Metro Group news

17 March 2021
As Metro AG’s local operations commit to its long-term strategy, the group launches new services to support HoReCa customers and partners with Loop to reduce single-use plastic packaging. Metro launches DISH to support HoReCa businesses As it looks to support independent restaurants, Metro’s tech division, Hospitality Digital, has launched a new tool, DISH Order. The solution plugs into res...
11 February 2021
Germany-based wholesaler Metro reported sales were down 11.2% in local currency terms, to €6.3 bn. The company said, despite its performance being affected strongly by COVID-19 restrictions in many of its markets, it had outperformed its peers in its core markets of Germany, France, and Italy. Western Europe sees strongest effect from pandemic Metro said its operations had performed better ...
10 February 2021
After establishing a chief executive transition team in November 2020 to jointly assume the position of CEO as it searched for a new chief executive, Metro AG has now appointed a new person to the role, Steffen Greubel. Greubel signs three-year contract Greubel will take up the role as Metro AG chief executive on 1 May 2021, with Metro’s chief financial officer, Christian Baier, and COO...
14 January 2021
As Metro continues its evolution as a company, we round up developments in Spain, France and Romania as it looks to strengthen its operations globally and in the specific countries. Metro to promote digital transformation with Wipro Metro and Wipro have announced a strategic digital and IT partnership ‘ to drive forward the transformation of the Group's IT and to concentrate more strongly i...
15 December 2020
Germany-based Metro has ended its 2019/20 financial year on a positive trajectory after a challenging year that saw its major markets and customers impacted heavily by the COVID-19 pandemic. Positive Q4 sees Metro gain market share In its full year, Metro reported like-for-like sales contracted by 3.9%, which was at the upper end of its guidance range. The company said that ‘ with the excep...
26 November 2020
As Metro Cash & Carry establishes a transition team as its chief executive prepares to step down at the end of the year and launches a new service, we round up news from the retailer. Metro establishes CEO transition team During the transition period after existing CEO, Olaf Koch, leaves, Metro has confirmed that its CFO, Christian Baier, and COO, Rafael Gasset, will jointly assume the posi...
28 October 2020
As Metro Group expands in India and acquires a business in Portugal, we round up news from the cash and carry company. Metro acquires business in Portugal In Portugal, Metro has acquired the Aviludo Group, which it describes as the second largest food service distribution company in the country. Aviludo generated sales worth €152m in 2019 and services more than 13,500 HoReCa clients nationw...
15 October 2020
Metro generated like-for-like sales showing a slight contraction, of just 0.5%, in its fourth quarter. The company said a recovery in HoReCa sales and a ‘ positive sales development ’ in Germany, Russia and Eastern Europe had underpinned its improving performance. Strong recovery in key markets Metro said like-for-like sales had turned positive in Germany, Russia, and Eastern Europe, which ...
06 August 2020
In its Q3 2019/20 results, Metro reported a 17.5% decrease in like-for-like (LFL) sales, compared to the previous year, driven by the Coronavirus (COVID-19) pandemic and its negative impacts on the hospitality sector. However, as of July this year, Metro noted that sales had recovered to the previous year’s level in its Hotels, restaurants and catering (HoReCa) division. Germany: like-for-like...
25 June 2020
Following an agreement to sell Real earlier this year, the wholesaler has completed the sale to the SCP Group. The sale allows Metro Group to focus on its wholesale business. Deal signed The deal was agreed earlier in 2020, however it was awaiting approval from the supervisory and antitrust authorities which has now occured. The inflow of funds will be €300m. The SCP Group will take full...