Metro Group news

16 January 2020
Metro Group has reported sales growth of 2.2%, with same store sales up 1% compared to last year. Positive performance across most markets Metro Group saw Q1 sales hit €7.5bn, with strong growth in many of its markets. In Asia, sales were up by 3.2%, in part driven by positive currency effects. In Eastern Europe, same store sales increased by 5% and in Western Europe (excluding Germany), sa...
13 December 2019
With the upcoming disposals of the Chinese operations and Real, Metro Group will be better placed to focus on its core wholesale business. Disposals underway The sales of Metro China has been confirmed, with partner Wumei taking a majority stake. Metro Group is expected to receive over €1bn in net proceeds once the deal is completed. Metro has also confirmed that it is in exclusive talks ov...
28 October 2019
Metro Group reports its Q4 sales, which grew by 3.9% to €7.6bn (2.7% on a constant currency basis) and its full year sales which were up by 1.5% to €29.9bn (2.5% on a constant currency basis). Sales by region In Germany, Metro's domestic market, Cash & Carry sales were up 0.6% on a like for like basis, with sales in Western Europe up 2.2% (2% constant currency basis), driven primarily by Po...
14 October 2019
Metro China has agreed to sell a majority stake to Wumart. Metro China will retain 20% stake Metro China kicked off the official selling process in March earlier this year. In May, eight companies were shortlisted as prospective bidders . Metro has released a statement, “this partnership includes the sale of Metro’s entire indirect participation in Metro China to a subsidiary of Wume...
24 September 2019
Food rescue app, Too Good To Go, is expanding its partnership with Metro Group, following a successful trial in Germany and the Netherlands. Expanding to six markets Metro Group will now launch the app in Spain, France, Belgium and Italy. The partnership was first launched in Germany in 2018, with over 12,000 meals saved so far across Germany and the Netherlands. The app allows users to res...
10 September 2019
We bring you the latest online developments from the German market. Rewe launches same-day delivery Rewe has introduced same-day delivery in eight major cities across Germany including Berlin, Cologne and Frankfurt. Shoppers can place an order on the Rewe.de website or app by 1pm and choose a delivery slot from 5pm the same evening. The same-day delivery will not be charged at a higher rate...
25 July 2019
Germany-based Metro reported like-for-like sales increased by 3.4%, while total sales rose by 2.8% to €7.6bn (US$8.47bn) in its third quarter. The company said the growth was driven by all regions, excluding Russia. EBITDA, excluding earnings contributions from real estate transactions, totalled €316m (US$351.2m) in the same period, a rise of €11m on the previous year. Delivery sales account f...
12 June 2019
After the successful launch of Metro Wholesale Myanmar’s online store in March, the retailer plans to open in more locations. Strong performance leading to ambitious target The retailer opened an online store targeting corporate customers in March. The operation already has more than 300 HoReCa (hotels, restaurants and caterers) customers, with Metro delivering fresh and high quality food...
29 May 2019
Germany’s Metro has shortlisted eight companies for its China business, a deal valued at between US$1.5bn and US$2bn as previously reported . Top retailers among the bidders Reuters news agency, citing multiple sources who cannot be named due to the confidential nature of the sale process, reports the following are joining the bid: Alibaba, in partnership with Taiwanese retailer ...
09 May 2019
Germany-based Metro said like-for-like sales rose by 1.2% in its second quarter, with total sales rising by 0.2% in the same period, at constant exchange rates, to €6.75bn. The company said the results were driven by a positive performance in Eastern Europe, excluding Russia, and Asia. Metro noted the impact of ‘ the shift of the Easter business to April and thus to Q3 ’. Delivery business inc...