METRO GROUP invests in mobile payment and customer engagement platform Yoyo Wallet

Düsseldorf, 2017-Jun-27 — /EPR Retail News/ — METRO GROUP invests in the London-based start-up Yoyo Wallet, a fast growing mobile payment and customer engagement platform operating in the European market. Founded in 2013, Yoyo provides a combination of fast and simple-to-use mobile payment, ordering, and personalised loyalty and reward programs, all backed by an analytics and campaign platform for retailers. The investment has been led by the investment arm of METRO’s digital unit and demonstrates its continued strategy to back digital business models helping hospitality and retail businesses improve their earnings potential through advanced digital tools. The round was supported by other financial investors and completion is subject to certain normal closing conditions and approval by the Financial Conduct Authority (FCA).

“Yoyo has convinced a growing number of customers to deploy its data-driven payment and loyalty marketing solutions, including most recently, Caffè Nero, the third largest coffee retail chain in the UK. With its strong track record of deploying digital technology at the customer interface, Yoyo’s solution can have a meaningful positive impact on a wide spectrum of retail businesses, in particular in the food and beverage segment. As digitization becomes mainstream in hospitality, Yoyo’s technology is a strong candidate for currently untapped market segments. As part of our engagement, METRO intends to contribute to this deployment,” says Hansjörg Sage, General Manager at the digital unit of METRO GROUP.

Yoyo’s technology allows retailers of all sizes to provide their customers with a best-in-class branded mobile experience, whilst customizing their offerings from an array of available Yoyo services. Besides quick and efficient mobile payment, these include personalised loyalty programs and reward schemes, as well as pre-ordering and order- and/or pay-at-table. As a consequence, retailers benefit from increased check-out speed, lower cash handling costs, whilst being able to get to “know” their customers and provide targeted rewards and offers on their customer’s phone, either at point of sale, or at any point of time through the customer relationship. These advantages are particularly applicable in quick service cafes, restaurants, pubs and bars as well as in convenience store environments.

“Yoyo is now delivering proven benefits to a rapidly growing number of retailers and their customers in universities, corporate campuses and on the high street. We know consumers are spending more than three hours a day on their smartphones and we also know 40% buy more when subject to a personalised shopping experience. Yoyo simply provides retailers with an accessible way of tapping into these behaviours,” said Alain Falys, Co-Founder and CEO of Yoyo Wallet. “This new funding will allow us to provide the benefits of mobile payment, customer identification and engagement to a wider array of retailers, large and small, in the UK and across Europe. We could not have found a better combination of Investors to support us through this next stage of growth.”

James Hook, Partner at METRO GROUP’s digital unit and to-be-elected board member of Yoyo Wallet, said: “we are delighted to be supporting Yoyo in its ambition to become the leading digital mobile payment and customer engagement platform. We are looking forward to working together with Alain and the rest of the Yoyo team to help support the development of Yoyo’s business.”

The METRO GROUP Wholesale & Food Specialist Company (W&FS Co.) is a leading international player in wholesale and foodservice distribution. 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 150,000 people around the world. In 2015/16, 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.

Yoyo Wallet is one of the fastest growing and largest multi-retailer mobile wallets in the UK. Founded in 2013 by Alain Falys, Michael Rolph and Dave Nicholson, it was recently chosen by Marketing Week as one of the Top 100 Disruptor Brands and by KPMG as one of 50 FinTechs to watch globally. Now in its 4th year, Yoyo Wallet powers retailer experiences across the UK on the high street, in universities and in corporate locations. To find out more, please contact andy@yoyowallet.com or visit http://www.yoyowallet.com/retailers/

Contact:
METRO AG
Corporate Communications
Metro-Straße 1
40235 Düsseldorf

Phone +49 (0) 211 68 86-42 52
Fax +49 (0) 211 68 86-20 01

www.metrogroup.de
presse@metro.de
@Metro_Comms

Source: METRO GROUP

METRO GROUP and Yoma Strategic Holdings partner to develop one stop food distribution platform in Myanmar

Düsseldorf, 2017-Feb-28 — /EPR Retail News/ — METRO GROUP Wholesale & Food Specialist Company announces its joint venture partnership with the Singapore-listed Myanmar-focused Yoma Strategic Holdings Ltd. to develop a one stop food distribution platform in Myanmar. According to the agreement, METRO will take an 85% stake in the newly established joint venture called METRO Wholesale Myanmar Ltd., with the remaining 15% shares owned by Yoma Strategic Holdings.

“I’m pleased that METRO is now entering Myanmar, such a promising market that offers abundant opportunities for our B2B wholesale business. The establishment of the joint venture with Yoma Strategic Holdings marks an important step for this meaningful expansion”, said Olaf Koch, Chairman of the Management Board of METRO AG. “We are convinced that METRO’s proven expertise in areas such as food safety and supply chain management will strongly contribute to the development and upgrade of the local supply and distribution infrastructure.”

As the first step, METRO will open a depot for wholesale distribution located in Yangon’s Thilawa Special Economic Zone, with the construction work scheduled to start in March 2017, and the depot is expected to open in beginning of 2018. By focusing on a pure delivery model instead of constructing a classic brick and mortar store METRO underlines the increasing strategic importance on food service distribution and efficient use of investment which will be in the low double-digit EUR million range for Myanmar.

METRO’s efficient one stop wholesale distribution platform will be a solution for a market which at current is fragmented, with retailers often having to source their products through a complex mix of local retail and wholesale distributors as well as importers. From this platform over 3,300 food and non-food high quality products as well as customized services will be delivered to the professional customers including hotels, restaurants, catering firms, independent small retailers and offices. It aims to effectively address the evolving needs of the local professional customers, who now increasingly seek products of consistently reliable quality and good value. In addition to exploring its own unique sourcing expertise and channels to secure high quality products, METRO will leverage on Yoma Strategic Holdings’ logistics and warehousing infrastructure to facilitate the key supply chain build-up for Myanmar. “We are confident that our partnership with METRO will bring global know-how in modern wholesale distribution and contribute to bringing reliable and safe food to the people of Myanmar”, said Melvyn Pun, Yoma Strategic Holdings’ Chief Executive Officer.

In many countries of its operations, METRO works very closely with the local community to improve the food safety through series of dedicated and tailored training programs for the farmers and producers. This approach will be applied too in Myanmar to make joint efforts with various stakeholders to support the improvement of the food safety. After careful analysis, trainings will be developed and carried out to equip local farmers with necessary awareness, knowledge and skills in the areas such as production, harvesting, processing and packaging. Trained and qualified farmers will contribute to an efficient, sustainable and reliable supply chain of METRO Myanmar but also the overall well-being of the community.

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 150,000 people around the world. In 2015/16, 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. More information is available at www.metrogroup.de and https://wfsco.metrogroup.de/

Listed on the Main Board of the Singapore Securities Exchange Trading Limited (SGX-ST), Yoma Strategic Holdings Ltd. is a leading business corporation with a diversified portfolio of businesses in Real Estate, Consumer, Automotive & Equipment, and Investments in Myanmar. Together with its partner, the SPA Group, the Group is taking a conglomerate approach to build a diversified portfolio of businesses in Myanmar. The Company was ranked in the top 10% of the Governance and Transparency index for three consecutive years (2014 – 2016), ranked 17th out of top 100 largest Singapore companies in the Asean Corporate Governance Scorecard 2015 and won the Best Managed Board (Gold) Award at the Singapore Corporate Awards in 2016. More information is available at www.yomastrategic.com

Contact:
METRO AG
Corporate Communications
Metro-Straße 1
40235 Düsseldorf

Phone +49 (0) 211 68 86-42 52
Fax +49 (0) 211 68 86-20 01

www.metrogroup.de
presse@metro.de
@Metro_Comms

Source: METRO GROUP

French Food Service Distribution specialist Pro à Pro now formally owned by METRO GROUP

Düsseldorf/Halle (Belgium), 2017-Feb-06 — /EPR Retail News/ — Today (1 February 2017), the acquisition of Pro à Pro by METRO AG Wholesale & Food Specialist Company was officially closed. With this step, the French Food Service Distribution (FSD) specialist for professional customers now formally belongs to METRO GROUP. In the run-up to the closing, the transaction was approved by the French Competition Authority (FCA).

“We are delighted to commence operations with Pro à Pro. This acquisition will further strengthen our FSD profile for professional customers and our overall wholesale positioning in France”, said Philippe Palazzi, Member of the Operating Board of METRO Cash & Carry and Operating Partner France, Spain and Portugal.

In July 2016, METRO GROUP announced that it had signed an agreement with Colruyt Group to acquire Pro à Pro. Pro à Pro is one of the most important FSD providers in France offering direct food delivery services to a range of different customer groups. The company has around 42,000 customers in France and focuses on canteens in the public and private sector as well as major contract caterers, chained and independent restaurants. In 2015, Pro à Pro generated sales of around €670 million.

Dries Colpaert, General Manager of Colruyt France and Foodservice: “The transaction is very good for the customers, employees and all other stakeholders of Pro à Pro. Indeed, with METRO GROUP’s support Pro à Pro can become one of the leading foodservice distribution providers in France.”

The transaction comprises the operational business as well as the warehouse locations, logistics platforms and the truck fleet of Pro à Pro. The brand Pro à Pro will be fully retained.

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 150,000 people around the world. In 2015/16, 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. More information is available at www.metrogroup.de and https://wfsco.metrogroup.de/

Contact:
METRO AG
Corporate Communications
Metro-Straße 1
40235 Düsseldorf

Phone +49 (0) 211 68 86-42 52
Fax +49 (0) 211 68 86-20 01

www.metrogroup.de
presse@metro.de
@Metro_Comms

Source: METRO GROUP

METRO GROUP presents its achievements in sustainability at its Corporate Responsibility Report 2015/16

  • METRO GROUP shows with Corporate Responsibility Report 2015/16 improvements in sustainability
  • Stakeholder survey and materiality analysis bases for the report
  • Independent auditing of the report to emphasize transparency and credibility

Düsseldorf/Berlin, 2016-Dec-22 — /EPR Retail News/ — Since 2010, METRO GROUP has subscribed to the principles of the UN Global Compact, a United Nations-led global initiative that aims to encourage businesses to adopt universal sustainability principles. By subscribing to the United Nations Global Compact, METRO GROUP has committed itself to continuous improvements in the areas of human rights, labour standards, environmental protection and anti-corruption measures. With the Corporate Responsibility Report 2015/16 at hand, METRO GROUP informs about measures and improvements that have been reached in the field of sustainability during the latest financial year. Besides METRO GROUP’s and its sales lines’ sustainability guidelines, numerous examples can be found for how the theme of sustainability is anchored in the daily business. That’s how METRO GROUP is today already acting for tomorrow.

We have set clear priorities in the last several years and are happy to see the progress and success we’ve already reached. Together with our employees, customers and partners, we continue to focus on the issues that make a real difference in sustainability. „Materiality“ is therefore also the guiding theme of this year’s Corporate Responsibility Report – because we want to engage most intensively in the topics that are most essential to all stakeholders.“ states Heiko Hutmacher, as member of the management board responsible for sustainability. The focus on the essential is also what ultimately unites the protagonists featured in this report. METRO GROUP introduces people who not only develop sustainable ideas, but who, through their dedication, also motivate others to contribute to sustainability.

This Corporate Responsibility Report 2015/16 was prepared in accordance with the guidelines of the Global Reporting Initiative (GRI G4) and fulfils the “Core” option. To emphasize the credibility and transparency of the sustainability reporting, all contents of the Corporate Responsibility Report 2015/16 have undergone an audit by KPMG AG Wirtschaftsprüfungsgesellschaft in accordance with ISAE 3000.

METRO GROUP is one of the most important international retailing companies. It generated sales of some €58 billion in financial year 2015/16. The company operates at more than 2,000 locations in 29 countries and employs some 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.

More information is available at www.metrogroup.de

Contact:
METRO AG
Corporate Communications
Metro-Straße 1
40235 Düsseldorf

Phone +49 (0) 211 68 86-42 52
Fax +49 (0) 211 68 86-20 01

www.metrogroup.de
presse@metro.de
@Metro_Comms

Source: METRO GROUP

METRO GROUP: the Wholesale and Food Business to be called METRO; the Consumer Electronics division to be called CECONOMY

  • New company names published: It is intended that, in the future, the METRO GROUP Wholesale and Food Specialist Company will be called METRO, the METRO GROUP Consumer Electronics Company will be called CECONOMY
  • Two focused, independent companies present their equity stories at the Capital Markets Day
  • After effective date of the demerger, both companies expected to qualify for the MDAX
  • Management teams confirm planned dividend continuity
  • Separation at ratio of 1:1: it is proposed that each shareholder of the former METRO AG will receive one share of the new METRO AG in addition to the METRO (future CECONOMY) share

Düsseldorf, 2016-Dec-20 — /EPR Retail News/ — Through its planned demerger, METRO GROUP is launching two strong, successful and strategically focused companies. For the first time, the Wholesale and Food Specialist and the company focused on Consumer Electronics are set to present their strategies as independent entities. At the Capital Markets Day in Düsseldorf, company names and brand positioning will be presented for the first time: It is intended that, in the future, the Wholesale and Food Business will operate under the corporate brand METRO, while the Consumer Electronics division will operate under the brand CECONOMY.

“Today, two dynamic companies with the best positioning in their sectors will introduce themselves. Each of these companies has established a strong and future-proof strategic, operative and financial position – and as independent companies we will set our course for sustainable and healthy growth,” said Olaf Koch, Chairman of the Management Board of METRO AG, at the Capital Markets Day in Düsseldorf. “Our Wholesale and Food business is already one of the leading international companies, and we will gain momentum in all 35 countries in which we operate our store-based and delivery business.”

Pieter Haas, designated CEO of the future CECONOMY, said: “We are the number one in European Consumer Electronics and we have created an excellent starting position for our upcoming independence through a comprehensive realignment. We currently generate €22 billion in annual sales and have nearly two billion customer contacts each year. All our stores are now fully digitised and integrated into our multichannel strategy. We combine the emotional shopping experience in our stores with the benefits of digital technologies. With our products and services, we are present for our customers on all channels and we are their partner and daily companion in an increasingly digitising world. We are ready! I am convinced that our best years are yet to come.”

Wholesale and Food business: Realignment offers ideal conditions for continued appreciation in value

The new METRO AG is an internationally leading specialist in wholesale and food retail and primarily comprises METRO Cash & Carry and Real, in addition to delivery specialists and other companies. METRO is active in 35 countries with local wholesale companies and delivery specialists (Classic Fine Foods, Rungis Express, Pro à Pro, Midban). This business has attained an excellent position in its markets, both through its leading role in the self-service wholesale trade, but also through a growing presence in the delivery business. In financial year 2014/15, METRO Cash & Carry introduced a new operating model to increase growth and sales. It gives far more entrepreneurial freedom to the individual countries and allows for greater customer focus. METRO profited from the focus on increased customer value; for 13 quarters in a row, like-for-like sales have increased and profitability has improved substantially.

The second activity under the new roof is Real, a leading large-scale full-range supplier (hypermarket) in the food retail sector in Germany. Real operates 285 hypermarkets in Germany. Following a phase of consolidation, Real has created the economic framework for future growth, particularly by implementing new market concepts, an agreement with the trade union and procurement cooperation with Markant and PHD. As a benchmark for the distribution of dividends, the future METRO AG confirmed a targeted range of 45 to 55% of the company’s earnings per share.

