METRO AG signs corporate declaration on Climate Action Plan 2050 for Germany

  • The Plan falls in line with METRO GROUP’s own climate action goals for 2030 and with the goals of the Paris Climate Change Conference
  • Strong signal for an ambitious and concrete Climate Action Plan that offers sufficient planning security for companies
  • Climate action creates jobs and makes companies fit for the future
  • 41 companies and associations from industry and trade sign Climate Action Plan Declaration

Düsseldorf, 2016-Nov-08 — /EPR Retail News/ — METRO AG, together with 40 companies and associations from industry and trade, signed a corporate declaration on the draft of the Climate Action Plan 2050 for Germany. With this move, METRO GROUP not only supports the efforts for enhanced energy efficiency in Germany, but also consistently pursues its own commitment to climate protection. According to its climate protection goal for 2030 announced in late 2015, METRO GROUP plans to curb its carbon dioxide output per square meter of sales floor by 50 percent as compared to 2011 by means of company-wide energy efficiency measures, use of natural coolants and in-house production of renewable energy.

“The responsible use of natural resources to protect the climate represents a central element of our sustainability strategy. We are convinced that climate action in addition also creates jobs and enhances the competitiveness and sustainability of companies”, says Heiko Hutmacher, Chief Human Resources Officer of METRO AG and board member responsible for Sustainability. “For us, signing the Climate Action Plan 2050 Declaration is, to some extent, also a confirmation of our own ambitious climate action targets and of our efforts in this field to date”.

METRO GROUP this year again made it to the top rankings for the retail sector of the leading international indices Dow Jones Sustainability World and Europe. Moreover, it is also the sector leader of the “Carbon Disclosure Project 2016 Consumer Goods” in the DACH region. Energy saving investments, especially into modern and highly efficient lighting fixtures, use of daylight and refrigeration units as well as meanwhile more than 100 wholesale stores using CO2 refrigeration technology and the extension of photovoltaic systems on the roofs of wholesale stores in China, Turkey, Germany, Spain and Italy, have contributed to this achievement. In the financial year 2015/16 just ended, METRO was able to launch its first “green cash & carry store” in Dongguan, China. In the Russian city of Nizhny Novgorod, the company is operating a combined heat and power plant in cooperation with EON. A few weeks ago, METRO Cash & Carry Germany, Real, Media-Saturn and further METRO GROUP entities, together with Galeria Kaufhof, founded the energy efficiency network “Handel im Wandel” (retail in transition) with the aim of saving 100 gigawatt hours until 2018.

The Climate Action Plan is to give companies a basis for action to become international leaders with sustainable innovations and to thereby optimally use the economic opportunities offered by climate action. METRO AG, together with the supporters and co-signatories of the declaration, states that companies need planning security to be able to move forward in terms of climate action and energy transition. That is why it is important that the Climate Action Plan with its clear climate target is aimed at the upper end of the present target sector of an 80 to 95 per cent reduction of the greenhouse gas emissions until 2050. Moreover, sector targets for 2030 should be specified to allow for the development of concrete decarbonisation plans and new business models. In addition, the declaration stipulates that the Climate Action Plan should draw the pathway to a significantly enhanced energy efficiency and a quick shift towards 100 per cent renewable energy.

The statement endorsed by 41 companies and trade associations will be published on 9 November in view of the planned cabinet resolution on the Climate Action Plan and just ahead of the entry into force of the Paris Agreement on 4 November.

METRO GROUP W&FS Co.

The METRO GROUP Wholesale & Food Specialist Company (W&FS Co.) is an internationally leading specialist in wholesale and food retail. With its sales lines METRO Cash & Carry and Real as well as its other associated companies, METRO GROUP W&FS Co. operates in 35 countries and employs more than 112,000 people around the world. In 2014/15, METRO GROUP W&FS Co. achieved sales of around €37 billion. The company provides custom solutions to meet the regional and international needs of its wholesale and retail customers.

For more information, please visit www.metrogroup.de

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METRO AG
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Source: METRO GROUP

METRO AG prepares demerger into two independent and sector focused companies: Wholesale and Food Specialist group, and Consumer Electronics group

  • Creation of two independent, stock-listed companies as market leaders in their respective sectors
  • Separation of METRO GROUP into a Wholesale and Food Specialist group, and a Consumer Electronics group
  • Both companies with improved focus, quicker decision making processes, more flexibility and improved operational efficiency
  • CEO Koch: “The creation of two independent companies would be the logical next step in the transformation of our business towards more growth, customer centricity and entrepreneurship.”
  • Aimed for completion until mid-2017

Düsseldorf, Germany, 2016-Apr-02 — /EPR Retail News/ — The Management Board of METRO AG is preparing the creation of two independent and sector focused companies through a demerger of the group: A Wholesale and Food Specialist group, as well as a Consumer Electronics products and services group. Both entities would become individually stock-listed, with their own distinct profile, Management and Supervisory Boards. The aim would be to give each of the companies and their respective management full control over their corporate strategies. This will further increase customer focus, accelerate growth of the businesses, simplify structures and improve time-to-market and operational excellence. Moreover, both entities would be able to independently pursue acquisition and partnership strategies, enabling them to define their own expansion strategies.

Management and Supervisory Boards will make a decision on the contemplated demerger of METRO GROUP after a period of intensive consultation and review. Should ongoing assessments prove to be positive and the shareholders vote in favor, the implementation of the demerger is aimed for mid-2017.

“Over the past years, we have successfully revitalized our core businesses while significantly strengthening our group balance sheet,” said Olaf Koch, CEO of METRO AG. “Both our Wholesale and Food Specialist business as well as our Consumer Electronics business have continued to commercially improve, are on a steady successful path and are best-equipped for an independent future. Our shareholders would effectively own two well positioned market leaders, both of whom are increasingly focusing on their respective business areas and are generating more value for customers, employees and business partners.”

The demerger would see METRO AG separated into two independent businesses: A Wholesale and Food Specialist group (comprising METRO, MAKRO and their associated entities as well as Real) and a Consumer Electronics products and services group (comprising Media-Saturn and its portfolio of strong formats and brands). The two businesses currently have very limited operational overlap and very limited synergies.

Subject to the approval of the respective Supervisory Boards, it is intended that the Wholesale and Food Specialist entity would be run by Olaf Koch, currently CEO of METRO AG, while the Consumer Electronics group would be headed by Pieter Haas, currently member of the Management Board of METRO AG and CEO of Media-Saturn. Other board positions have yet to be decided. The implementation of the demerger is targeted by mid-2017, subject to customary approvals. METRO AG’s anchor shareholders Haniel, Schmidt-Ruthenbeck and Beisheim support the intention of METRO AG’s Management Board for a demerger into two independent companies.

Jürgen Steinemann, Chairman of the Supervisory Board of METRO AG, said: “I feel very strongly that a split into two independent and focused businesses would be in the best interest of all stakeholders, as it would facilitate a significant opportunity for faster and more profitable growth. Having discussed it in great depth, I fully support the initial results of the review conducted by the Management Board.”

The demerger would be executed through a spin-off of METRO Cash and Carry, Real and other related businesses and services companies from current METRO AG, which would subsequently fully focus on the consumer electronics sector under a new company name. This would enable both entities to strengthen their focus on the initiated transformation and innovation programs, while pursuing corporate development into significantly broadened spheres. It would also make the distribution and utilization of investment capital in both of the new entities clearer.

It is envisaged that METRO AG shareholders would receive shares in both companies in proportion with their existing holdings. Following final decisions by the Management Board and the Supervisory Board, shareholders would be invited to a General Meeting in order to discuss and vote on the proposed demerger. An analysis of current company structure, governance, growth opportunities, legal and tax consequences and financial aspects has shown that, from a shareholder perspective, the proposed demerger would be commercially beneficial.

The creation of two independent organizations has been made possible by the successful transformation of METRO GROUP and its business segments over the past few years. METRO Cash & Carry has delivered ten consecutive quarters of like-for-like growth and improving earnings, despite a challenging environment. Media-Saturn has achieved six consecutive quarters of like-for-like growth, an all-time high market share and strong earnings in the last fiscal year. Both businesses now have strong financial profiles and significant growth as well as value potential. Recent successes have been achieved through a strong customer focus and continued efforts to tailor the business models to local requirements. With the sale of GALERIA Kaufhof in 2015 and various other changes in the portfolio such as the sale of METRO Cash & Carry Vietnam and Real International over the past years, focus on METRO AG’s core businesses has been enhanced, and the group’s balance sheet strengthened, preparing the grounds for such a change.

