Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. Metro AG
  6. News
  7. Summary
    B4B   DE000BFB0019


Real-time Estimate Quote. Real-time Estimate Tradegate - 09/23 11:04:22 am
11.458 EUR   +0.64%
09/22METRO : recognised as PRIDE Champion
09/21METRO AG : JP Morgan reiterates its Neutral rating
09/14Czech billionaire Kretinsky buys stake of around 5% in French TV group TF1
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

DGAP-Adhoc : METRO AG raises outlook for FY 2020/21 following strong development of Horeca business since ease of restrictions

07/27/2021 | 01:23pm EDT
DGAP-Ad-hoc: METRO AG / Key word(s): Forecast/Change in Forecast 
METRO AG raises outlook for FY 2020/21 following strong development of Horeca business since ease of restrictions 
27-Jul-2021 / 19:22 CET/CEST 
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a 
service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The Management Board of METRO AG (METRO) has decided to increase its outlook for sales and EBITDA for the financial 
year 2020/21. The decisive factor is the better than expected business development since the easing of restrictions. 
Dedicated operational measures to support the re-start of our customers resulted in continuous market share gains. The 
currency adjusted sales to Horeca customers grew by 57% in Q3 2020/21, exceeded the pre-pandemic level for the first 
time in June and continued to develop positively in July. 
METRO now expects: 
- Sales (both total sales and like-for-like) to decline by approximately -0.5% to -3.5% vs. previous year (previously: 
-3% to -6% below previous year) 
- A development of EBITDA adjusted of +50 million EUR to -75 million EUR to previous year (previously: decline by 
roughly EUR -50 million to EUR -175 million to previous year) 
The outlook assumes stable exchange rates and no further adjustments to the portfolio. A partial re-introduction of 
restrictions is reflected with the lower end of the outlook corridor considering the still high level of uncertainty 
and volatility regarding the further development of the pandemic. 
For the financial year, regions with a high share of hospitality customers, like the Western Europe segment, experience 
the largest impact of government restrictions on sales and earnings. Positive sales developments are expected in the 
segments Russia, Eastern Europe and Asia. On the earnings side, a heterogeneous development in the segments is 
expected, with the group result being determined in particular by the further sales-dependent development in Western 
According to preliminary figures for Q3 2020/21, like-for-like sales grew by 15.0% compared to previous year. EBITDA 
adjusted (excluding transformation costs and earnings contributions from real estate transactions) grew to around EUR 
310 million. In the cumulative 9M 2020/21 perspective, this results in the following development for sales and EBITDA: 
- Total sales and like-for-like sales declined by -3.5% and -3.7% respectively 
- EBITDA adjusted grew by 24 million EUR (at constant currency) compared to previous year 
The 9M/Q3 2020/21 report will be published as scheduled on July 28, 2021 at 6:30pm, followed by an analyst conference 
call on July 29, 2021 at 8:45am. 
Sabrina Ley 
Director Investor Relations 
27-Jul-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and 
Press Releases. 
Archive at www.dgap.de 
Language:     English 
Company:      METRO AG 
              Metro-Straße 1 
              40235 Dusseldorf 
Phone:        +49 (0)211 6886-1524 
Fax:          +49 (0)211 6886-3759 
E-mail:       investorrelations@metro.de 
Internet:     www.metroag.de 
ISIN:         DE000BFB0019, DE000BFB0027 
WKN:          BFB001, BFB002 
Indices:      SDAX 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1222096 
End of Announcement  DGAP News Service 

1222096 27-Jul-2021 CET/CEST

Image link: 

(END) Dow Jones Newswires

July 27, 2021 13:22 ET (17:22 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
CECONOMY AG 2.50% 3.778 Delayed Quote.-34.93%
METRO AG 0.57% 11.44 Delayed Quote.23.80%
All news about METRO AG
09/22METRO : recognised as PRIDE Champion
09/21METRO AG : JP Morgan reiterates its Neutral rating
09/14Czech billionaire Kretinsky buys stake of around 5% in French TV group TF1
09/03Metro AG agreed to acquire C&C Abholgroßmaerkte GmbH.
09/02METRO : Austria acquires REWE Group's wholesale stores
09/01METRO : will cease operations in Myanmar
08/23METRO : Food Innovation Hub NX-Food in new dual leadership
08/18STUDY : Gastronomy is a key factor for inner cities
08/10METRO AG : Berenberg reiterates its Neutral rating
08/05METRO AG : Baader Bank gives a Buy rating
More news
Analyst Recommendations on METRO AG
More recommendations
Sales 2021 24 248 M 28 436 M 28 436 M
Net income 2021 23,3 M 27,3 M 27,3 M
Net Debt 2021 3 485 M 4 086 M 4 086 M
P/E ratio 2021 177x
Yield 2021 3,17%
Capitalization 4 135 M 4 854 M 4 849 M
EV / Sales 2021 0,31x
EV / Sales 2022 0,29x
Nbr of Employees 88 306
Free-Float 35,9%
Duration : Period :
Metro AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends METRO AG
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 11
Last Close Price 11,39 €
Average target price 10,39 €
Spread / Average Target -8,73%
EPS Revisions
Managers and Directors
Steffen Greubel Chief Executive Officer
Christian Baier Chief Financial Officer
JŘrgen B. Steinemann Chairman-Supervisory Board
Rafael Gasset Chief Operating Officer
Eric Poirier Co-Chief Operating Officer
Sector and Competitors
1st jan.Capi. (M$)
METRO AG23.80%4 854
WALMART INC.-1.01%397 891
AHOLD DELHAIZE N.V.24.17%34 627
THE KROGER CO.26.26%29 820