With Real Out Of The Way, Metro Can Now Focus On Core Business: Analysis
The news yesterday evening that Metro AG has found a buyer for its hypermarket business is likely to be welcomed both by the group's shareholders and by top management, who can now focus on steadying the wholesaler's ship.
This morning, the group posted its second-quarter results, saying that like-for-like sales were up 1.2% in second quarter of its financial year, despite the Easter shift, with positive performances in Eastern Europe (excluding Russia), which was up 6.8% on a like-for-like basis, and Asia, which was up 3.6%.
Reported sales across the group were up 0.2% in the quarter, to €6.75 billion.
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