Metro AG Sees Further Turnaround In Hypermarket Business
Germany’s Metro AG has reported a 1.7% increase in sales in its Real hypermarket business for the first half of the year, with the division posting sales of €3.77 billion for the period.
The group said that Real saw a 3.9% increase in sales in the second quarter, which was largely due to the shift in Easter business.
EBITDA at the division was €136 million for the half, up from €88 million for the same period the previous year – a period that included significant restructuring measures.
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