Food Industry News

Metro Group sales decreased due to the ruble

Metro Group sales in the first half of the year 2015-2016 of the fiscal year decreased by 1,1% - to € 30,7 billion, according to RNS reference to the company's data. The reason the company called the volatility of the ruble.

Metro Group sales in local currency at the same time increased by 0,4%.

Sales for the II quarter decreased by 0,9% - to € 13,6 billion.

Profit attributable to shareholders for six months increased by 4,8 times - to € 484 million. Earnings per share fell by 18% - to $ 0,95. Within six months, the chain closed 10 stores, leaving 2061 of them. Among them, four Metro Cash & Carry stores were opened in Russia and two Media-Saturn (Media Markt) stores were closed.

Metro predicts that the economic environment will remain volatile. In Europe, the recovery continues uncertain, the Russian economy should begin to restore to the IV quarter.

See also ... 14/01/2014 Metro sales declined 3,3% 12/02/2014 Metro expects annual profit growth 03/02/2015 Ruble brings foreign retailers 09/09/2015 Metro and Alibaba to merge for online business12/05/2014 Politics hinders trade21 / 01/2014 Metro will sell up to 25% of its Russian subsidiary 14/01/2015 Metro sales in Q18 surpassed forecasts01 / 2013/12 Metro AG leaves the Chinese market12 / 2012/18 The share of the five largest Russian retailers will grow from 30% to 2016% by 31/03/2016 Metro Group is planning to split into two companies16/06/2015 Metro sells Kaufhof chain to Canadian Hudson's Bay13/01/2014 Russian retailers become more visible14/07/2014 Moscow underground networks16/03/2016 Metro: vegetables with insects were not on sale12/02/2016 Metro C&C lost € 30 million due to currency surges

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