petak, 27.08.2010.
Metro expects difficult year in 2009
Metro expects difficult year in 2009
The growth dynamics of the retail group Metro has eased in the fourth quarter of 2008. For the full year was indeed still a sales increase of 5.9 percent. Metro, however, had a growth of over 6 percent announced.
Sales in the fourth quarter rose by three percent to 20.1 billion euros
significantly slower than in the first nine months, sales for 2008 rose to 68 billion euros. Also for the result, Metro was a bit more pessimistic than before. The growth in profit before interest and taxes (EBIT) would be expected at the level of sales growth, said the group, having been a plus before special effects from six to eight percent in view had been made.
Metro to include the Galeria Kaufhof department store chain, electronics markets Saturn and Media Markt and the Real supermarket chain. 2008 was a "challenging year was" to trade, accounted for the CEO Eckhard Cordes. "The macroeconomic environment" in the course of the fourth quarter continued to deteriorate dramatically, he added. In contrast, the Christmas business in Germany a "have all shown in all satisfactory" progress.
The outlook for the current year also remained subdued. "2009 will be" a very difficult year, "said Cordes. So imagine the entire Metro cost to the test. The investment budget would be reduced to a maximum of 1.6 billion euros. In presenting the nine-month reduced the Metro investment had already been to two billion euros.
The positive result is also due to the good sales of Media Markt and Saturn. Here, sales rose in 2008 rose by 8.9 percent to 19.0 billion euros, growth was well above the market. Especially in the Christmas season were game consoles and accessories, notebooks and TVs, according to Metro’s most popular products.
Metro had a negative development with its Kaufhof department stores suffered, which saw revenues declined compared to 2007 by 1.1 percent to 3.5 billion euros. It was not until late October announced Metro, Kaufhof group, despite the difficult economic situation, not to sell the time being.
Total Metro expanded with 124 new stores, including 40 metro markets alone, and 70 electronics stores. In contrast, Real Retail ten sites were closed at Kaufhof did not change the situation. Total Metro operates according to its own information now in 2195 locations in 32 countries and employs 290,000 people.
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