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. 
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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 
Europe. 
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. 
Contact: 
METRO AG 
Sabrina Ley 
Director Investor Relations 
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27-Jul-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and 
Press Releases. 
Archive at www.dgap.de 
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Language:     English 
Company:      METRO AG 
              Metro-Straße 1 
              40235 Dusseldorf 
              Germany 
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 
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1222096 27-Jul-2021 CET/CEST


 
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(END) Dow Jones Newswires

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