Largest supplier of consumer electronics in Europe is well-positioned for further growth and increased profitability

Separation of the companies at a ratio of 1:1 – MDAX qualification expected for both companies

While it is intended that the former METRO AG will continue to exist as future CECONOMY AG and will constitute the Consumer Electronics business, it is planned that the Wholesale and Food Specialist will be spun off as an independent, stock-listed company and will operate under the established name of METRO. The separation of METRO GROUP into two independent companies will be proposed to the shareholders at a ratio of 1:1. Hence, each shareholder of the former METRO AG will receive one share of the new METRO AG in addition to the CECONOMY share. These new shares are entitled to participate in dividends for the financial years starting 1 October 2016. The future CECONOMY will hold 10% of the future METRO AG. 1% of the share capital is paid in return for the transfer of the assets to be spun off; the disposal is blocked for seven years. The remaining 9% also constitutes a purely financial participation and does not involve any managerial role at the future METRO AG. This participation is subject to a customary holding period of six months. CECONOMY is the holding company of Media-Saturn, the European number one in consumer electronics on the basis of its sales of €22 billion (financial year 2015/16), market share, selling space and its 65,000 employees. Media-Saturn is active in 15 European countries and is the market leader in nine of them. All of the more than 1,000 stores have now been made multichannel ready and have been converted to digital technology. In combination with its strong web presence, the company currently reports 5.8 million customer contacts per day. In the past two years, Media-Saturn has increased sales and improved profitability. Media-Saturn intends to utilize its solid financial structure and experienced management to increase internet and online-induced sales in particular, expand its services business and lead consolidation in the sector. In principle, the company intends to base its dividend payment on a payout ratio of 45 to 55% of the earnings per share.

The annual general meeting of METRO AG will vote on this demerger on 6 February 2017. The decision to separate the businesses requires a majority of three-quarters of the share capital of METRO AG represented at the annual general meeting. All three anchor shareholders of METRO AG – together holding almost 50% of the vote – have already indicated their support for the demerger. These anchor shareholders have also agreed to a holding obligation (so-called lock-up) conforming to usual market conditions and other restrictions on disposal.

Right after the effective date of the demerger, all shares of the new METRO AG are expected to be admitted for trading in the Prime Standard of the Frankfurt Stock Exchange; a secondary listing on the Luxembourg Stock Exchange is planned. The Management Board of the former METRO AG expects that both companies will meet the MDAX criteria and will be listed in this market segment. The aim is to achieve Investment Grade Rating for both companies. As a result of the demerger, costs for taxes in the single-digit millions and transaction costs amounting to approximately €100 million are expected to be incurred.

Composition of the Management Boards and the Supervisory Boards

With effect from the date of the separation, probably in mid-2017, the future METRO AG will be managed by a Management Board that will be reduced from five to four members and headed by the Chairman of the Management Board Olaf Koch. The current Board members Pieter Boone (COO) and Heiko Hutmacher (Human Resources) will be joined by Christian Baier, previously CFO of METRO Cash & Carry, as the new CFO. It is intended that the Management Board of CECONOMY will consist of three persons: Besides designated Chairman of the Management Board Pieter Haas and CFO Mark Frese (both Board members at the old METRO AG), it is planned that Dr. Dieter Haag Molkenteller will serve as the Chief Legal and Compliance Officer.

As a result of the demerger of METRO AG, the 20-person strong Supervisory Boards of the companies will also be reconstituted. Some of the current members of METRO AG’s Supervisory Board are expected to be appointed to the new Supervisory Board. As reported, it is planned that the Supervisory Board of the new company METRO AG will be chaired by METRO’s current Chairman of the Supervisory Board Jürgen B. Steinemann. The following persons are designated to become further members of the Supervisory Board and representatives of the shareholders: Gwyn Burr, Dr. Florian Funck, Peter Küpfer, Mattheus P. M. (Theo) de Raad and Dr. Fredy Raas. The remaining shareholder representatives have not yet been appointed at this stage.

As previously reported, it is proposed that Jürgen Fitschen will chair the Supervisory Board of CECONOMY. The independent management consultant Dr. Bernhard Düttmann will be nominated for election at the next annual general meeting in place of Jürgen B. Steinemann who will be stepping down. Dr. jur. Hans-Jürgen Schinzler will remain a member after the spin-off. Regine Stachelhaus will be newly recommended for election to the Supervisory Board. She will be nominated in place of Prof. Dr. Ann-Kristin Achleitner who will withdraw. In place of Gwyn Burr, who will move to the new METRO AG, Julia Goldin, Member of the Executive Board of Lego A/S, Billund/Denmark is nominated for election. In place of Mattheus P.M. (Theo) de Raad, who will also move, British national Jo Harlow, Member of the Board of InterContinental Hotels, is nominated for election. Further proposals have not been finalised at this point.

METRO GROUP is one of the most important international retailing companies. It generated sales of some €58 billion in financial year 2015/16. The company operates at more than 2,000 locations in 30 countries and employs some 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.

More information at www.metrogroup.de

This press release may contain forward-looking statements based on current assumptions and forecasts made by Metro management and other information currently available to METRO. Various known and unknown risks, uncertainties, and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. METRO does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments.

Contact:
METRO AG
Corporate Communications
Metro-Straße 1
40235 Düsseldorf

Phone +49 (0) 211 68 86-42 52
Fax +49 (0) 211 68 86-20 01

www.metrogroup.de
presse@metro.de
@Metro_Comms

Source: METRO GROUP

Unaudited figures: METRO GROUP increased its like-for-like sales by 0.2% in FY 2015/16

Düsseldorf, 2016-Oct-22 — /EPR Retail News/ — According to preliminary, unaudited figures, METRO GROUP increased its like-for-like sales by 0.2% in financial year 2015/16. This means that METRO GROUP has met its financial year sales forecast. Reported sales of €58.4 billion were down on the previous year’s figure by 1.4% due to negative currency and portfolio effects. However, METRO GROUP’s sales in local currency increased by 0.4%. “Financial year 2015/16 was an important one for METRO GROUP,” said Olaf Koch, Chairman of the Management Board of METRO AG. “We made significant progress in transforming the company and are now systematically focusing on customer value. This is also reflected in the positive development of our growth drivers online and delivery. We have achieved our sales target in a somewhat challenging market environment and, on this basis, confirm the guidance for EBIT before special items. The separation of METRO GROUP into a wholesale and food specialist and a consumer electronics group is the next logical step in the transformation process. Spin-off preparations are on track.”

METRO GROUP’s like-for-like sales were on a par with the previous year in Q4 2015/16. Both METRO Cash & Carry and Real increased their like-for-like sales, whereas sales at Media-Saturn declined as a result of decreasing sales at Redcoon and shifting effects. Reported sales at METRO GROUP decreased by 0.5% to €14.2 billion as a result of currency and portfolio effects. Sales in local currency increased by 0.2%.

METRO GROUP continued to significantly expand its online and delivery business, two strategically important and relevant growth areas, in Q4 2015/16. This also enhanced its market position. METRO GROUP believes it is well prepared for the upcoming Christmas business and expects to encounter a favourable market environment.

In Q4 METRO GROUP announced its acquisition of the French food service distribution company for professional customers Pro à Pro. Pro à Pro is one of the most important food service distribution (FSD) providers in France. In particular its customers include hotels, restaurants and caterers. Pro á Pro supplies a total of 42,000 customers in France and focuses on major contract caterers as well as canteens in the public and private sector, chained restaurants and independent restaurants. With this acquisition, METRO GROUP strengthens its French wholesale business in the growth segment FSD and creates an additional offering for the customers of METRO Cash & Carry France. The transaction is expected to be completed in the Christmas Quarter 2016.

Also in Q4 2015/16, METRO GROUP – as minority shareholder – acquired a stake in the start-up “Deutsche Technikberatung”, one of the participants of the first Spacelab Accelerator Program of Media-Saturn. Deutsche Technikberatung regards itself as a “technical support for home users” and offers quick support for technical issues through a network of professional advisors. Selected and specially trained technical advisors assist private customers and small businesses, like for example restaurants, in all aspects relating to the purchase, installation, networking and bug fixing of modern technical devices.

Sales line development in financial year 2015/16

METRO Cash & Carry

METRO Cash & Carry’s like-for-like sales increased in financial year 2015/16 by 0.6%, with this figure increasing in all quarters. Reported sales decreased by 2.3% to €29.0 billion due to the development of exchange rates (primarily that of the Russian rouble) and the sale of activities in Vietnam. By contrast, sales in local currency increased by 0.4%. Sales in the important delivery business rose – also due to acquisitions – by around 18% to €3.7 billion. As a result, the delivery sales share amounted to almost 13%.

METRO Cash & Carry’s like-for-like sales continued to develop positively in Q4 2015/16, climbing by 1.4%. The vast majority of countries in which METRO Cash & Carry operates increased their like-for-like sales. Reported sales came in on prior year’s level of €7.4 billion despite negative currency effects and store disposals. This was also partly due to the acquisitions of Rungis Express and Classic Fine Foods. Sales in local currency even increased by 1.3%. METRO Cash & Carry in Germany slightly increased its sales in both like-for-like and absolute terms in Q4 as well as over the financial year as a whole. Russia also experienced positive development, with the trend improvement leading to slight like-for-like growth in Q4 2015/16.

A total of 22 new stores were opened in financial year 2015/16, with a focus on Russia (5), India (5), China (4) and Turkey (3). A total of 17 of the 22 new store openings were attributable to these countries. Further stores were opened in Belgium, France and Italy (1 each), as well as in Croatia (2). METRO Cash & Carry closed or disposed of 34 stores. These mostly concerned the sale of the activities in Vietnam (19) as well as closures of so-called satellite stores in Poland in particular (11), which were branches for larger stores that have become less significant given the increasing demand for delivery. Further closures affected Kazakhstan, Croatia and Romania (1 each). One store in Germany was closed, but will be used as delivery hub now.

Media-Saturn

Sales at Media-Saturn rose by 0.1% in like-for-like terms in financial year 2015/16. Reported sales grew by 0.6% to €21.9 billion. Adjusted for currency effects, sales increased by 1.6%. Online generated sales by the Media Markt and Saturn sales brands developed extremely positively, rising by roughly 35% over the course of financial year 2015/16. This growth confirmed Media-Saturn’s establishment as a multichannel provider. By contrast, online business that is not integrated as part of operating business declined, due largely to the termination of selected unprofitable wholesale business at Redcoon. Overall, online generated sales rose by approximately 11% and now account for almost 9% of total sales at Media-Saturn, a new record figure.

In Q4 2015/16, like-for-like sales at Media-Saturn decreased by 2.0% from the high previous-year figure. Reported sales were down by 1.0% to €5.0 billion (-0.7% in local currency). Sales in Germany and Western Europe declined, but sales in Eastern Europe were up. Volume markets suffered from a number of negative factors, including delays in the supply of important products. There were also negative reversal effects from the strong sales of new televisions in the run-up to and during the European Football Championship in Q3 2015/16. Furthermore, the decline in business at Redcoon also contributed to a sales decrease in Q4.

In financial year 2015/16, Media-Saturn opened 33 stores and closed 17. Of the store openings, 8 were in Germany, 8 in Turkey, 5 in Poland, 4 in Italy, 2 each in Spain and Russia, and 1 each in Austria, Switzerland, Greece and Hungary. In terms of store closures, 8 were in Russia, 4 in Turkey, 3 in Italy and 1 consumer electronics store each in Germany and Poland. Shortly before stores’ rental agreements are set to expire, Media-Saturn reviews each and their respective terms and conditions and development to be better placed to make a decision on the store’s future.

Real

Sales at Real decreased by 1.1% in like-for-like terms in financial year 2015/16. Reported sales declined, in particular as a result of store closings, by 3.3% to €7.5 billion. Like-for-like sales rose by 0.3% in Q4 2015/16, reflecting once again the positive development here. Reported sales declined by 1.6% to €1.8 billion due to store closures. Successful advertising campaigns resulted in a significant improvement at Real compared to previous quarters. In addition, Real agreed on the key points for a solution to collective bargaining agreements in early June 2016. In financial year 2015/16, the network of Real stores in Germany fell as planned by 8 to 285. A total of 6 Real stores were closed in Q4 2015/16, as planned and announced on a long-term basis.

METRO GROUP is one of the most important international retailing companies. It generated sales of some €58 billion in financial year 2015/16. 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.

For more information, please visit www.metrogroup.de.

Contact:
METRO AG
Corporate Communications
Metro-Straße 1
40235 Düsseldorf

Phone +49 (0) 211 68 86-42 52
Fax +49 (0) 211 68 86-20 01

www.metrogroup.de
presse@metro.de
@Metro_Comms

Source: METRO GROUP

METRO GROUP announces early extension of existing agreement with German Federation of the Tafel food banks

Düsseldorf, 2016-Sep-24 — /EPR Retail News/ — At today’s ( 22 September 2016) reception on the Day of the Tafel Food Bank, METRO GROUP underscored the high priority of its partnership with the German Federation of the Tafel food banks through an early extension of the existing agreement until 2020. With this move, METRO shows its appreciation for a cooperation that has already been running successfully for a decade. The annual Day of the German Tafel Food Banks, a meeting of representatives from the non-profit Tafel organisation as well as friends and sponsors from charities, politics and industry, is held to draw attention to the concerns and achievements of the Tafel food banks, thank its sponsors and donors, and attract new support.

The German Food Bank Federation Deutsche Tafel e.V. acts as the umbrella organisation for the local Tafel food banks in Germany – in total more than 900 across the nation. As its main financial sponsor, METRO GROUP has been supporting the federation in the operation of a professional organisation and in establishing a European network since January 2006. The cooperation with the European Federation of Food Banks, or FEBA for short, will be also pushed forward. For more than 20 years, the sales lines METRO Cash & Carry and Real have been donating food to support the work of the local Tafel food banks on a daily basis. Donations involve products that are still of perfect quality, but can no longer be sold at the stores on account of their approaching best before date.

Heiko Hutmacher, Member of the Management Board and Chief Human Resources Officer of METRO AG, commented: “Retail is a sector that contributes to social cohesion and we at METRO GROUP live up to our responsibilities as a corporate citizen. That is why we are happy and proud that our partnership with the German Federation of the Tafel food banks has been so successful. This is also evident from the fact that our employees, through their personal engagement, organize activities that invite our staff members to get actively involved.” This week, for example, staff working at the METRO Campus in Düsseldorf collected non-perishable food and sanitary products that will be donated to the local Tafel food bank in Düsseldorf as additional support.

One event that has already become a “classic” is the Christmas Charity Meal. For more than a decade, METRO has been offering an entertaining and festive atmosphere for the homeless and people in need of the Düsseldorf Tafel organisation. The food is brought from the company´s canteen and helpful employees take on the service tasks. They organise the processes at the serving counter, serve the food and distribute small seasonal gifts.

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.

For more information, please visit www.metrogroup.de.

Contact:
METRO AG
Corporate Communications
Metro-Straße 1
40235 Düsseldorf

Phone +49 (0) 211 68 86-42 52
Fax +49 (0) 211 68 86-20 01

www.metrogroup.de
presse@metro.de
@Metro_Comms

METRO GROUP’s planned demerger into two independent and stock-listed retail companies underway

Düsseldorf, 2016-Sep-06 — /EPR Retail News/ —  After the successful completion of the analysis phase, the planned demerger of METRO GROUP into two independent, strong and stock-listed retail companies is taking concrete shape: the necessary details with regard to corporate law, tax law and the respective capital structure of the two entities were clarified. Today (5 September 2016), the Management Board of METRO AG, after completion of the reviews, has decided to start with the preparations required for a demerger of METRO GROUP. The Supervisory Board approved the plans on the occasion of an extraordinary meeting held on Monday. Effective from 30 September, the group will be split into two organizationally separate entities on a pro-forma basis.

