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Gastronomy boosts Metro sales in the final quarter

2021-10-20T17:40:58.349Z


The recovery in gastronomy gave the wholesale group Metro a strong final quarter. Sales rose in the fourth quarter (as of the end of September) by 9.5 percent to 7.1 billion euros and were thus well above the level from before the pandemic, as the company announced in Düsseldorf on Wednesday. On a like-for-like basis, the increase was 8.8 percent.


The recovery in gastronomy gave the wholesale group Metro a strong final quarter.

Sales rose in the fourth quarter (as of the end of September) by 9.5 percent to 7.1 billion euros and were thus well above the level from before the pandemic, as the company announced in Düsseldorf on Wednesday.

On a like-for-like basis, the increase was 8.8 percent.

Düsseldorf - With this, Metro clearly exceeded the expectations of the analysts.

The wholesaler ended the 2020/21 financial year with a decline in sales - the weak first quarter, when the company suffered from numerous restrictions and restaurant closings in the wake of the corona pandemic, could not be made up.

Revenues fell by 3.4 percent to 24.8 billion euros; on a like-for-like basis, a small minus of 0.4 percent remained.

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The Düsseldorf company did not present any results.

However, the adjusted operating result (Ebitda) should be at the upper end of the forecast range.

So far, Metro had promised a range of plus 50 million euros to minus 75 million euros.

The group plans to publish its annual report on December 15.

dpa

Source: merkur

All news articles on 2021-10-20

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