METRO GROUP will hold a press conference today at 12:30 p.m. at the “Melia” Hotel in Düsseldorf (Inselstraße 2, 40479 Düsseldorf). It will also be broadcasted live.

METRO GROUP is one of the most important international retailing companies. It generated sales of some €59 billion in financial year 2014/15. The company operates over 2,000 locations in 29 countries and employs more than 220,000 people. The performance of METRO GROUP is based on the strength of its sales brands, which act independently on the market: METRO/MAKRO Cash & Carry, the international leader in the self-service wholesale trade; Media Markt and Saturn, the European market leader in consumer electronics retailing; and Real hypermarkets.

Contact Media Department

Telephone: +49 211 6886-4252
Telefax: +49 211 6886-2001

E-Mail METRO GROUP: presse@metro.de

The Local Court in Düsseldorf appointed Gwyn Burr as member of the Supervisory Board of METRO AG

Düsseldorf, Germany, 2014-12-16 — /EPR Retail News/ — The Local Court in Düsseldorf appointed Gwyn Burr (51), former executive manager at Sainsbury’s, as member of the Supervisory Board of METRO AG. In this function, she succeeds Baroness Lucy Neville-Rolfe who had been appointed Undersecretary of State at the British Department for Business, Innovation & Skills in summer 2014 and therefore had to resign from her position on the Supervisory Board of METRO AG.

“Gwyn Burr is an acknowledged retail expert. Her more than 25 years of experience in top management positions with various British retail companies will be a very valuable addition to the Supervisory Board of METRO AG”, said Franz Markus Haniel, Chairman of the Supervisory Board of METRO AG.

Burr served on the Management Board of the British retailer Sainsbury’s PLC until April 2013 with responsibility for Marketing, Own Brands, Communication and CSR as well as Customer Service. Before that, she held various management positions with the Walmart subsidiary Asda. In addition, she holds non-executive board mandates with various British companies.

Gwyn Burr’s appointment by the Local Court will expire at the end of the annual general meeting of METRO AG scheduled for 20 February 2015. A continuation as a member of the Supervisory Board of METRO AG will be determined by vote of the general meeting.

METRO GROUP is one of the largest and most important international retailing companies. In the financial year 2013/14 it generated sales of around €63 billion. The company operates around 2,200 stores in 31 countries and has a headcount of around 250,000 employees. The performance of METRO GROUP is based on the strength of its sales brands that operate independently in their respective market segments: METRO/MAKRO Cash & Carry – the international leader in self-service wholesale – Media Markt and Saturn – the European market leader in consumer electronics retailing – Real hypermarkets and Galeria Kaufhof department stores.

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METRO AG extends contract of CEO Olaf Koch

Düsseldorf, Germany, 2014-9-25— /EPR Retail News/ — The Supervisory Board of METRO AG has, as expected, extended in today’s meeting the contract of the Chief Executive Officer Olaf Koch with unanimous vote. Koch’s current contract, which is running until September 2015, will be renewed until September 2018, the Duesseldorf based retailing and trading group announced on Wednesday.

“The Supervisory Board would like to thank Olaf Koch for his dedication and achievements in the past years,” said Franz Markus Haniel, Chairman of the Supervisory Board of METRO AG. “Under the leadership of Olaf Koch decisive measures for the new positioning of METRO GROUP have been taken. We increasingly see the success of the transformation and have full trust in Olaf Koch and his management team to continue successfully the path already taken.”

Olaf Koch started as Chief Financial Officer of METRO AG in 2009 and took over as CEO in January 2012. During his current term as CEO the sales lines of the company – METRO Cash & Carry, Media Markt, Saturn and Redcoon as well as Real and GALERIA Kaufhof – have been directed towards a stronger customer orientation as well as adapted to the changing environment due to the increase of online sales. Also the company started to consequently withdraw from business areas without sufficient income or growth potential.

METRO GROUP is one of the largest and most important international retailing companies. During the financial year 2012/13 (pro forma), it generated sales of about €66 billion. The company operates around 2,200 stores in 31 countries and has a headcount of around 250,000 employees. The performance of METRO GROUP is based on the strength of its sales brands that operate independently in their respective market segments: METRO/MAKRO Cash & Carry – the international leader in self-service wholesale – Media Markt and Saturn – the European market leader in consumer electronics retailing – Real hypermarkets and Galeria Kaufhof department stores.

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