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Metro Group Announces Stronger Sales In 1Q Of FY 2014/15

January 13, 2015: 12:00 AM EST
Metro Group announced sales rose 2.6 percent in the first quarter of its financial year 2014‒2015, compared with the same period of the previous year. Reported sales fell 2.2 percent to €18.3 billion, due to the company's disposal of Real Eastern Europe and negative currency effects in various parts of Eastern Europe, particularly Russia and Ukraine. Business unit Metro Cash & Carry reported same-store sales grew 1.4 percent during the period, with significant growth in Eastern Europe and Asia markets. Media-Saturn also reported like-for-like sales growth, at 3.8 percent, while Real said same-store sales edged higher with 0.9 percent.
"METRO GROUP begins financial year 2014/15 with significant like-for-like sales growth", METRO GROUP, January 13, 2015, © METRO GROUP
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