Metro : Quarterly Statement Q1 2020/21

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2

CONTENT

3 Summary

• 5 Overview

• 5 Interim Group management report

  5 Earnings, financial and asset position of the Group

  7 METRO segments

  9 Outlook

• 10 Condensed interim financial report

  10 Income statement

  11 Balance sheet

  13 Cash flow statement

• 15 Notes to the condensed interim financial report

  • 15 Segment reporting

  • 16 Notes

• 17 Financial calendar, imprint and disclaimer

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METRO CONFIRMS OUTLOOK FOR FINANCIAL YEAR 2020/21;

Q1 IMPACTED BY COVID-19 PANDEMIC

With the sale of the majority stake in METRO China and the hypermarket business completed in the financial year 2019/20, the differentiation of reporting into continuing and discontinued operations in accordance with IFRS 5 will no longer apply from the financial year 2020/21 onwards. The following presentations in the reporting year therefore relate to the group units that were reported as continu-ing operations in the previous year.

Q1:

Sales in local currency decreased by -11.2%. Like-for-like sales declined by -11.3%. Reported sales de-creased by -16.0% to €6.3 billion.

Adjusted EBITDA (excluding transformation costs and earnings contributions from real estate transac-tions) was €376 million (Q1 2019/20: €526 million ). In Q1 2020/21 transformation costs of €2 million (Q1 2019/20: €0 million) were incurred. Earnings contributions from real estate transactions amounted to €25 million (Q1 2019/20: €1 million). EBITDA reached €399 million (Q1 2019/20: €527 million )

EBITDA adjusted for currency effects was €-114 million or -23% below the previous year

Profit or loss for the period attributable to METRO shareholders in Q1 2020/21 reached €99 million; in Q1 2019/20, the profit or loss for the period from continuing operations amounted to €121 million and from discontinued operations €-155 million

Earnings per share in Q1 2020/21 dropped to €0.27; in Q1 2019/20 earnings per share from continuing operations amounted to €0.33 and from discontinued operations to €-0.43

Net debt was reduced to €3.8 billion (31/12/2019: €5.0 billion)

Sales and EBITDA outlook for the financial year 2020/21 confirmed

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OVERVIEW

Q1 2020/21

Q1	Q1
€ million	2019/20	2020/21	Change
Sales	7,548	6,337	-16.0%
Adjusted EBITDA	526	376	-28.6%
Transformation costs	0	2	-
Earnings contributions from real estate transactions	1	25	-
EBITDA	527	399	-24.4%
EBIT	327	200	-38.7%
Earnings before taxes EBT	276	159	-42.4%
Profit or loss for the period from continuing operations¹	121	99	-18.4%
Earnings per share from continuing operations (€)	0.33	0.27	-18.4%
Profit or loss for the period¹	-34	99	-
Earnings per share (€)	-0.09	0.27	-
¹ attributable to METRO shareholders