“In the past months we have intensively analysed the planned split of our group into two strong and focused trading companies”, said Olaf Koch, Chairman of the Management Board of METRO AG. “Now, we are creating the first important prerequisites and will implement the according actions. With the organisational separation, we are taking the first major step towards creating a leading international Wholesale and Food Specialist as well as the European market leader for Consumer Electronics products and services. The developments of the past few months have confirmed our belief that these two entities with hardly any operational overlaps and synergies will be even more successful when operating independently”.

Technically, the group split is achieved by spinning off and separate the Wholesale and Food business (METRO Cash & Carry and Real) as well as other related entities and business activities such as logistics, IT and real estate. The remaining group activities will essentially comprise the roughly 78% majority shareholding in Media-Saturn as well as other affiliated companies.

At the same time, the following key personnel decisions for both new entities are intended: Jürgen B. Steinemann is to retain his mandate as Chairman of the Supervisory Board of METRO AG for the future Wholesale and Food Specialist Group and Jürgen Fitschen, member of the Supervisory Board of METRO AG since 2008, is to assume the office of Chairman of the Supervisory Board of the future Consumer Electronics company. For the positions of Management Board of the Wholesale and Food Group following proposals have been made:

· Chief Executive Officer (CEO): Olaf Koch, as already communicated
· Chief Financial Officer (CFO): Christian Baier, currently CFO METRO Cash & Carry
· Chief Operating Officer (COO): Pieter Boone, currently Member of the Management Board of METRO AG, responsible for METRO Cash & Carry
· Chief Human Resources Officer (CHRO): Heiko Hutmacher; currently Member of the Management Board and CHRO of METRO AG

Following proposals have been made for the Management Board of the Consumer Electronics unit:

· Chief Executive Officer (CEO): Pieter Haas, as already communicated
· Chief Financial Officer (CFO): Mark Frese; currently Member of the Management Board and CFO of METRO AG
· Chief Legal and Compliance Officer (CLCO): Dieter Haag Molkenteller, currently Group Director Legal Affairs & Compliance METRO AG

All Management Board positions have to be approved by the respective Supervisory Boards, the actual confirmation is under the usual reserve of the annual general meeting or relevant supervisory board.

In parallel, METRO GROUP defined the business strategies for the two future entities and also developed clear capital and tax structures for them. The demerger concept was already aligned with the tax authorities. It is expected, that both groups will maintain the “investment grade” rating. An increase in the capital stock of METRO AG is not planned. To strengthen the capital base of the Consumer Electronics company, a 10% shareholding in the Wholesale and Food business is envisaged. In the same way, almost all existing financial liabilities of the group are to be assumed by the Wholesale and Food company. “The new capital structure will give both entities the necessary stability and scope for further growth. Both companies will be endowed with sufficient liquidity”, said Olaf Koch.

In late March 2016, the Management Board of METRO AG had announced that it would examine a split of the group into a Wholesale and Food Specialist company and a company focused on Consumer Electronics products and services as the logical next step in the transformation of the group. Both companies are to be managed as separately listed stock corporations with their own distinct profile, management and Supervisory Boards. The underlying conviction is that, by focusing on their respective industry and customer segment, both companies will be able to develop larger growth perspectives. Both companies stay based in Düsseldorf.

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, the international leader in the self-service wholesale trade; Media Markt and Saturn, the European market leader in consumer electronics retailing; and Real hypermarkets.

For more information, visit www.metrogroup.de

Contact:
METRO AG
Corporate Communications
Metro-Straße 1
40235 Düsseldorf

Phone +49 (0) 211 68 86-42 52
Fax +49 (0) 211 68 86-20 01

www.metrogroup.de
presse@metro.de
@Metro_Comms

Source: Metro Group

METRO to celebrate inaugural Own Business Day on 11 October 2016

Düsseldorf, 2016-Sep-05 — /EPR Retail News/ — Whether it is the cosy café, the family run bed and breakfast or the hairdresser around the corner – small, privately owned businesses, visited by millions of people every single day, play a crucial role in local communities. To pay tribute to their enduring dedication and recognize their accomplishments, METRO is celebrating a special day worldwide. The inaugural Own Business Day is due to be celebrated in all countries in which the company is active on 11 October 2016 and will draw attention to a great number of small businesses who will launch special offers for the public.

“Every day, millions of independent business owners around the world make our lives more colourful and connected through their essential services and enduring passion. They are one of the key social and economic players in our communities and help sustain the meaningful interaction between us,” said Pieter Boone, CEO of METRO Cash & Carry and member of the Management Board of METRO AG. “METRO strives to be the champion for independent businesses, and we want to express our admiration for these business owners with this special day.”

The inaugural Own Business Day will take place on 11 October 2016 in all countries in which METRO operates, targeting all small businesses including 21 million METRO professional customers. The company intends to establish the day as an annual global event scheduled for every second Tuesday of October. The event strives to provide own businesses with the attention and recognition they deserve and support them in building strong networks with others who share their passion. Leading up to 11 October, the activities surrounding Own Business Day will present a variety of special deals and offers, created by all participating businesses on a dedicated online platform that is open to the public in each country.

“We are convinced that with this global campaign and its diversified activities, an even broader recognition of independent businesses will be promoted and the emotional and operational link between these businesses and the public will be further enhanced,” said Philippe Palazzi, Chief Marketing Officer and Operating Partner of METRO Cash & Carry. In preparation for the event, METRO will provide participating business owners with comprehensive support. The online platform at www.own-business-day.com features the most up-to-date information and a growing number of special offers for the local public. Customized marketing support measures vary from country to country to benefit the participants. In some countries, for example, registered business owners will be able to order merchandising material free of charge, provided by the local METRO subsidiaries, to support their own marketing activities. In others, participants will even have access to regular updates on special deals, workshops and promotion material, including supplier and media cooperation.

During the final month leading up to 11 October, a number of promotional campaigns will be intensively carried out across all countries to stimulate more attention among the targeted business owners and the general public. For example, a series of so-called “pop-up shops” are due to be launched in seven selected cities across Europe and Asia. Here, one restaurant owner will set up a provisional but eye-catching spot at a busy downtown location using the banner of Own Business Day and will promote the upcoming event through tasty food and attention-grabbing activities

METRO employees around the world will be engaged as of the beginning of September in a global “#ownie” campaign, in which they will visit small businesses in their neighbourhood and take a selfie-style picture with the owner to show acknowledgement of the owner’s efforts and achievements. This event underscores the company’s culture of staying in touch with its independent business customers and understanding their needs and challenges.

METRO Cash & Carry is represented in 25 countries with over 750 self-service wholesale stores. With a headcount of about 110,000 employees worldwide, the wholesale company achieved sales of around €30 billion in financial year 2014/15. METRO Cash & Carry is a sales line of METRO GROUP. METRO GROUP is one of the largest and most important international retail companies. In financial year 2014/15, it generated sales of around €59 billion. The company operates over 2,000 stores in 29 countries and has a headcount of more than 220,000 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; and Real hypermarkets.

For more information, visit www.metrogroup.de

Contact:
METRO AG
Corporate Communications
Metro-Straße 1
40235 Düsseldorf

Phone +49 (0) 211 68 86-42 52
Fax +49 (0) 211 68 86-20 01

www.metrogroup.de
presse@metro.de
@Metro_Comms

Source: Metro Group

METRO GROUP acquires a stake in Munich-based startup Shore

Düsseldorf, Germany, 2016-Aug-03 — /EPR Retail News/ — METRO GROUP acquires a stake in the Munich-based start-up Shore, a market leader in web-based business solutions for local service providers in Europe. Shore supports small and medium-sized businesses and service providers with a cloud-based software that allows them to digitally manage their business processes. The investment in Shore is a further element of METRO GROUP’s commitment to promoting digital business models for the customers of METRO GROUP.

“Shore offers digital solutions and services aimed at simplifying and optimizing our customers’ business processes. Shore and METRO want to take the business of local service providers to the next level with digital solutions”, says Olaf Koch, Chairman of the Management Board of METRO AG. “The investment in Shore represents a further element to drive digitalization, especially in the hotel and restaurant sector.”

Alexander Henn, founder and Managing Director of Shore adds: “We are very pleased about METRO’s investment. For us it represents not only a confirmation of the quality of our software solutions, but also underscores our ambition of becoming the leading provider for the digitalisation of small, local service providers.”

Founded in 2012, the Munich-based start-up Shore has grown to become a market leader in cloud-based software for small and medium-sized businesses and local service providers in Europe. Shore offers a simple, user-friendly and, most of all, inexpensive access to a digital communication and productivity software for this target group. The product offering ranges from online booking to customer relationship management all the way to marketing tools and an efficient, iPad-assisted cash system. Restaurant owners are an important customer group for Shore services solutions.

As it does not require any IT know-how, Shore also enables small businesses to benefit from the potential offered by digital solutions, and grow. At more than 10,000 locations around one million bookings per month are meanwhile managed via the Shore platform.

METRO GROUP, which is operating in 25 countries worldwide with its sales line METRO Cash & Carry and has access to 21 million active wholesale customers, invests selectively into digital business models for its customers from the hotel and restaurant sector who benefit from digital services for their own business operations. To further drive the digitalization in the catering industry the company already back in 2015 initiated the “METRO Accelerator”, a program aimed at promoting start-ups with digital solutions for the hospitality sector, which will kick off its second round in September.

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 Market and Saturn, the European market leader in consumer electronics retailing; and Real hypermarkets.

More information on www.metrogroup.de

The Munich-based start-up Shore offers local service-providers non-sector specific software solutions as a basis for enhanced productivity, optimised customer communication and growing sales. Shore thus enables restaurant owners, hairdressers, sports service providers, medical professionals, crafts businesses and a multitude of other service companies to benefit from the advantages and opportunities of digitalisation. In addition, Shore cooperates with various largescale customers who use its solutions for their respective store networks. The user-friendly, efficient and inexpensive software solutions range from online appointment booking to a wellstructured customer relationship management through to an iPad based cash system. Founded in 2012, the software specialist increased its workforce to more than 200 employees and today already operates offices in 10 European countries. In addition, the first US center was opened in Los Angeles in 2015.

More information on www.shore.com

Contact:
Media Department
Telephone: +49 211 6886-4252
Telefax: +49 211 6886-2001
E-Mail: METRO GROUP: presse@metro.de

Source: Metro Group

METRO GROUP acquires stake in Cologne based start-up offering quick support for technical issues through a network of professional advisors

Düsseldorf, Germany, 2016-Jul-09 — /EPR Retail News/ — METRO GROUP – as minority partner – acquires a stake in the start-up “Deutsche Technikberatung” based in Cologne, one of the participants of the first Spacelab Accelerator Program of Media-Saturn this year. Deutsche Technikberatung regards itself as a “technical support for home users” and offers quick support for technical issues through a network of professional advisors. Selected and specially trained technical advisors assist private customers and small businesses, like for example restaurants, in all aspects relating to the purchase, installation, networking and bug fixing of modern technical devices.

A new TV, tablet or smart phone: increasingly powerful, increasingly connected. The digital world fascinates, but can sometimes also be confusing and complex. Private customers as well as smaller businesses appreciate a partner, who not only provides sound advice before the actual purchase but also offers support with the installation, configuration and occasional bug fixing. That is exactly the business area of Deutsche Technikberatung. Appointments with their technical advisors at the desired date can be arranged online or by phone. They visit the users to solve technical problems of all kinds at a fixed hourly rate.

“Deutsche Technikberatung is a new type of service and consultancy company – and that makes the investment so exciting for METRO GROUP“, says Olaf Koch, Chairman of the Management Board of METRO AG. “In a world of rapidly growing performance and ever increasing interconnectivity of technical devices we have to support our customers even more comprehensively. The founders of Deutsche Technikberatung developed a clever business model that offers customers access to top qualified experts. One important reason why we decided to acquire a stake was that Deutsche Technikberatung, for the choice of its service staff, placed great emphasis on emotional intelligence and empathy of their technical advisors. We are convinced that this is an important key to future success. It is based on the idea that you can train technical know-how, but customer proximity, empathy and the skill to explain technical know-how is difficult to learn. A view that we fully share, given our understanding of customer focus.”

Till Steinmaier and Emre Akdagcik founded Deutsche Technikberatung in 2014 and are now managing partners of the company: “The partnership with METRO helps us deliver our idea even faster: we give a face to technology and want to enable as many people as possible to benefit from the advantages of modern technology without any hassle”, says Steinmaier. “Besides private users in particular also independent businesses are increasingly relying on a functioning technology. METRO is a natural partner for us in this respect whose sales lines Media Markt, Saturn and METRO Cash & Carry strongly simplify market access for our personalised technical support.”

The concept is paying off: the vast majority of the customers would – after the first contact – again select Deutsche Technikberatung in case of further technical questions and challenges. The innovative aspect is not only in shaping the new profession of a “technology advisor”, but mainly also in the technology that permits performing the services in the background.

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

Source: Metro Group

METRO GROUP acquires French food service distribution company Pro à Pro from Colruyt Group

Düsseldorf, Germany, 2016-Jul-09 — /EPR Retail News/ — METRO GROUP has acquired the French food service distribution company for professional customers Pro à Pro from the Belgian retail group Colruyt Group. Pro à Pro is one of the most important food service distribution (FSD) providers in France offering direct food delivery services to different customer groups including the hotel, restaurant and catering (HoReCa) sector.

The company has around 42,000 customers in France and focuses on major contract caterers as well as canteens in the public and private sector, chained restaurants and independent restaurants. With this acquisition, METRO GROUP strengthens its French wholesale business in the growth segment FSD and creates an additional offering for the customers of METRO Cash & Carry France. The transaction comprises the operational business as well as the warehouse locations, logistics platforms and the truck fleet of Pro à Pro. It was agreed not to disclose the financial details of the transaction. The acquisition is pending approval by the relevant regulatory authorities.

“Food Service Distribution is a strategic growth driver for the wholesale business of METRO Cash & Carry”, says Olaf Koch, Chairman of the Management Board of METRO AG. “Following the acquisitions of Classic Fine Foods and Rungis Express we are now also further extending the service offering for our customers in the important French market with the takeover of Pro à Pro. With this move, we not only expand our market presence but, most of all, we also enhance our customer relevance. In total, we have gained a FSD sales volume of more than €1 billion within the past twelve months with these three acquisitions.” FSD carries a considerable potential in the HoReCa segment: a growing number of HoReCa customers in France and in several other markets meanwhile prefer to have the option to choose the delivery service. “The French FSD business offers an enormous growth potential”, says Philippe Palazzi, Member of the Operating Board of METRO Cash & Carry and Operating Partner France, Spain and Portugal. “With the nationwide presence and strong position of Pro à Pro we will be excellently positioned for further growth in this field and can offer our French professional customers a true value added.”

The future growth of Pro à Pro continues to be our primary focus. We deem that Pro à Pro’s growth ambitions can best be realised by combining it with a strong complementary market player like METRO GROUP”, says Dries Colpaert, General Manager of Colruyt France and Foodservice.

Since its founding in the year 2001, Pro à Pro has grown from a local delivery operator to a national player with nationwide coverage in the fragmented French FSD business – also thanks to the integration of competitors. The company serves around 42,000 customers and focuses on major contract caterers as well as canteens in schools, hospitals, companies, defence and the leisure sector as well as chained restaurants. Pro à Pro currently reports strong growth in the field of independent restaurants and caterers. Overall, Pro à Pro has a headcount of over 1,700 full time employees, among them 170 field service employees with direct contacts to the local customers. In 2015, the company generated sales of around €670 million. Pro à Pro’s assortment covers approximately 12,500 articles including more than 5,000 chilled and close to 5,000 ambient food articles as well as a small range of frozen and non-food products. Thanks to its integrated logistics with 18 warehouses, 19 logistics platforms and a truck fleet of some 400 vehicles, Pro à Pro can offer extremely flexible delivery services throughout the country. The company in addition also operates in the French overseas departments Martinique, Guadeloupe, French Guiana and La Réunion.

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.

Colruyt Group operates in the food and non-food distribution sector in Belgium, France and Luxembourg with approximately 500 own stores and over 500 affiliated stores. In Belgium this includes Colruyt, OKay, Bio-Planet, Cru, Dreamland, Dreambaby and the affiliated stores Spar and Spar Compact. In France, in addition to approximately 70 Colruyt stores, there are also affiliated Coccinelle, CocciMarket and Panier Sympa stores. The group is also actively involved in the food service business (supply of food products to hospitals, company canteens and catering businesses) in France (Pro à Pro) and in Belgium (Solucious). The other activities comprise the sale of fuel in Belgium (DATS 24), printing and document management solutions (Symeta) and the production of green energy. The group employs over 29.000 employees and recorded a EUR 9.1 billion revenue in 2015/16. Colruyt is listed on NYSE Euronext Brussels (COLR) under ISIN code BE0974256852.

Contact:
Media Department

Telephone: +49 211 6886-4252
Telefax: +49 211 6886-2001
E-Mail: METRO GROUP: presse@metro.de

Source: Metro Group

METRO GROUP to build its largest logistics hub in Marl — the largest one in Germany

Düsseldorf, 2016-Jul-06 — /EPR Retail News/ — METRO GROUP plans to build its largest logistics hub in Marl to service the German wholesale stores of METRO Cash & Carry and the Real hypermarkets. With a total area of more than 220,000 square meters and over 1,000 jobs, it will be at the same time the largest retail logistics park in the whole of Germany. The new hub represents a central element of METRO GROUP’s new logistics strategy announced in September 2015.

“The location in Marl is a stroke of luck for our logistics strategy in Germany”, says Mark Frese, Chief Financial Officer of METRO GROUP and also responsible for the company’s logistics. “With this new hub, we complete the new logistics network of METRO GROUP in Germany and will be able to even better meet the needs of our sales lines METRO Cash & Carry and Real in the future.” New, modern logistics hubs, a stronger centralisation of the goods flows as well as adaptations at the existing locations are to significantly enhance the product availability, quality and freshness. As part of the reorganization and replacing the former seven logistics hubs, the logistics services shall in the future be provided by two new, more modern and larger logistics centers as well as by one extended location, and handle a significantly larger volume of goods.

METRO GROUP had intensively examined potential properties in recent months. The main criteria included property size, development costs, soil conditions, ownership structure and transport infrastructure. Following the presentation of a new location in Kirchheim an der Weinstraße in March this year, the new METRO GROUP logistics park in Marl will combine the new, central German warehouses of Real and METRO Cash & Carry at one location. Together with the warehouse in Hamm, which is to be extended, the two new locations form the basis of the new, modernised logistics network of METRO GROUP in Germany.

At the newly created logistics hubs for METRO Cash & Carry and Real in Marl, gradually around 1,000 employees shall be working starting from Autumn 2017. All employees from the existing logistics locations in Essen, Kamen, Unna and Frechen will be offered jobs there.

Details of the retail logistics park in Marl:

Scheduled start of construction                                            3 rd quarter 2016

Area central & fresh produce warehouse Real                   approx. 140,000 m²

Area central & fresh produce warehouse                             approx. 80,000 m²
METRO Cash & Carry

Employees                                                                                  around 1,000

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. www.metrogroup.de

METRO LOGISTICS Germany GmbH is the logistics services and competence centre of METRO GROUP. Within METRO GROUP the company steers the merchandise flows of the METRO GROUP sales lines METRO Cash & Carry, Real, Media Markt and Saturn. The range of products handled by METRO LOSTICS warehouses and platforms in Germany comprises some 20,000 items in the categories fresh, frozen and dry foods and several hundred articles in the categories fruits and vegetables, fresh fish and meat as well as non-food. METRO LOGISTICS employs around 3,200 employees in its distribution centres and its headquarters in Düsseldorf. www.metro-logistics.de

Contact:

METRO AG
Corporate Communications
Metro-Straße 1
40235 Düsseldorf
Phone +49 (0) 211 68 86-42 52
Fax +49 (0) 211 68 86-20 01
www.metrogroup.de
presse@metro.de

Source: METRO GROUP

METRO GROUP acquires stake in the leading provider of iPad based POS systems for restaurants in the German-speaking region

Düsseldorf, Germany, 2016-May-16 — /EPR Retail News/ — METRO GROUP acquires a stake in the Berlin-based start-up orderbird, the leading iPad based point of sale system for restaurants in the DACH region. With this move, METRO GROUP underscores its commitment to digitalisation in the hospitality sector. By investing into yet another start-up with digital solutions for restaurants, METRO GROUP consistently pursues its policy of becoming a one stop shop partner for its customers from the hotel and restaurant business.

“With this partnership, orderbird and METRO pursue a common goal: making restaurant businesses more successful with the help of digital solutions”, says Olaf Koch, Chairman of the Management Board of METRO AG. “By acquiring a stake in orderbird, we are taking another important step towards our goal of offering value added for our customers through digital solutions. In this process, we will contribute both our industry expertise and our access to a large custom base.”

The Berlin-based start-up orderbird is the leading provider of iPad based POS systems for restaurants in the German-speaking region. No matter whether they want to place orders, cancel or rebook them: with orderbird, restaurant operators and their service staff can quickly and conveniently take orders with mobile devices, flexibly split bills and create tax-authority-compliant reports. The orderbird POS software runs on the mobile Apple devices iPad, iPod touch and iPhone. It can therefore replace both the conventional cash register on the bar counter and also the server’s paper order blocks with modern and networked technologies. Immediate forwarding of the order data makes it possible for restaurants to offer a faster and more accurate service. This enhances customer loyalty and satisfaction. In addition, a large number of structured, real-time reports allow for the continuous optimisation of one’s own business in every application scenario.

As new shareholders and strategic partners, METRO GROUP and the growth equity investor Digital+ Partners invest a total of €16.5 million into orderbird AG. In the framework of a secondary investment, the current investor Concardis participates in this funding round by acquiring shares from existing investors. orderbird thus holds a €20 million funding round. Together with its strategic partners and the freshly collected capital, the Berlin-based start-up plans to further drive product development and its expansion into the European market. The planned market entry into France this year marks the starting point for further growth.

METRO GROUP with its sales line METRO Cash & Carry, which operates in 25 countries worldwide and offers access to 21 million active wholesale customers, is an important partner for the further growth of orderbird. These customers will benefit from the digital services for their own businesses. To promote digitalisation in the hotel and restaurant business, METRO launched a support programme entitled “METRO Accelerator powered by Techstars” for start-ups offering digital solutions for the HoReCa sector already back in 2015.

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 ofMETRO 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.

orderbird (www.orderbird.com) is the provider of the multiple award winning tablet POS system for restaurant businesses. Whether ordering, cancelling or rebooking – with the orderbird POS, restaurant operators and service staff can fast and conveniently take orders with their mobile device, use flexible payments options, and create GDPdU-compliant financial reports. With more than 5,500 customers – restaurants, cafes, bars, clubs, ice cream parlours and beer gardens – the orderbird POS ranks among the most popular POS systems of its kind in the restaurant sector in Germany, Austria, Switzerland, Great Britain and Ireland. The orderbird AG was founded in 2011 by Jakob Schreyer, Bastian Schmidtke, Patrick Brienen and Artur Hasselbach and today has a headcount of 120+ employees.

Contact Media Department

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

E-Mail METRO GROUP: presse@metro.de

METRO GROUP achieved like-for-like sales in Q1 2015/16 on prior year level (0.1%)

  • Group like-for-like sales in Q1 2015/16 on prior year level: +0.1%
  • Very good Christmas business in Germany with like-for-like sales increased by 2.1%
  • Currency adjusted sales growth at METRO Cash & Carry compensates for portfolio changes
  • Media-Saturn with positive sales development especially in Germany and Western Europe
  • Sale of METRO Cash & Carry Vietnam successfully completed; positive EBIT effect of more than €400 million

Düsseldorf, Germany, 2016-1-12 — /EPR Retail News/ — According to preliminary figures, METRO GROUP achieved like-for-like sales in Q1 2015/16 on prior year level (0.1%).METRO Cash & Carry and Media-Saturn showed sustained positive development in terms of like-for-like sales. In the corresponding quarter of the previous year, sales in Russia benefited from pull-forward effects in the course of the rouble crisis, which then were even compensated through the overall strong Christmas quarter in 2015. METRO GROUPsales in local currency fell just slightly by 0.1%. Reported sales fell by 1.5% to €17.1 billion (Q1 2014/15: €17.3 billion) due to the development of exchange rates – primarily that of the Russian rouble – and portfolio effects in particular. “The positive development in terms of like-for-like sales at METRO Cash & Carry and Media-Saturn continued into financial year 2015/16. We can also look back on a very good Christmas business, particularly in our domestic market, Germany, with like-for-like sales rising by 2.1% in December,” said Olaf Koch, Chairman of the Management Board of METRO AG. “We remain confident for financial year 2015/16, despite the difficult environ-ment, and expect positive development thanks to the range of measures introduced in our sales lines. We retain our original forecast.”

Strategic realignment has allowed METRO GROUP to make progress in introducing new services, expanding delivery and multichannel business and portfolio optimisation in Q1 2015/16.

METRO GROUP completed the sale of its cash & carry business in Vietnam successfully end of December 2015. The EBIT effect of more than €400 million will be included in Q1 2015/16 accounts. Therefore the reported result will increase significantly in Q1.

In Q1 2015/16, METRO GROUP opened a total of 11 new stores across 8 countries: 5 METRO Cash & Carry- and 6Media-Saturn stores. Of the new stores, 5 are located in the important expansion countries Russia, Turkey and India. Due to the sale of METRO Cash & Carry Vietnam the total number of METRO Cash & Carry stores decreased by 19. In addition, 2 Media-Saturn stores in Russia and 1 in Italy were closed.

METRO GROUP Q1 2014/15 Q1 2015/16
Sales (€ billion) 17.3 17.1
Change (€) -2.3% -1.5%
Change (in local currency) 0.5% -0.1%
Like-for-like 2.3% 0.1%

 

Development of the sales divisions in Q1 2015/16

 

METRO Cash & Carry

Sales at METRO Cash & Carry rose by 0.2% in like-for-like terms in Q1 2015/16, marking the tenth consecutive quarter of positive development. Sales in local currency fell just slightly by 0.1%. Reported sales declined by 2.4% to €8.0 billion. However, it should be noted that sales in the corresponding quarter of the previous year still included sales from business in Denmark and Greece. In addition, sales of METRO Cash & Carry Vietnam were only consolidated until the end of November 2015.

Sales at METRO Cash & Carry Germany experienced positive development. Christmas business gave sales a major push in December. The successful customer-focused initiative, which encompassed many marketing- and communication measures, made a very positive impression.

Moreover, sales in main countries such as Spain, Italy, Czech Republic and Romania developed positively.

In the corresponding quarter of the previous year, sales at METRO Cash & Carry in Russia benefited from pull-forward effects in the course of the rouble crisis. Sales declined based on this high benchmark from the previous year. All in all,METRO Cash & Carry in Russia was able to cement its position in a more difficult economic environment.

METRO Cash & Carry’s delivery business continued to perform extremely well, with the percentage share of sales rising further.

METRO Cash & Carry Q1 2014/15 Q1 2015/16
Sales (€ billion) 8.2 8.0
Change (€) -3.6% -2.4%
Change (in local currency) 1.1% -0.1%
Like-for-like 1.4% 0.2%

 

Media-Saturn

Like-for-like sales at Media-Saturn were up year on year in Q1 2015/16 by 0.4%. This marks the sixth consecutive quarter of rising sales. Sales in local currency grew by 1.1% while reported sales affected by the currency translation increased by 0.2% to €6.9 billion. Sales developed very positively in Germany.

In Western Europe, like-for-like sales performed well in several countries. In Eastern Europe, Russia had benefited from extensive pull-forward effects at the peak of the rouble crisis in December 2014, which is why sales in Russia declined considerably in the 2015 Christmas quarter. The good sales development in some other countries like Turkey, which recorded a double-digit like-for-like sales growth, and the robust performance in Germany could overcompensate the decrease in Russia.

Media-Saturn Q1 2014/15 Q1 2015/16
Sales (€ billion) 6.9 6.9
Change (€) 4.1% 0.2%
Change (in local currency) 5.6% 1.1%
Like-for-like 3.8% 0.4%

 

Real

Like-for-like sales at Real declined by 1.6% in the Christmas quarter. Store closures meant that reported sales declined by 3.8% to €2.1 billion year on year.

Sales development remained relatively stable in the intensely competitive food retail sector against the backdrop of price deflation, while sales in the non-food sector declined. Thereby particularly goods which are weather driven suffered from the unusual warm winter. Online sales developed extremely positively, but this was only able to partly compensate for the overall sales decline.

“The right frameworks must be created to improve Real’s competitiveness. This includes competitive conditions for labour costs. Overall, the realignment of Real according to the Essen model remains on the right course and we are ready to implement further steps, if the frameworks are right”, said Koch.

Real Q1 2014/15 Q1 2015/16
Sales (in € bn.) 2.2 2.1
Change(€) -0.8% -3.8%
Like-for-like 0.9% -1.6%

 

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 at more than 2,000 locations in 30 countries and employs some 230,000 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

SOURCE: METRO GROUP

METRO GROUP closes the sale of its Cash & Carry wholesale business in Vietnam to Thailand-based TCC

Düsseldorf, Germany, 2016-1-11 — /EPR Retail News/ — METRO GROUP has closed the transaction of the sale of its Cash & Carry wholesale business in Vietnam to Thailand-based TCC. TCC Land International Pte. Ltd., a subsidiary of TCC Holding Co. Ltd., has thereby acquired METRO GROUP’scomplete wholesale operations in Vietnam including all 19 wholesale stores and the related real estate portfolio for an enterprise value of €655 million. This results in a cash inflow of around €400 million. The payment has already been made. The EBIT effect amounting to more than €400 million will be part of the income statement for Q1 2015/16.

“I’m pleased that METRO GROUP and TCC have successfully completed the transaction. We are convinced that this transaction will create long term value for both groups”, said Olaf Koch, Chairman of the Management Board METRO AG.”We are confident that the success story of METRO Cash & Carry Vietnam will continue under the experienced hands of TCC and that their extensive businesses in the region will support its further growth. The proven competence of the local management and the transitional support of the METRO GROUP, help ensuring a smooth transition and continuous development of the business. Asia will remain an important growth region for METRO GROUP and we will continue to invest there in the further development of the METRO Cash & Carry business.”

In August 2014, METRO GROUP initially announced its agreement with Berli Jucker Public Company Limited (BJC) to sell its Vietnamese wholesale business. In February 2015, BJC’s majority shareholder TCC replaced BJC as acquirer in the framework of an amended sale and purchase agreement regarding METRO Cash & Carry Vietnam.

METRO GROUP entered the Vietnamese market in 2002 with its cash & carry wholesale business and was at last operating 19 wholesale stores across the country with more than 3,300 employees. METRO Cash & Carry Vietnam generated sales of €507 million in the financial year 2014/15.

Over the years METRO Cash & Carry Vietnam has invested broadly and continuously in the local trade infrastructure and food hygiene and safety. Efforts include training more than 20,000 Vietnamese farmers and fishermen to increase their yield and product safety for the better access to the modern trade and long-term competence. METRO Cash & CarryVietnam’s large market potential will be further tapped by TCC’s expansion ambitions and strong operational expertise.

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 at more than 2,000 locations in 30 countries and employs some 230,000 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.

