Metro Sees Steady Sales Growth In First Trading Year
German retailer Metro has reported that sales increased by 1.6%, to €37.1 billion, in its 2017 financial year, with like-for-like sales up by 0.5%.
The company says that these results provide a ‘solid basis’ after a transitional year. In July, Metro Group completed its demerger, dividing the business into two independent public companies.
The group created a wholesale and food specialist under the brand name Metro, which includes Metro Cash & Carry and the Real hypermarket chain, and a consumer-electronics company, Ceconomy.
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