Metro Group reports strong Q1 sales

Keshia Beadle
Senior Retail Analyst
@RetailAnalysis

Date : 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), sales grew by 0.5%. One new store was opened during the quarter and this was in Ukraine. The delivery business continues to grow and is an increasing area of focus for the company.

Weaker growth in Germany and Russia

In its home market of Germany, sales declined slightly by 0.4%, negatively impacted by a regulation change relating to tobacco. Sales in Russia also struggled, with a decline of 5.3% reported. However, this was a smaller decline than the last quarter.

Sales performance was not reported for Metro China nor Real, however CEO Olaf Koch noted that both sales were progressing according to plan.