METRO AG

Corporate Communications
Metro-Straße 1
40235 Düsseldorf, Germany

Phone +49 211 68 86-42 52
Fax +49 211 68 86-20 01
presse@metro.de
www.metrogroup.de

SOURCE: METRO GROUP

METRO GROUP supports online job recruiting startup Culinary Agents as it expands its services to French and Italian entrepreneurs

Düsseldorf, Germany, 2015-10-28 — /EPR Retail News/ — METRO GROUP is supporting Culinary Agents, the professional networking website for catering and hospitality sectors, to kick off operations in France and Italy this month. Starting in October, the online job recruiting startup offers its services to French and Italian entrepreneurs and specialists of restaurants, caterers and hotels, planning further expansion into European and Asian markets in 2016. METRO GROUP has acquired a stake in Culinary Agents earlier this year to forge a strategic partnership to provide added value for the customers of its international wholesale divisionMETRO Cash & Carry.

With the support of METRO Cash & Carry, an international leading player in self-service wholesale, Culinary Agents is now offering its networking services in France and Italy. Among the first customers, there are also Michelin rewarded chefs offering vacancies in their companies. The European market entry represents an important step for the New York-based startup, specializing in job matching, networking and mentoring for catering and hospitality industries. METRO Cash & Carry is now able to offer its key customer group of hotel, restaurant and catering professionals a quick and reliable access to networking and finding qualified personnel for their daily business success.

“Culinary Agents is kicking off the local operations in France and Italy, two crucial markets for METRO where we have cultivated profound relationship with the hospitality community over the past decades. With the technology and services offered by Culinary Agents, we are able to provide those entrepreneurs with assistance and solutions to their recruiting and networking”, said Pieter Boone, CEO of METRO Cash & Carry and member of the Management Board of METRO AG.

Building a global network

The market entry into Italy and France clearly showcases Culinary Agents’ international success story, giving way to further expansion into European and Asian markets in the next year. “Our mission is to help people across the restaurant, hotel, catering and overall hospitality sectors with talent sourcing, job matching, and professional networking. Entering France and Italy is a significant step for us and we definitely see great potential in the European market. The partnership with METRO will enable us to build a global network to help talent and businesses across the community”, said Alice Cheng, founder of Culinary Agents. Both European networking websites can be visited atwww.culinaryagents.fr and www.culinaryagents.it.

Founded in 2012, by Alice Cheng, Culinary Agents offers technology based solutions focused on job matching, career development and mentorship in the hospitality sector. With more than 70,000 registered users in the United States (as of Oct 2015), Culinary Agents has already proofed its role in the food, beverage and hospitality industry.

Guide Michelin promotes Culinary Agents in European markets

Culinary Agents’ technology and services are a cost-effective way to source all levels of positions for various types of hospitality businesses. Unlike other job sites, which are often static, Culinary Agents has an automatic matching process, which tees up opportunities to talent and talent to businesses, along with tools to support applicant matching, messaging, and management. The partnership with METRO Cash & Carry will enable Culinary Agents to expand broadly across Europe and Asia. To strengthen the strategic partnership, METRO also sponsors the latest edition of Guide Michelin to intensively promote Culinary Agents among the sophisticated dining and hospitality establishments throughout the US and Europe.

METRO GROUP is one of the largest and most important international retailing companies.In the financial year 2014/15 it generated sales of around €59 billion. The company operates more than 2,000 stores in 30 countries and has a headcount of around 230,000 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 and Real hypermarkets.

Culinary Agents is changing the hotel, restaurant and catering industry (HoReCa), through its development of a professional networking and job matching website for current and aspiring HoReCa professionals. With more than 70,000 users in 30+ cities across the U.S. (as of Oct 2015), Culinary Agents supports all types of food service establishments, catering businesses, specialty retail stores, and hotels, as well as schools and non-profit organizations in the HoReCa industry. The strength of Culinary Agents’ platform is in its technology and reach. Through its website, Culinary Agents provides businesses with an efficient, cost effective way to source HoReCa talent for jobs of all levels, while enabling job seekers to represent themselves professionally, pinpoint appropriate job opportunities, and find resources to help fuel their careers. For more information, please visit www.culinaryagents.com.

METRO AG
Corporate Communications
Metro-Straße 1
D-40235 Düsseldorf

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

E-Mail METRO GROUP: presse@metro.de

SOURCE: METRO GROUP

METRO GROUP posts like-for-like sales growth of 1.5% in financial year 2014/15

  • Like-for-like sales growth of 1.5% in financial year 2014/15
  • Growth drivers online retail and delivery remain successful
  • METRO Cash & Carry and Media Saturn report like-for-like sales growth in both financial year 2014/15 and Q4 2014/15
  • Acquisitions Classic Fine Foods and RTS strengthen sales lines
  • Sale of Galeria Kaufhof successfully completed; net cash inflow of €1.75 billion, above original forecast
  • METRO GROUP anticipates good Christmas business

Düsseldorf, Germany, 2015-10-19 — /EPR Retail News/ — According to preliminary figures, METRO GROUP increased its like-for-like sales by 1.5% in financial year 2014/15. This means that the Düsseldorf-based retail and wholesale company has achieved its full-year sales target. Reported sales of €59.2 billion fell 1.2% short of the previous year’s figure due to negative currency and portfolio effects. However, sales in local currencies increased by 0.5%. “Financial year 2014/15 was a turning point for METRO GROUP,” said Olaf Koch, Chairman of the Management Board of METRO AG. “We managed to make our core business dynamic again and strengthened our balance sheet even further. We reached our full-year like-forlike sales target. We also confirm our guidance for EBIT before special items¹. Following the successful sale of Galeria Kaufhof, we also once again have the financial means to make further acquisitions to supplement and strengthen our sales lines, such as the recently acquired companies Classic Fine Foods and RTS.”

METRO GROUP’s like-for-like sales rose by 1.3% in Q4 2014/15. Both METRO Cash & Carry and Media-Saturn recorded increases in like-for-like sales in Q4 2014/15 and over financial year 2014/15 as a whole. Reported sales fell by 1.1% to €14.2 billion. However, this was due to currency and portfolio effects. Sales in local currencies increased by 1.9%.

METRO GROUP also significantly expanded its business in the strategic growth areas of online retail and delivery in Q4 2014/15 and, in doing so, reinforced its market position and customer relevance in many countries. METRO GROUP expects a positive Christmas business and has begun the current quarter with an optimistic outlook.

METRO GROUP has made further progress in optimising its portfolio: The most important event in Q4 was the completion of the sale of Galeria Kaufhof as announced on 30 September 2015. The value of the transaction stood at €2.825 billion, including various liabilities. METRO GROUP received the net cash payment of €1.75 billion, which was above the original forecast, in due time.

¹Adjusted for currency effects slightly above the €1,531 million achieved in financial year 2013/14, including typical levels of net income from real estate sales

FULL RESULTS

SOURCE: METRO GROUP

METRO GROUP sells Galeria Kaufhof including all locations in Germany and Belgium to the Canadian Hudson’s Bay Company for EUR 2.825 billion

  • Closing date of transaction 30 September 2015
  • Transaction value: €2.825 billion
  • Net cash inflow of €1.75 billion for (today’s) end of METRO AG’s financial year as at 30.09.2015
  • Rating-relevant net debt reduced by €2.85 billion

Düsseldorf, Germany, 2015-10-1 — /EPR Retail News/ — METRO GROUP successfully concludes the sale of Galeria Kaufhof including all locations in Germany and Belgium to the Canadian Hudson’s Bay Company as of 30 September 2015, as planned.

“With the disposal of Galeria Kaufhof, we are continuing with the transformation process and debt reduction at METRO GROUP and are able to focus on the METRO Cash & Carry, Media-Saturn and Real sales lines. We know that Galeria Kaufhof is in good hands and wish all employees the very best,” commented Olaf Koch, Chairman of the Management Board of METRO AG. “We will also use a part of the proceeds for acquisitions in order to strengthen and supplement our METRO Cash & Carry and Media-Saturn sales lines. The recently acquired companies Classic Fine Foods and RTS are prime examples.”

The agreed transaction value is €2.825 billion including various liabilities. In this context, METRO GROUP refers to the joint press release of the parties as of signing of the transaction as well as the latest quarterly earnings release of HBC (Second Quarter Events in the MD&A). The net cash inflow amounts to around €1.75 billion and is above previous forecasts. “With this agreement, we are on the right track to reducing our net debt to below €3.2 billion as of 30 September 2015 and to further improving our rating-relevant key figures”, added Mark Frese, CFO of METRO AG.

In the annual financial statements for 2014/15, which will be published on 15 December 2015, METRO GROUP forecasts a positive EBIT effect of some €750 million from the disposal of Galeria Kaufhof which will be reported as a special item. The divested operations of Galeria Kaufhof with around 17,000 employees and 134 locations generated sales of €3.1 billion in financial year 2013/14.

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 30 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 and Real hypermarkets.

SOURCE: METRO Group

METRO GROUP and Groupe Auchan extend the scope of their innovative purchasing cooperation in France

The new cooperation agreement implies the negotiation of manufactured brands on a local level, combining the strengths of the retailer Groupe Auchan and METRO Cash & Carry, the wholesale division of METRO GROUP.

CROIX, France, 2015-9-22 — /EPR Retail News/ — After having started their cooperation at the international level in November 2014, the two partners, facing a deflationary context and the recent moves in the European retail landscape, with the development of alliances and cooperation between actors, both at global and local level, have decided to extend the scope of their innovative cooperation, based on two complementary business models, in one of their key countries, from September 2015.

In accordance with the local legislation applicable, METRO GROUP entrusts to Auchan country organization, via a mandating system, on selective and representative product categories and suppliers, the negotiations of the buying terms applicable in 2016, covering major brands in France.

Each party will continue to be independently responsible for its own commercial strategies and sales policies, which include building product ranges, defining pricing and promotional activities.

METRO GROUP launches its official flagship store exclusively on Alibaba Group’s Tmall Global platform

  • The two companies establish strategic partnership to expand their e-commerce endeavors  in China
  • METRO GROUP opens cross-border e-shop on Alibaba Group’s Tmall Global platform offering German goods to Chinese consumers
  • METRO GROUP and Alibaba Group to explore further collaboration opportunities in sourcing, supply chain and big data

Düsseldorf, Germany, 2015-9-8 — /EPR Retail News/ — METRO GROUP today announced a strategic partnership with the leading Chinese online and mobile commerce company Alibaba Group to promote business in China’s rapidly growing e-commerce market. According to the agreement signed by both firms today, the German retailing company METRO GROUP is launching its official flagship store (https://metro.tmall.hk) exclusively on Alibaba Group’s Tmall Global platform offering a range of German products to the Chinese consumer.

Operating over 80 wholesale markets in China under the banner METRO Cash & Carry, METRO GROUP is now expanding its channels by opening on Tmall Global innovative cross-border e-shop platform to further tap the great potential of the Chinese consumer market. The online storefront will sell products of METRO GROUP’s sales divisions’ private labels as well as supplier brands from Germany. In the first phase, over 100 products in the categories of dairy, canned foods, coffee, and chocolate from METRO Cash & Carry Germany as well as cosmetics goods from Real are to be offered online. The product assortment is planned to be expanded with more food items from METRO Cash & Carry and non-food from Real on the e-shop.

“We are pleased to enter into this remarkable partnership with Alibaba Group. E-commerce is one of our strategic growth drivers in China. Opening the flagship store on Tmall Global again shows our clear confidence in the Chinese market, where we possess a solid commercial position and proven track record for high quality and broad assortment,” said Olaf Koch, Chairman of the Management Board of METRO AG. “This latest innovative platform enables us to deliver more quality imported goods and German brands to the Chinese customers through our competence in global sourcing and supply chain.”

The international shipping from Europe to China is performed in advance to ensure sufficient stock is stored in the Shanghai Free Trade Zone warehouses. Chinese customers are thus able to benefit from cross-border delivery directly from the Shanghai Free Trade Zone and fast customs clearance fulfilled by Alibaba Group’s specialized service team.

Daniel Zhang, CEO of Alibaba Group, said: “This partnership will encompass collaboration in areas including cross-border e-commerce, logistics, rural e-commerce, online supermarket and online-offline initiatives.  Insights provided by Alibaba Group’s Big Data will help METRO GROUP effectively capture the demand for quality imported products among Chinese consumers. Additionally, Alibaba Group and METRO GROUP will work together to help more European consumer brands establish fast-track solutions for expanding into the Chinese market.”

In addition to the cross-border e-shop, both companies also agree to explore omni-channel and comprehensive collaboration opportunities in areas including global sourcing of quality products in different categories, supply chain optimization and market insights leveraging on big data. For example, METRO GROUP will support the establishment of the Germany Pavilion on Tmall by introducing high-quality German products from small to medium-sized brands to Chinese consumers.

 

About METRO GROUP
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 30 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.

About METRO China
Having entered the Chinese market in 1996, METRO currently runs 82 wholesale markets in 57 cities in China with over 12,000 employees, serving about 4 million professional customers. Over the past nearly 20 years, METRO China has successfully developed its competence in food safety and quality assurance, freshness and wide assortment. E-commerce is one of the strategic growth drivers for METRO China.

About Alibaba Group
Alibaba Group’s mission is to make it easy to do business anywhere. The company is the largest online and mobile commerce company in the world in terms of gross merchandise volume. Founded in 1999, the company provides the fundamental technology infrastructure and marketing reach to help businesses leverage the power of the Internet to establish an online presence and conduct commerce with hundreds of millions of consumers and other businesses.

Corporate Communications
Metro-Straße 1
40235 Düsseldorf

Telephone +49 (0) 211 68 86-42 52
Fax +49 (0) 211 68 86-20 01

www.metrogroup.de
presse@metro.de

METRO GROUP supervisory board proposes Barry Callebaut CEO Jürgen Steinemann as the next board chair

Düsseldorf, Germany, 2015-8-7— /EPR Retail News/ — Düsseldorf-headquartered METRO GROUP is facing a change at the helm of its Supervisory Board: the three largest shareholders of the company, Haniel, Schmidt-Ruthenbeck and Beisheim, as well as the current Supervisory Board ofMETRO AG are backing the succession plan of Supervisory Board Chairman Franz Markus Haniel, who decided to step down from his office after the next Annual General Meeting in February 2016. Jürgen Steinemann, currently CEO ofBarry Callebaut, shall be proposed as his successor. Steinemann is to join the METRO AG Supervisory Board already in September 2015 since Dr. Wulf H. Bernotat decided to resign from his office as a Supervisory Board member.

The reappointment of the Supervisory Board Chairman is to be seen against the backdrop of Haniel’s stake reduction and the termination of the so-called pool agreement between shareholders Haniel and Schmidt-Ruthenbeck in October 2014. Under this agreement, both owner families had originally pooled their voting rights but then separated them again with the aim of simplifying and unbundling the holding structures. “Following the stake reduction and the termination of the pool agreement, I would like to open up the opportunity for putting the chair of the Supervisory Board into the hands of an independent, external representative”, said Franz Markus Haniel. “With Mr. Steinemann, we have found a highly competent and successful personality who will actively support the Management Board of METRO AG on the Supervisory Board and who can provide valuable impulses based on his vast experience”.

The Haniel Group will continue to be represented on the Supervisory Board of METRO AG by Dr. Florian Funck, CFO ofFranz Haniel & Cie. GmbH. “The history of Metro and Haniel has been closely intertwined for more than 50 years and nothing will change in this respect in the future”, said Haniel. “As a member of the Supervisory Board, Dr. Funck will continue to intensively work towards a successful further development of METRO GROUP together with the Management Board. In the same way, the Haniel Group will continue to be a shareholder of METRO AG also in the long-term perspective and thereby participate in the company’s success.”

