- Strong business recovery, particularly in H2, with Q4 sales and adj. EBITDA above pre-pandemic levels
- Sales and EBITDA outlook2 achieved
- €-56 million profit or loss for the period3 and €-0.15 earnings per share, so no dividend distribution planned based on the dividend policy
– Growth investments are paying off:
- 250,000 new HoReCa customers4 acquired
- Delivery sales accounts for 17% of total sales, 47% growth in H2
- Store sales up 4.7% in H2
– Outlook 2021/22: 3-7% sales growth and adjusted EBITDA at PY level5
METRO met its adjusted sales and earnings outlook for financial year 2020/21 at the upper end of the guidance range. In the second half of the year, METRO’s business figures returned to the pre-pandemic level and even exceeded it from June onwards. While group sales, at €24.8 billion, remained below the pre-pandemic level for the full year, sales in local currency were already at previous year’s level (0.0%). Intensified customer relationships as well as investments in the business model and digitalisation contributed to this.
Upon the easing of government restrictions, METRO benefited overproportionately from the recovery of the hospitality industry, particularly thanks to clearly positive development in Western and Eastern Europe. The wholesale specialist gained HoReCa market shares in large countries such as Germany, Spain, Italy, France and Russia. Adjusted EBITDA reached €1,171 million and was thus €72 million above the previous year (reporting view, incl. Aviludo and Davigel Spain).
METRO AG
Benrather Straße 18-20
40213 Düsseldorf
Telefon: +49 (211) 6886-0
Telefax: +49 (211) 688620-00
http://www.metrogroup.de
Telefon: +49 (211) 688642-52
Fax: +49 (211) 688620-01
E-Mail: presse@metro.de