Get the app today! Download iPhone App Download Android App

Metro Group Lowers Outlook On Weak Russia Business

Published on Apr 23 2018 7:30 AM in Retail tagged: Featured Post / Metro Group / Unions / Olaf Koch / Paywall / Germany Ceconomy

Metro Group Lowers Outlook On Weak Russia Business

Germany's Metro Group has lowered its earnings outlook for its 2017/18 financial year, citing poor performance at its Russian operations, sending its shares lower.

Metro now expects earnings before interest, tax, depreciation and amortisation to increase only slightly, compared with previous guidance of a roughly 10 percent increase.

Metro, which runs wholesale stores in 35 countries as well as Real hypermarkets in Germany, expects sales to increase by only 0.5 percent, down from earlier guidance for a 1.1 percent rise.

please subscribe or sign in to continue reading

image description

Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.

A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!

Share on Facebook Share on Twitter Share on Google+ Share on LinkedIn Share on Tumblr Share via Email