Franz Haniel & Cie., in addition to Schmidt-Ruthenbeck and Beisheim, belong to the group of co-founders of Metro. The family equity company with head office in Duisburg has gradually reduced its roughly 34 per cent stake in the Düsseldorf-based retailing group and plans to further bring down its shareholding in the company to around 20 per cent until 2020 within the scope of an exchangeable bond. “At this size, the Metro stake will then have an appropriate weighting in the portfolio of Franz Haniel & Cie.”, said Haniel.

Haniel has served as Chairman of the Supervisory Board of METRO AG since April 2012 and already held this office before from 2007 to 2010. He plans to resign from the Supervisory Board with effect from the close of the Annual General Meeting of METRO AG in February 2016 and at the same time propose Steinemann as his successor.”Jürgen Steinemann has an impressive track record of 25 years in management positions at the key interfaces between manufacturers, suppliers and retailers worldwide”, said Haniel. “His sound international experience and entrepreneurial spirit will greatly benefit the Supervisory Board of METRO AG.”

Steinemann has been serving as CEO of Barry Callebaut, the world’s largest producer of chocolate and cocoa products based in Zurich, since 2009. He will retire from this function in late September 2015 as scheduled, but will remain associated with the company in the function of Vice Chairman of the Board. The 56 year-old manager is also non-executive member of the Board of Directors of Lonza Group AG, Switzerland. Before joining Barry Callebaut, Steinemann served in various management positions at Nutreco, Unilever and Eridania Béghin-Say.

Upon his court appointment, Steinemann shall succeed Bernotat, who has served on the Supervisory Board ofMETRO AG since 2003. “We thank Dr. Bernotat for his many years of dedicated and successful work on the Board”, said Haniel. “During his term of office he has accompanied and contributed to shaping significant changes at METRO GROUP.He was at all times a trustful advisor to the Management Board. The Supervisory Board and Management Board ofMETRO AG have greatly benefitted from his excellent management expertise”.

METRO AG will apply for a court appointment of Mr. Steinemann limited until the close of the Annual General Meeting on19 February 2016. The vote of the Annual General Meeting will then decide about his further membership on the Supervisory Board of METRO AG.

METRO GROUP is one of the most important international trading companies. In the financial year 2013/14, it generated sales of about €63 billion. The company operates around 2,200 stores in 30 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.

###

METRO GROUP launched the first online platform for comprehensive learning materials on the trade sector

  • Online portal www.handel-erklaert.de provides learning materials for secondary and vocational schools
  • Ad-free, educationally refined teaching materials on key aspects of trade
  • Offering underscores industries importance as a key economic sector with more than 33 million employees across Europe

Düsseldorf, Germany, 2015-5-22 — /EPR Retail News/ — METRO GROUP, the German Retail Federation HDE and the Federation of German Wholesale, Foreign Trade and Services BGA have launched the first online platform for comprehensive learning materials on the trade sector. Starting immediately, secondary and vocational school teachers can make use of a collection of educationally refined adapted teaching materials on various aspects of trade for economic, political and social subjects under the link www.handel-erklaert.de. The offering is rounded out by information on changing topics of current interest such as traceability in food retail.

It is impossible to imagine a world without trade: It is a key pillar of the economy, yet is frequently not recognised as such. For this reason, the new online portal www.handel-erklaert.de has been launched to bundle teaching materials about this important sector of the economy. The new platform provides an overview of the multifaceted trade sector divided into four subject areas: wholesale and retail, economy, society and environment. Practical teaching material – developed with the help of teachers – can be used for in-depth classroom teaching on the respective subjects. Lesson planning aids are complemented by guidelines on learning objectives and performance expectations. All teaching materials about trade are purely informative and free of ads. The contents and work sheets are rounded out by supplementary information on current, sector-specific topics of interest such as new traceability technologies for food retail.

Three partners for a strong sector

The trade sector is integral to everyday life with more than 33 million employees across Europe. In Germany, the sector offers a disproportionately large number of trainee positions. About 220,000 trainees are currently training for a job in this sector. Together with the German Retail Federation HDE and the Federation of German Wholesale, Foreign Trade and Services BGA, companies like METRO GROUP have committed themselves to the long-term promotion of education. METRO GROUP, BGA and HDE have launched the platform “Handel erklärt” (“Retail explained”) to generate interest in trade and a career in this sector among young people.

Retail and wholesale – a wealth of opportunities

The retail and wholesale segments offer various specific strengths and opportunities that are not equally well known. The German retail industry employs more than 3 million people working in sales, logistics, marketing, online trading, procurement and administration. As such, retail is one of Germany’s largest employers providing one in every 12 jobs. The retail sector will remain an important employer in future: The sector currently trains 160,000 young people in more than 30 professions complemented by attractive specific occupational profiles requiring advanced vocational training. The share of apprentices in the retail sector exceeds the average of all sectors of the German economy. Vocational training in the retail industry offers young people excellent career prospects – many young Germans still start their career with an apprenticeship.

Wholesale’s strengths are based on its business-to-business (B2B) approach. The sector supplies industry, skilled crafts and trades, retail and gastronomy with all they need to do business, linking the different distribution levels. With 1.7 million employees generating more than € 1.1 trillion in sales it is Germany’s second-largest economic sector and one of the country’s major employers. The sector’s roughly 60,000 apprentices are trained in more than 40 occupations ranging from wholesale and export traders to logistics, marketing and IT specialists. The choice of training, employment and career opportunities is enormous. With the young talent campaign “GROSS HANDELN – GROSS RAUSKOMMEN” (“Making it big in wholesale”) the sector seeks to attract tomorrow’s top professionals.

In a reflection of the sector’s broad nature, the partners regularly add information on current topics of interest from all areas of trade to the platform www.handel-erklaert.de and continuously develop the teaching materials provided through this platform.

METRO GROUP is one of the most important international trading companies. In the financial year 2013/14, it generated sales of about €63 billion. The company operates around 2,200 stores in 30 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.

The German Retail Federation (HDE) was founded in 1919 as the overarching organisation of the German retail sector and officially represents the sector’s interests vis-à-vis the political community and the public. The association has 100,000 business members across all sectors, locations and sizes. HDE gives a single voice to the multi-faceted retail sector ranging from medium-sized businesses to global players and traditional inner-city retailers to online traders. HDE is the legitimate voice of the sector vis-à-vis the national and EU level as well as vis-à-vis other sectors of industry, the media and the public. In this work, HDE is supported by numerous national and regional associations across Germany as well as sector-specific associations. As an umbrella organisation of employer associations, HDE represents the retail sector within the Confederation of German Employers’ Associations (BDA).

BGA is the leading organisation for the wholesale, foreign trade and service sector in Germany. The BGA network bundles the expertise of 48 sector organisations and 20 national and regional associations and represents its members’ general professional, economic and socio-political interests through local representations in Berlin and Brussels as well as through more than 100 organisations around the world. BGA has made it one of its key goals to provide its members with a networking platform. In addition, BGA provides its members with practical information about the implications of new legislative and regulatory developments for companies.

Corporate Communications
Metro-Straße 1
40235 Düsseldorf

Telephone +49 (0) 211 68 86-42 52
Fax +49 (0) 211 68 86-20 01

www.metrogroup.de
presse@metro.de

METRO GROUP continues positive trend in its operating business during the second quarter of the financial year 2014/15

  • Like-for-like sales of METRO GROUP again with substantial increase: + 2.5% in Q2 2014/15 and +2.2% in H1 2014/15
  • Online and delivery sales continue to show strong momentum
  • EBIT before special items on previous year’s level in Q2 at €-40 million, reaches €984 million in H1 2014/15 (H1 2013/14: €1,033 million)
  •  Negative impact on EBIT in Q2 2014/15 particularly from goodwill impairment (about €450 million) at Real
  • Net debt reduced by around €800 million as of 31 March 2015 compared with the previous year
  • Sales and earnings guidance confirmed for the financial year 2014/15

Düsseldorf, Germany, 2015-5-6 — /EPR Retail News/ — With like-for-like sales growth of 2.5%, METRO GROUP continued the positive trend in its operating business during the second quarter of the financial year 2014/15. In spite of very negative currency effects, reported group sales also increased by 0.3%. At €-40 million, EBIT before special items was unchanged from previous years’s. Adjusted for currency effects, EBIT before special items rose significantly compared with the previous year. With like-for-like sales growth of 2.2%, the group’s business also developed favourably during the first half of 2014/15, supported by the earlier Easter business compared with the previous year. “The rigorous realignment of our sales lines and our successful efforts to tap new retail channels and formats are increasingly paying off, particularly at METRO Cash & Carry and Media-Saturn. Both sales divisions are now experiencing sustained positive like-for-like sales growth,” said Olaf Koch, Chairman of the Management Board of METRO AG. “Real Germany also enjoyed a positive like-for-like sales trend. This shows that we are on the right track with our investments in the modernisation of the company and new concepts”.

METRO GROUP’s online retail and delivery businesses continued to gain momentum during the first half of 2014/15: Delivery sales grew by 10.5% to €1.4 billion (H1 2013/14: €1.3 billion). In Q2 2014/15, delivery sales also rose sharply by 10.2% to €0.7 billion. During the first half of 2014/15, METRO GROUP’s online sales totalled €1.0 billion, an increase of about 27% compared with the previous year’s period. Online sales also grew substantially during the second quarter of 2014/15, rising by 23% to €0.5 billion.

Adjusted for currency effects and portfolio changes, METRO GROUP posted sales growth of 2.8% during the first half of 2014/15 (1 October 2014 to 31 March 2015) compared with the previous year’s period. With €32,7 billion reported sales came in slightly below previous year’s level. This is due mostly to the disposal of Real in Eastern Europe as well as to significant negative currency effects in large parts of Eastern Europe, particularly Russia and Ukraine. On a like-for-like basis, sales increased markedly by 2.2%. In the second quarter (1 January to 31 March 2015), sales adjusted for currency effects and portfolio changes grew by 3.2%. Despite high negative currency effects, reported sales increased by 0.3% to €14.4 billion. Like-for-like sales in-creased by 2.5%, the strongest gain in 7 years. This positive development was supported by the earlier Easter business compared with the previous year.

In Germany, sales increased by 0.9% to €13.6 billion during the first half of 2014/15. During the second quarter, the strong development at Media-Saturn had a particularly positive effect on sales, which increased by 1.8%. The earlier Easter business also contributed to this development. International sales fell by 2.5% to €19.1 billion in H1 2014/15, due mostly to exchange rate developments. In spite of negative portfolio effects, currency-adjusted sales increased by 1.2%. Sales declined slightly by 0.8% in the second quarter, but increased by 2.0% in local currency.

In Western Europe (excluding Germany), sales rose by 1.0% to €10.0 billion in H1 2014/15. This is due to positive developments at Media-Saturn. In Q2 2014/15, sales climbed by 0.9%. In Eastern Europe, sales declined by 11.9% to €6.9 billion in H1 2014/15. The decrease primarily resulted from distinctly negative currency effects and the disposal of Real in Eastern Europe. Currency-adjusted sales increased by 0.6%. Sales fell by 11.3% in the second quarter of 2014/15, while sales in local currency increased by 2.7%. Sales in Asia/Africa grew markedly by 18.0% to €2.2 billion, supported by positive currency effects besides favourable operational developments. Measured in local currency, sales rose by 4.6%. On the back of stronger momentum, sales rose by 24.2% in Q2 2014/15 (in local currency: +6.0%).

 

METRO GROUP H1 2013/14
(€ M)
H1 2014/15
(€ M)
 Change
(in €)
Change
(in local currency)
Sales 33,047 32,677
-1.1% 1.1%
Germany 13,508 13,623
0.9% 0.9%
Western Europe
(Excl. Germany)
9,853 9,953
1.0% 0.9%
Eastern Europe 7,780 6,852
-11.9% 0.6%
Asia/Africa 1,906 2,248
18.0% 4.6%
METRO GROUP Q2 2013/14
(€ M)
Q2 2014/15
(€ M)
 Change
(in €)
Change
(in local currency)
Sales 14,326 14,366 0.3% 2.0%
Germany 5,799 5,905 1.8% 1.8%
Western Europe
(Excl. Germany)
4,322 4,361 0.9% 0.5%
Eastern Europe 3,170 2,813 -11.3% 2.7%
Asia/Africa 1,036 1,287 24.2% 6.0%

During the first half of 2014/15, EBIT at METRO GROUP stood at €418 million (H1 2013/14: €861 million). This figure includes positive special items totalling €566 million (H1 2013/14: €172 million). EBIT before special items amounted to €984 million (H1 2013/14: €1,033 million). This decline is due, in particular, to foreign exchange losses of €90 million, primarily in relation to Russian rouble. As a result, EBIT before special items adjusted for currency effects increased in the reporting quarter. In Q2 2014/15, EBIT totalled €-590 million (Q2 2013/14: €-233 million). Special items totalling €550 million (Q2 2013/14: €193 million) primarily relate to a goodwill impairment at Real. EBIT before special items came in at €-40 million (Q2 2013/14: €-40 million). Adjusted for negative currency effects of about €30 million, EBIT before special items thus improved significantly.

In the first half of 2014/15, Earnings before tax amounted to €243 million (H1 2013/14: €541 million). Before special items, earnings before taxes totalled €799 million (H1 2013/14: €749 million). Reported tax expenses of €181 million (H1 2013/14: €299 million) correspond to a group tax rate of 74.6% (H1 2013/14: 55.2%). The tax rate before special items stands at 45.2% (H1 2013/14: 45.2%). In the first half of 2014/15, net profit for the period amounted to €62 million (H1 2013/14: €242 million). Net profit for the period before special items improved to €438 million from €411 million. In the first half of 2014/15, earnings per share amounted to €0.03 (H1 2013/14: €0.56). Adjusted for special items, earnings per share amounted to €1.16, after €1.07 in the previous year’s period. In Q2 2014/15, earnings per share came to €-1.21 (Q2 2013/14: €0.82). Adjusted for special items, earnings per share in Q2 2014/15 stood at €-0.21 (Q2 2013/14: €-0.28).

Net debt of METRO GROUP amounted to €5.6 billion on 31 March 2015, a drop of around €800 million compared with the total on 31 March 2014.

 

Earnings of METRO GROUP
(€ million)
H1 2013/14 H1 2014/15
EBIT before special items 1,033 984
Earnings before tax (EBT) and special items 749 799
Net profit for the period before special items 411 438
Net profit for the period attributable to shareholders of METRO AG before special items 348 378
Earnings per share before special items in € 1.07 1.16
EBIT 861 418
EBT (earnings before taxes) 541 243
Net profit for the period 242 62
Net profit for the period attributable to shareholders of METRO AG 182 10
Earnings per share in € 0.56 0.03
Earnings of METRO GROUP
(€ million)
Q2 2013/14 Q2 2014/15
EBIT before special items -40 -40
Earnings before taxes (EBT) and special items -184 -110
Net profit for the period before special items -92 -63
Net profit for the period attributable to shareholders of METRO AG before special items -92 -67
Earnings per share before special items in € -0.28 -0.21
EBIT -233 -590
EBT (earnings before taxes) -403 -658
Net profit for the period -271 397
Net profit for the period attributable to shareholders of METRO AG -269 394
Earnings per share in € -0.82 1.21

Outlook

The forecast is based on the current group structure and refers to currency-adjusted figures. In addition, it is based on the assumption of an unchanged geopolitical situation from the quarterly report for Q1 2014/15.

For the financial year 2014/15, METRO GROUP expects to see a slight rise in overall sales, despite the persistently chal-lenging economic environment. In like-for-like sales, METRO GROUP foresees a slight in-crease that will follow the 0.1% gain in the previous year. In the financial year 2014/15, earnings development will also be shaped by the persistently challenging economic environment. Given the progress made so far, METRO GROUP will continue to realign its business models with a focus on efficient structures and strict cost control. For these reasons, METRO GROUP expects EBIT before special items adjusted for currency effects with a difference development in the individual sales lines to rise slightly above the €1,727 million produced in the financial year 2013/14, including typical levels of income from real estate sales.

METRO Cash & Carry

Overall, METRO Cash & Carry continued its very positive development, recording the seventh consecutive quarter of like-for-like sales growth at 1.1%. Due to exchange rate factors (primarily Russian rouble), however, sales in euro decreased by 3.1% to €14.9 billion in the first half of 2014/15. By contrast, sales in local currency declined by 0.6%. In Russia the sales line recorded double-digit like-for-like growth. Sales fell by 2.5% in the second quarter of 2014/15, while sales in local currency increased by 0.3%. Delivery sales continued their positive trend, rising by 10.5% to €1.4 billion in the first half of 2014/15. Delivery sales now account for 9.3% of METRO Cash & Carry sales. Sales from the delivery business continued their upward trend in Q2 2014/15, rising by 10.2% to €0.7 billion.

During the first half of 2014/15, EBIT amounted to €504 million (H1 2013/14: €451 million) and included special items of €15 million. These concern, in particular, a goodwill impairment at METRO Cash & Carry in Pakistan. EBIT before special items amounted to €519 million (H1 2013/14: €583 million). This decline is due mostly to very negative year-over-year currency effects of about €90 million in Russia. As a result, METRO Cash & Carry’s EBIT improved in local currency terms. In Q2 2014/15, EBIT before special items came to €37 million (Q2 2013/14: €43 million). This figure includes negative currency effects of about €30 million. As such, EBIT actually improved significantly in currency-adjusted terms.

METRO Cash & Carry H1 2013/14
(€ M)
H1 2014/15
(€ M)
Change
(in €)
Change
(in local currency)
Like-for-like
(in local currency)
Sales 15,369 14,889 -3.1% 0.6% 1.2%
Germany 2,441 2,402 -1.6% -1.6% -1.6%
Western Europe
(Excl. Germany)
5,192 5,045 -2.8% -2.8% -1.4%
Eastern Europe 5,833 5,198 -10.9% 3.7% 4.4%
Asia/Africa 1,903 2,244 17.9% 4.5% 3.9%
EBIT before special items
583 519 € -64 million
METRO Cash & Carry Q2 2013/14
(€ M)
Q2 2014/15
(€ M)
 Change
(in €)
Change
(in local curreny)
Like-for-like
(local currency)
Sales 6,861 6,691 -2.5% 0.3% 1.1%
Germany 1,078 1,048 -2.8% -2.8% -2.9%
Western Europe
(Excl. Germany)
2,276 2,190 -3.8% -3.8% -1.6%
Eastern Europe 2,472 2,169 -12.3% 2.8% 4.7%
Asia/Africa 1,035 1,285 24.2% 6.0% 4.0%
EBIT before special items
43 37 € -6 million

Media-Saturn

Media-Saturn continued and accelerated its positive sales trend during the past quarter. In Q2 2014/15, like-for-like sales jumped by 5.2%. Overall, sales increased by 4.8% to €12.0 billion during the first half of 2014/15. Partly as a result of the expansion, sales in local currency even grew by 6.1%. Like-for-like sales in-creased by 4.4%. All regions contributed to the positive sales development. Sales grew by 5.7% in the second quarter and by as much as 6.9% in local currency. Like-for-like sales increased by 5.2%. In tandem with the positive sales development, Media-Saturn managed to expand its market share in several countries. In Germany, sales increased by 7.0% to €2.4 billion. Like-for-like sales increased by 5.9%. Several successful marketing activities contributed to this positive development. In addition, as market leader, Media-Saturn benefited from positive broad market developments. Following exceptionally strong growth in Russia resulting from strong pull-forward effects during the first quarter, business slowed somewhat during the second quarter. Business developments were particularly favourable in Hungary and Poland.

Media-Saturn continued to forge ahead with the rigorous expansion of its online business and the dovetailing of its sales channels during the first half of 2014/15. As a result, online sales rose markedly by about 25% to €0.9 billion, accounting for nearly 8% of Media-Saturn’s total sales. Online sales also grew during the second quarter, rising by more than 20% to €0.4 billion. In the meantime, the multi-channel offering established as an integral part of Media-Saturn’s business. The online product range was expanded once again. At the end of March 2015, it comprised more than 110,000 products at Mediamarkt.de and more than 100,000 at Saturn.de.

EBIT of Media-Saturn jumped sharply in the first half of 2014/15, rising to €332 million (H1 2013/14: €266 million). This figure includes positive special items totalling €38 million (H1 2013/14: €9 million), which mostly relate to store-related restructuring measures. EBIT before special items amounted to €369 million (H1 2013/14: €275 million), a significant improvement of 34.5%. The strong increase was largely due to good like-for-like sales growth. In Q2 2014/15, EBIT before special items improved markedly to €20 million from a negative result of €-14 million in the previous year’s quarter.

Media-Saturn H1 2013/14
(€ M)
H1 2014/15
(€ M)
 Change
(in €)
Change
(in local currency)
Like-for-like
(in local currency)
Sales 11,482 12,035 4.8% 6.1% 4.4%
Germany 5,388 5,588 3.7% 3.7% 2.7%
Western Europe
(Excl. Germany)
4,565 4,815 5.5% 5.1% 3.7%
Eastern Europe 1,529 1,632 6.7% 18.5% 13.2%
EBIT before special items 275 369 € +94 million
Media-Saturn Q2 2013/14
(€ M)
Q2 2014/15
(€ M)
 Change
(in €)
Change
(in local currency)
Like-for-like
(in local currency)
Sales 4,881 5,161 5.7% 6.9% 5.2%
Germany 2,242 2,399 7.0% 7.0% 5.9%
Western Europe
(Excl. Germany)
2,001 2,127 6.3% 5.4% 3.7%
Eastern Europe 638 634 -0.6% 11.7% 8.0%
EBIT before special items -14 20 €+34 million

Real

As a result of the disposal of Real Eastern Europe, sales at Real declined from €4.5 billion to €4.1 billion in the first half of 2014/15. The figure for the previous year’s period still included sales of Real in Poland and Turkey. Due to store closures, sales of Real Germany declined by 0.7% to €4.1 billion in the first half of 2014/15. In turn, like-for-like sales increased by 1.0%. In Q2 2014/15, sales decreased by 0.7%. Like-for-like sales increased by 1.1%, helped by the earlier Easter business. Deflationary developments, particularly in the ultra-fresh produce area, as well as a late start to the gardening season prevented an even better development. Sales of Real Online developed favourably. Online sales doubled to €10 million during the second quarter of 2014/15.

In H1 2014/15, EBIT of Real stood at €-432 million (H1 2013/14: €34 million). This figure includes special items totalling €480 million (H1 2013/14: €23 million). Against the backdrop of earnings developments, this relates to goodwill impairments, in particular. Following a sustainable repositioning, Real has carried out impairments for goodwill resulting from company acquisitions that were completed 17 years ago. EBIT before special items amounted to €48 million, compared with €56 million in the previous year’s period. The decline was driven by increased general cost, but also especially caused by activities for a sustainable improvement of customer perception and competitiveness. Thus, the marketing activities were intensified in H1 2014/15 and expenditures for store remodelling were increased in order to align more stores with the new concept. In Q2 2014/15, EBIT before special items came to €-36 million (Q2 2013/14: €-41 million). This result also includes the earlier Easter business.

Real H1 2013/14
(€ M)
H1 2014/15
(€ M)
 Change
(in €)
Change
(in local currency)
Like-for-like
(in local currency)
Total sales
4,507 4,059 -9.9% -9.9% 1.0%
Germany 4,089 4,059 -0.7% -0.7% 1.0%
EBIT before special items
56 48 € -8 million
Real Q2 2013/14
(€ M)
Q2 2014/15
(€ M)
Change
(in €)
Change
(in local currency)
Like-for-like
(in local currency)
Total sales
1,900 1,829 -3.8% -4.0% 1.1%
Germany 1,841 1,829 -0.7% -0.7% 1.1%
EBIT before special items
-41 36 € +5 million

Galeria Kaufhof

During the first half of 2014/15, sales at Galeria Kaufhof fell by 1.0% to €1.7 billion. Like-for-like sales decreased by 1.1%. This trend improved slightly during the second quarter of 2014/15, with like-for-like sales declining by 0.6%. As a result, Galeria Kaufhof outperformed the textile market in several segments, thereby expanding its market share.

In H1 2014/15, EBIT stood at €115 million (H1 2013/14: €157 million). Special items amounted to €11 million. This concerns primarily store-related restructuring expenses. EBIT before special items dropped to €126 million (H1 2013/14: €157 million). The decline is due mostly to the fact that winter items had to be sold at a discount as the seasonal business progressed. In Q2 2014/15, EBIT before special items came to €-13 million (Q2 2013/14: €-2 million). Discounts and diminishing like-for-like sales resulted in this decrease.

Galeria Kaufhof H1 2013/14
(€ M)
H1 2014/15
(€ M)
Change
(in €)
Like-for-like
Sales 1,684 1,667 -1.0% -1.1%
Germany 1,588 1,574 -0.9% -0.8%
Western Europe 96 93 -3.2% -5.9%
EBIT before special items 157 126 € -31 million
Galeria Kaufhof Q2 2013/14
(€ M)
Q2 2014/15
(€ M)
 Change
(in €)
Like-for-like
Sales 682 674 -1.1% -0.6%
Germany 637 630 -1.0% -0.3%
Western Europe 45 43 -2.9% -5.8%
EBIT before special items
-2 -13 €-11 million
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 30 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.

METRO GROUP expands commitment to the start-up sector; takes a share in the American online professional networking site Culinary Agents

  • A strategic partnership with the start-up Culinary Agents
  • Market niche for the recruitment of qualified personnel to restaurants, hotels and caterers
  • Online job network expanding into France and Italy

Düsseldorf, Germany, 2015-4-28 — /EPR Retail News/ — METRO GROUP is expanding its commitment to the start-up sector, taking a share in the American online professional networking site Culinary Agents. The young company has specialised itself in job matching, networking, and mentoring for food service and hotel professionals and, in cooperation with METRO Cash & Carry, will offer its services for the first time this year in France and Italy. As a shareholder in the start-up, METRO GROUP will support its continuing expansion in the US, as well as growth into Europe and Asia.

With its stake in the online job network Culinary Agents, METRO Cash & Carry will offer its most important customer group of hotel, restaurant and catering professionals (HoReCa) an additional service for their everyday success in business. With more than 40,000 registered users in the United States, Culinary Agents has already shown that it occupies a market niche in the food, beverage and hospitality industry. Together with METRO Cash & Carry, the global leader in self-service wholesale, Culinary Agents will kick off its own job networks in Italy and France this year. “The services offered by Culinary Agents greatly enrich our professional customers’ business. With Culinary Agents, we can facilitate their search for qualified personnel, which presents a serious problem for many entrepreneurs – especially in the hospitality industry,” said Olaf Koch, Chairman of the Management Board of METRO AG and CEO of METRO Cash & Carry. “We are happy to have found an especially promising partner in Culinary Agents and will closely accompany the start-up in its growth. Our commitment once again shows that we understand and support our customers as independent businesses.”

“METRO is showing itself to be a true thought leader by working with Culinary Agents to expand our reach to its customers, employees, and overall HoReCa community,” said Alice Cheng, founder of Culinary Agents. “Our mission is to help people across the restaurant, hotel, catering and overall hospitality sectors with talent sourcing, job matching, and professional networking. METRO sees the value of providing the much needed assistance in these areas, which have historically been major pain points for the industries we serve. This partnership will enable us to build a global network to help talent and businesses across the HoReCa space.”

The continual search for qualified and reliable employees is a significant issue for many food service and hotel professionals worldwide. Around 80 per cent of self-employed German food service and hotel managers find it increasingly difficult to find good staff – a serious hurdle for their independence, as the METRO Start-Up Study 2014 showed. The European market presents a similar picture. Culinary Agents, which Cheng founded in 2012, offers technology based solutions focused on job matching, career development and mentorship in the HoReCa industry.

Culinary Agents’ technology and services are a cost-effective way to source all levels of positions for various types of hospitality businesses. Unlike other job sites, which are often static, Culinary Agents has an automatic matching process, which tees up opportunities to talent and talent to businesses, along with tools to support applicant matching, messaging, and management.

The partnership with METRO Cash & Carry will also enable Culinary Agents to grow in Europe and Asia. This year, new Culinary Agents networks in France and Italy will create a starting point for this growth. METRO Cash & Carry is intensively supporting market entry in both countries. In order to foster growth over the long term, METRO GROUP, together with the two investors RRE Ventures and Female Founders Fund, will be partners in the start-up.

 

METRO GROUP is one of the most important international trading companies. In the financial year 2013/14, it generated sales of about €63 billion. The company operates around 2,200 stores in 30 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.

Culinary Agents is changing the hotel, restaurant and catering industry (HoReCa), through its development of a professional networking and job matching website for current and aspiring HoReCa professionals. With more than 40,000 users in 30+ cities across the U.S., Culinary Agents supports all types of food service establishments, catering businesses, specialty retail stores, and hotels, as well as schools and non-profit organizations in the HoReCa industry. The strength of Culinary Agents’ platform is in its technology and reach. Through its website, Culinary Agents provides businesses with an efficient, cost effective way to source HoReCa talent for jobs of all levels, while enabling job seekers to represent themselves professionally, pinpoint appropriate job opportunities, and find resources to help fuel their careers. For more information, please visit www.culinaryagents.com.

METRO GROUP to adjust the goodwill resulting from companies acquired 17 years ago as part of sustainable repositioning of the hypermarket chain Real

  • Around €450 million impairment of goodwill from the takeover of Allkauf and Kriegbaum stores in 1998
  • No effect on Group guidance before special items
  • Major investments into stores and services intended

Düsseldorf, Germany, 2015-4-24 — /EPR Retail News/ — As part of a sustainable repositioning of the hypermarket chain Real, METRO GROUP will adjust the goodwill resulting from companies acquired 17 years ago. With this move, METRO GROUP creates a solid balance sheet foundation and more room to manoeuvre for the already successfully initiated repositioning of Real. Building on the success of the repositioning to date, METRO GROUP intends to invest extensively into the modernisation of Real’s stores and customer services in the next few years.

“During the past three years we have already significantly invested into the modernisation and realignment of Real and observe very positive developments at those hypermarkets that have already been converted to the new concept, especially in terms of sales”, said Olaf Koch, Chairman of the Management Board of METRO AG and also Chairman of the Supervisory Board of Real SB-Warenhaus GmbH. “Based on the positive insights that we have gained from the modernisation process so far, we will continue investing into the concept conversion of our stores. However, our earnings are already strongly affected by distortions in the German pay scale structure and increased investments into competitiveness. Against this backdrop and to maintain the leeway required to this effect, we have now impaired this goodwill and thereby taken out the pressure from the balance sheet. As we are targeting a sustainable repositioning of Real, we intend to continue investing into the Real business model also in the coming years.”

“Specifically, METRO AG is recognizing goodwill adjustments in the amount of some €450 million in its consolidated balance sheet”, explains Mark Frese, Chief Financial Officer of METRO AG. This book value resulted mostly from METRO GROUP’s takeover of the Allkauf hypermarket chain as well as of the stores from the retail group Kriegbaum and their merger with Real in 1998. “This impairment of goodwill represents a non-cash special item”, said Frese. METRO GROUP therefore continues to expect EBIT before special items adjusted for currency effects to rise slightly above the €1,727 million achieved in financial year 2013/14.

Real has invested heavily into various measures for more customer centricity, including in particular, into the store infrastructure, merchandise presentation and freshness assortments, own brands as well as into the multi-channel appearance during the past 18 months. As many as 82 of the total of more than 300 Real hypermarkets have already been modernised and report gratifying growth in sales and customer frequency.

