Metro Group Sees Marginal Sales Increase
Germany's Metro Group posted a like for like sales increase of 0.2% in the nine months to Q3, the retailer announced this morning.
It said that its performance was 'on a par' with that reported last year, with its EBIT increasing 'significantly' from €487 million to €1,170 million in the nine month period.
Its cash and carry business posted its twelfth consecutive quarterly increase, while for Media-Saturn it was the eighth consecutive increase.
Online sales at Media Markt and Saturn rose by 35%.
"We are on the right track with our transformation of the company to achieve more growth, customer orientation and entrepreneurial behaviour: That is once again confirmed by the record figure for delivery sales and the continued growth of the online business," said Olaf Koch, Chairman of the Management Board of METRO AG.
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones