3% | -0.4% | -0.2% | -0.4% |
2.9 | 2.9 | 1.2% | 0.4% | 1.2% | 0.4% | 1.0% | 0.5% |
0.8 | 0.8 | -11.9% | 2.5% | -2.8% | -4.9% | -2.4% | -5.3% |
1.9 | 2.0 | 0.8% | 6.1% | 6.3% | 5.1% | 6.4% | 5.0% |
0.4 | 0.5 | 3.0% | 5.2% | 9.8% | 3.4% | 7.4% | 3.2% |
- Like-for-likesales growth driven by Eastern Europe, Asia and Western Europe
- Germany shows slight decline, impacted by a change in tobacco regulation
- Western Europe with slight sales growth, despite national general strikes in France
- Russia with LFL decline but slight trend improvement versus Q4 2018/19
- Eastern Europe with continuing strong growth
- Asia continues to grow on a good level, Classic Fine Foods affected by demon- strations in Hong Kong
- Sales growth driven by Food categories and Horeca & Trader customers in ma- jority of countries
- Delivery business continued to grow and the sales share increased further
- Reported sales increased by 2.2% supported by positive currency effects, espe- cially in Russia and Ukraine
- In local currency, sales grew by 1.0%
- As of 31 December 2019, the store network includes 679 stores, 3 stores more than on the same date in the previous year. In the 1stquarter of 2019/20, 1 store was opened (Ukraine)
Financial calendar 2019/20
Quarterly Statement Q1 2019/20 | Thursday | 13 February 2020 | 7.30 a.m. | |
Annual General Meeting 2020 | Friday | 14 February 2020 | 10.00 a.m. | |
Half-yearly Financial Report H1/Q2 2019/20 | Thursday | 7 | May 2020 | 7.30 a.m. |
Quarterly Statement 9M/Q3 2019/20 | Friday | 7 | August 2020 | 7.30 a.m. |
Times stated are Berlin time
METRO AG, Investor Relations
Metro-Straße 1 | Telephone +49 211 6886- | Supervisory Board: Jürgen B. Steinemann, | Head office |
40235 Düsseldorf, | 1051 | Chairman | Düsseldorf |
Germany | www.metroag.de | Management Board: Olaf Koch, Chairman | HRB no. 79055 |
Postfach 230361 | investorrelations@metro.de | Christian Baier, Andrea Euenheim, | District Court in Düssel- |
40089 Düsseldorf, | Philippe Palazzi | dorf | |
Germany |
TRADING STATEMENT
1stquarter 2019/20
15 January 2020
Disclaimer
This sales report contains preliminary, unaudited figures and forward-looking statements. These statements are based on certain assumptions and expectations held at the time this report is published. Preliminary figures and forward-looking statements are therefore subject to risks and uncertainties and may significantly deviate from the actual results. With regard to forward-looking statements in particular, risks and uncertainties are to a large extent determined by factors that are outside of METRO's sphere of influence and that can currently not be estimated with an adequate degree of certainty. These factors include, inter alia, future market conditions and economic developments, the actions of other market participants, the utilisation of anticipated synergy effects as well as legislative and political decisions.
METRO does not consider itself obliged to publish any corrections to these forward-looking statements for the purpose of adjusting them to events or circumstances that eventuate after the publishing date of these materials.
METRO AG, Investor Relations
Metro-Straße 1 | Telephone +49 211 6886- | Supervisory Board: Jürgen B. Steinemann, | Head office |
40235 Düsseldorf, | 1051 | Chairman | Düsseldorf |
Germany | www.metroag.de | Management Board: Olaf Koch, Chairman | HRB no. 79055 |
Postfach 230361 | investorrelations@metro.de | Christian Baier, Andrea Euenheim, | District Court in Düssel- |
40089 Düsseldorf, | Philippe Palazzi | dorf | |
Germany |
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Metro AG published this content on 15 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 January 2020 08:17:09 UTC