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 30 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.

METRO GROUP achieved its sales and profit targets for the financial year 2013/14

  • Sales and EBIT guidance achieved in the financial year 2013/2014
  • Proposed dividend of €0.90 per ordinary share
  • Q1 2014/15: sales adjusted for portfolio changes and currency effects rose by 2.6%; EBIT before special items exceeds exchange-rate adjusted EBIT for previous year
  • Forecast 2014/15: exchange-rate adjusted sales and profits expected to continue increasing
  • New target: by 2017, METRO GROUP aims to fill 25% of management positions, including at Management Board level, with women
  • Supervisory Board: retail expert Gwyn Burr proposed for election

Düsseldorf, Germany, 2015-2-20 — /EPR Retail News/ — At today’s Annual General Meeting of METRO AG, the Chairman of the Management Board Olaf Koch gave investors a positive account of the Düsseldorf-based retail company for financial year 2013/14. “We constantly work to improve the range of products and services offered by each sales line and to make them more attractive – with increasing success. Thus we create unique value added for our customers”, Koch said. “The dynamic growth of our online and delivery business has contributed to this positive business development, as have the many creative campaigns to mark the 50th anniversary of METRO Cash & Carry. Furthermore, we have made clear progress in reducing our debt and optimising our portfolio. To continue this positive development, we will intensify METRO GROUP’s transformation process even further in 2014/15.”

METRO GROUP had achieved its sales and profit targets for the financial year 2013/14: EBIT before special items reached €1,727 million and sales adjusted for portfolio changes and currency effects rose by 1.3%. By reducing net debt by €736 million, METRO GROUP materially strengthened its economic substance. To allow its shareholders to benefit from the positive business development too, a dividend of €0.90 per ordinary share will be proposed to today’s Annual General Meeting.

Good start to the financial year 2014/15

In the first quarter of the current financial year, METRO GROUP saw growth in operating business: adjusted for currency and portfolio effects, group sales rose by 2.6%. Reported sales declined by 2.2% to €18.3 billion. This decline is due mostly to the sale of Real in Eastern Europe as well as to significant negative currency effects in large parts of Eastern Europe, particularly Russia and Ukraine. On a like-for-like basis, sales increased markedly by 2.1%. At €1,024 million, EBIT before special items was only down on the previous year (Q1 2013/14: €1,073 million) as a result of negative currency effects amounting to €60 million. METRO GROUP also continued to markedly strengthen its balance sheet: year-to-year, net debt declined by around €900 million to just €1.5 billion, the lowest level in more than 10 years.

For the financial year 2014/15, METRO GROUP expects to see a slight rise in overall sales, despite the persistently challenging economic environment. In like-for-like sales, METRO GROUP foresees a slight increase that will follow the 0.1% gain in the previous year. METRO GROUP expects EBIT before special items adjusted for currency effects to rise slightly above the €1,727 million produced in the financial year 2013/14, including typical levels of income from real estate sales. The METRO GROUP forecast is based on the current group structure and refers to currency-adjusted figures. In addition, it is based on the assumption of an unchanged geopolitical situation compared to the last reporting (Annual Report 2013/14).

New target to encourage women into management positions

In order to further increase the share of women in management positions, METRO GROUP has updated its self-imposed commitment in this regard and adjusted the existing target: By 2017, 25% of management executives on levels 1 to 3 should be women. For the Management Board of METRO AG, the Supervisory Board passed a resolution for a target of the same level at the instigation of the Management Board. Currently the quota of women who are working at METRO GROUP’s management levels 1 to 3 is at 18.5%. “A diverse composition of personnel is decisive for the success of our company. We are focusing on long-term, trusting relationships with our customers, who are just as diverse as our employees,” emphasised Heiko Hutmacher, Chief Human Resources Officer and a Member of the Management Board of METRO AG. “Diversity and thus also an adequate women quota must therefore be reflected in all areas of our company – and especially in the top positions.” The Supervisory Board of METRO AG also increased its own targets: Following the Annual General Meeting in 2016, women and men should each make up at least 30% of representatives on the Supervisory Board. The minimum requirement should be fulfilled by representatives of both shareholders and employees.

Supervisory Board elections

The agenda for today’s Annual General Meeting includes an election for an additional member to the Supervisory Board. Gwyn Burr, former executive manager at British retail chain Sainsbury’s, is set to be elected to the Supervisory Board of METRO AG for the first time. Burr joined the Board by court appointment at the end of December 2014. Her appointment expires at the end of the Annual General Meeting. She will thus complement the shareholder representatives as successor to Baroness Lucy Neville-Rolfe. The Annual General Meeting will now take a decision on Burr’s continued service on the Supervisory Board.

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 30 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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Preliminary METRO GROUP sales in Q1 2014/15 grew by 2.6% compared to the previous year quarter

  • Group sales up by 2.1% in like-for-like terms; 2.6% increase in sales adjusted for currency effects and portfolio changes
  • Christmas business overall positive
  • METRO Cash & Carry records like-for-like sales growth of 1.4%; noticeable growth in Eastern Europe and Asia
  • Media-Saturn grows like-for-like by 3.8%
  • Real with like-for-like sales growth of 0.9%

Düsseldorf, Germany, 2015-1-15 — /EPR Retail News/ — Preliminary METRO GROUP sales in Q1 2014/15, adjusted for currency effects and portfolio changes, grew by 2.6% compared to the previous year quarter. Reported sales declined by 2.2% to €18.3 billion mainly due to the disposal of Real Eastern Europe and the substantial negative currency effects in many parts of Eastern Europe, but particularly in Russia and Ukraine. However, like-for-like sales increased by 2.1%. “Despite the persistently challenging environment we were able to continue the positive like-for-like sales performance at the start of the new financial year,” said Olaf Koch, Chairman of the Management Board of METRO AG. “Christmas business was overall positive. In December, all sales divisions increased their like-for-like sales. This positive development means that we have created a solid basis for further success in our transformation and achieving our full-year sales outlook.”

METRO GROUP also successfully continued its transformation process at the start of financial year 2014/15 and expanded its share of sales in the multichannel and the delivery business, amongst others. In Q1 2014/15, METRO GROUP opened a total of 23 new stores across 7 countries, of which 9 were METRO Cash & Carry, 13 Media-Saturn and one Galeria Kaufhof department store. 14 new store openings took place in the important expansion countries Russia and China. The 5 METRO Cash & Carry stores in Denmark were closed at the end of 2014, as announced. In addition there was one METRO Cash & Carry store closure each in Rumania and Bulgaria. As announced, Real closed 5 stores and Galeria Kaufhof 2 department stores.

METRO GROUP Q1 2013/14 Q1 2014/15
Sales (€ billion) 18.7 18.3
Change (€) -3.3% -2.2%
Change (in local currency) -1.4% 0.4%
Like-for-like -0.2% 2.1%

 

Development of the sales divisions in Q1 2014/15

 

METRO Cash & Carry

All in all, METRO Cash & Carry enjoyed its sixth successive quarter of positive development, with like-for-like sales growth of 1.4%. In Eastern Europe and Asia in particular, there were distinct increases in like-for-like sales. Double-digit like-for-like sales growth was in particular achieved in Russia. Reported sales in Russia declined due to the extremely poor development of exchange rates. In Western Europe, like-for-like sales decreased slightly due to business development in Belgium and the Netherlands. In Germany, like-for-like sales also declined slightly.

The delivery sales growth at METRO Cash & Carry was once again gratifyingly above 10%.

METRO Cash & Carry Q1 2013/14 Q1 2014/15
Sales (€ billion) 8.5 8.2
Change (€) -1.1% -3.6%
Change (in local currency) 2.2% 1.1%
Like-for-like -0.9% 1.4%

 

Media-Saturn

Media-Saturn recorded extremely positive sales development, with the positive sales trend observed over previous quarters continuing with strong like-for-like sales growth of 3.8%. Due to the expansion, reported sales in local currency even rose by 5.6%. All regions contributed to the positive sales development, and like-for-like sales rose in almost all countries. In Western Europe, Spain experienced particularly positive development with double-digit like-for-like sales growth. Business in Eastern Europe grew significantly, with Hungary, Poland and, above all, Russia achieving double-digit like-for-like growth rates.

Media-Saturn continued the systematic expansion of online business, as well as the integration of all sales channels, in Q1 2014/15. As a result, online sales rose significantly by over 25%.

Media-Saturn Q1 2013/14 Q1 2014/15
Sales (€ billion) 6.6 6.9
Change (€) -0.7% 4.1%
Change (in local currency) 0.4% 5.6%
Like-for-like -1.0% 3.8%

 

Real

After the sale of Real Eastern Europe, Real is focusing on business in Germany. Like-for-like sales rose by 0.9%. With autumn dominated by intense competition, December saw again a significant positive development. A total of 50 stores have already been remodelled since October 2013 on the basis of the market concept successfully established in Essen. Real now offers an optimised product range, attractive prices and an enhanced shopping atmosphere in all remodelled stores. In financial year 2014/15, more stores are set to be remodelled in line with the new concept.

Real Q1 2013/14 Q1 2014/15
Sales (in € bn.) 2.6 2.2
thereof Germany (€ billion) 2.2 2.2
Change(€) -2.2% -0.7%
Like-for-like -2.1% 0.9%

 

Galeria Kaufhof

At Galeria Kaufhof, like-for-like sales fell year on year by 1.4%. A major reason for this was the mild weather conditions in autumn, which led to a poor start to the winter season for German textile sales. This decline was unable to be fully compensated in December even though Christmas business led to major increases in sales.

Galeria Kaufhof Q1 2013/14 Q1 2014/15
Sales (in € bn.) 1.0 1.0
Change(€) 0.6% -1.0%
Like-for-like 0.6% -1.4%

 

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 30 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.

METRO GROUP acquires 15% stake in Düsseldorf-based start-up retailer Emmas Enkel

  • Real supplies Emmas Enkel stores
  • Significant acceleration of expansion in German city centres

Düsseldorf, Germany, 2014-12-12 — /EPR Retail News/ — Emmas Enkel, an emerging corner store and online food retailer, has found a strong partner: METRO GROUP is a new shareholder in the Düsseldorf-based start-up company and now supports its business processes as well as the further growth of the retailer across the whole of Germany. Among others, an intensification of its expansion in Germany and the supply of all stores by METRO’s sales line Real are planned.

Emmas Enkel (which translates to Emma’s grandchildren) combines conventional retail in the tradition of the former corner stores, or so called “mom-and-pop stores” with modern online retail. The start-up company currently operates two stores in Düsseldorf and Essen. “We are pleased to move forward into the future together with Emmas Enkel. At the heart of the concept is the absolute proximity to the customer, and this is also what our sales lines are committed to”, says Olaf Koch, Chairman of the Management Board of METRO AG and CEO of METRO Cash & Carry. “We will support this innovative young retail company as a partner in the opening of further locations in German city centres”.

To this effect, METRO GROUP acquired a 15 percent stake in the Düsseldorf-based multichannel start-up. As an operational partner, the sales line Real supports the sourcing process of the city-centre stores: Real supplies Emmas Enkel with quality food, regional fresh produce, household items and drugstore products as well as own brand articles.

“Real is one of the most innovative players in the German retail sector. For several years already, we have been very successfully testing different distribution channels in addition to our store-based business. The next step is now to offer more customers solutions for their food purchases that optimally match their personal circumstances. This way, we are responding to the growing customer demand for planning their shopping according to individual needs and time available. Here, Emmas Enkel offers the perfect complement allowing us to reach also new customers, especially in city center locations”, explains Didier Fleury, CEO of Real.

The concept of Emmas Enkel links the best of “the good old times” with the technology of the internet age. The two young entrepreneurs Sebastian Diehl and Benjamin Brüser founded Emmas Enkel in 2011. Since then, customers can conventionally buy fresh groceries, office supplies as well as drugstore products and household items at the counter of a centrally located corner store. Alternatively they can order them via smart phone and online shop and have them delivered to their home. “We are pleased that, with METRO GROUP and Real we have found competent, experienced partners with a strong national footprint”, said Sebastian Diehl. “Our business model combining traditional and digital retail is extremely well received by the customers. Together with our new shareholder and our existing co-partners Andreas Bremke, Hartmut Ostrowski and Christian Busch, we plan to rapidly accelerate our expansion in Germany in the next few months”.

Emmas Enkel has around 3,500 articles on stock at the different stores. Customers collect their picked purchases at the store or have them delivered to their homes by the food delivery service in the metropolitan areas of Düsseldorf, Essen or the entire Ruhr Region on the same day. Delivery is always handled from one of the stores. That is where the employees pick the customer’s purchases according to his choice: whether for the soccer evening, breakfast or dinner with friends, the complete “healthy week” or filling up the refrigerator after returning from vacation. The atmosphere at the homey local corner store, including a lounge area and in-store online ordering options as well as friendly and competent staff, combined with modern ordering and delivery services characterise the concept.

“Acquiring a stake in Emmas Enkel is also in line with our strategy of opening up all customer-oriented and innovative distribution channels for METRO GROUP”, stresses Olaf Koch. “It is only a small step for now – but it sends a strong signal and offers a very high potential”.

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 GROUP and Groupe Auchan announce international purchasing partnership

  • Joint negotiations with multinational suppliers on global level
  • Combined sourcing of non-food private label products
  • Partnership brings benefits for customers
  • Agreement effective from November 2014

Croix/Düsseldorf, 2014-10-23— /EPR Retail News/ — Within the framework of the changing global retail environment, METRO GROUP and Groupe Auchan today announced their agreement to enter into an international purchasing partnership. This cooperation is clustered in two agreements that will combine the complementary strengths of the retailer Groupe Auchan and the wholesale and food retail divisions of METRO GROUP.

  • In the first place, an international cooperation agreement enabling joint negotiations of additional and on specific international services and conditions for the most important international suppliers of branded consumer products on global level.
  • Secondly, an international sourcing agreement will be put in place enabling joint worldwide purchasing of non-food products that each company will resell individually under its own brand labels or as no-name labels.

Electronic consumer products are excluded from these two agreements.

The agreed partnership combines for the first time the bargaining power of two leading companies, which operate two different business models with an ideal geographical fit.

The partnership is new in the worldwide retail environment, as it is combining the purchasing powers of a predominantly wholesaling company with those of one of the leading retailers. For the partnership, there is no overlap between Groupe Auchan and METRO GROUP in terms of sales activities in the same geographical markets. Groupe Auchan’s core business is in the retail market for sale of daily goods to consumers. METRO GROUP is active in the wholesale sector for business customers and food retail activities in countries where Groupe Auchan is not present. This led the two groups to consider the development of a partnership that will bring business growth and benefits for costumers.

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METRO GROUP is one of the largest and most important international trading 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.

GROUPE AUCHAN is the world’s 11th largest food retailer. It operates in 16 countries and has 302,000 employees.

It is structured into 5 core businesses: hypermarkets (839 fully-consolidated stores and 154 under management mandates, associated or franchised), supermarkets (818 fully-consolidated stores and 1,928 franchised and associated), retail real estate (Immochan), banking (Oney Banque Accord), e-commerce and other activities. The Group’s vision is to improve the purchasing power and quality of life for the greatest number of customers, with responsible, professional, committed and respected employees.

In 2013, Groupe Auchan reached a consolidated revenue excluding taxes of €48.1 billion, 58% coming from outside France.

More information on www.groupe-auchan.com.

Press contact: François Cathalifaud – Tel. + 33 (0)1 58 65 08 10 – fcathalifaud@auchan.fr
Investor relations: Vincent Schiltz – Tel. + 33 (0)3 20 81 68 54 – v.schiltz@auchan.fr