Earnings release
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PRESS RELEASE 20 October 2021 METRO SALES IN Q4 2020 / 21 EXCEED PRE - PAN DEMIC LEVEL ( Q4 2018/19 ) The strong recovery continues in Q4 2020/21 : Sales grew by 9.9 % 1¹ versus previous year O METRO ( in EUR : by 9.5 % to € 7.1 billion ( Q4 2018/19 : € 6.9 billion ) ) Sales in Western and Eastern Europe are above pre - pandemic level ( Q4 2018/19 ) FY 2020/21 sales with 0.0 % ¹ or -0.4 % adjusted for first time consolida tions at the upper end of the guidance ( -0.5 % to -3.5 % ) Adjusted EBITDA is also expected at the upper end of the guidance range³ Düsseldorf , 20 October 2021 - According to preliminary and unaudited figures , METRO AG's sales increased by 9.9 % ¹ in Q4 2020/21 . Western and Eastern Europe as well as METRO group achieved sales above the pre - pandemic level . The positive development in the individual quarter is also reflected in the FY 2020/21 , although it still falls short of the pre - pandemic level . Thus , the sales development for the financial year is 0.0 % ¹ or -0.4 % adjusted for first time consolidations2 . " After a strong recovery in the second half of the financial year , we finished the past finan cial year at the upper end of the sales guidance . The adjusted EBITDA is also ex pected to reach the upper end of the guidance range³ . Our multichannel approach was a clear advantage here . Especially in the months marked by unstable pan demic conditions , the combination of flexible stores , delivery business and digital solutions , convinced our customers , " said Dr Steffen Greubel , CEO of METRO AG . " It shows once again that our targeted investments in market share gains as well as service and product quality are paying off . Therefore , we will continue to invest in growth , among other things by expanding our sales force . We have laid the foundation for significant and structural growth in the future . " Sales consistently above pre - pandemic levels since June In Q4 of financial year 2020/21 , METRO continued to significantly increase its sales by 9.5 % to € 7.1 billion . Sales in local currency rose by 9.9 % . The recov ery in HoReCa demand that already started in the course of Q3 also continued in Q4 . With the multichannel approach ( stores , delivery business , digital solu tions ) METRO was able to profit disproportionately from this development . The main positive contributors to sales growth¹ were Western Europe with 11.8 % , Eastern Europe with 15.2 % , Asia with 11.3 % and Russia with 6.6 % sales growth . In Germany , sales to HoReCa customers grew double - digit , but could not offset the declines in the other customer groups , among others due to re duction of tobacco business . 1 Exchange - rate adjusted . 2 Guidance view : constant portfolio , adjusted for first time consolidations Aviludo Group and Davigel Spain . 3 € + 50 million to € -75 million exchange - rate adjusted versus previous year . METRO AG Metro - Straße 1 40235 Düsseldorf , Germany PO Box 230361 40089 Düsseldorf , Germany T +49 211 6886-4252 www.metroag.de presse@metro.de @METRO_News Supervisory Board : Jürgen B. Steinemann , Chairman Management Board : Dr Steffen Greubel , Chairman Christian Baier , Andrea Euenheim , Rafael Gasset , Eric Poirier 1-3 Registered office in Düsseldorf HRB No. 79055 Commercial register of Düsseldorf Local Court