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Metro Group Posts Steady Income For First Quarter FY 2016/17

February 3, 2017: 12:00 AM EST
Metro Group said like-for-like sales grew slightly at 0.1 percent in the first quarter of financial year 2016/2017, a solid performance in a market full of challenges. According to the company, EBIT before special items remained at the previous year’s level, reaching €821 million during the quarter. EBIT after special items reached €733 million. In the previous year, the company reported EBIT after special items of €1,240 million, which included income from the sale of Metro Cash & Carry Vietnam. Media-Saturn’s online sales rose more than 25 percent, accounting for over 10 percent of the Metro’s total sales. Delivery sales rose 16.5 percent, accounting for 12.7 percent of total sales, the company said.
"METRO GROUP with stable sales and EBIT development", METRO GROUP, February 03, 2017, © METRO AG
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