Balance sheet

Rubelverfall burdened Metro

The crisis in Russia holds the German retail group Metro next in breath. The weak rouble has the Christmas verhagelt. A delight to Vietnam.

The strong in Eastern Europe dedicated commercial giant was recorded in the first quarter of 2015/16 with the crucial Christmas period a decrease of the operating profit (Ebit) before special items at 828 (previous year: 891) million, as Metro on Thursday in Dusseldorf announced. Around 40 million euros have Metro by negative currency effects, mainly due to the weak rouble lost. The decline was thus stronger than anticipated by the market. Analysts had a net operating profit before nonrecurring items of 852 million euros predicted.

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Metro is targeting a turnover and Gewinnplus to

The commercial giant Metro relies on improved business of its wholesale stores in the country, and of the former Sorgenkindes Media-Saturn and wants to be in the new financial year to increase sales. The group sees room again for acquisitions. (15.12.2015)

Could benefit Metro in the quarter, however, the sale of the Großmarktgeschäfts in Vietnam. This climbed to shareholders attributable net profit of 404 million to EUR 549 million. Sales fell by 1.3 percent to 17.1 billion euros, in addition to the sale of parts of companies also on the weak ruble was.

The proceeds are put to minimal. A large portion of it had the German consumer, the the Here a good the Christmas season gave. Preliminary sales figures had the group to which the wholesale markets, Cash & Carry, the Elektronikketten Media Markt and Saturn as well as the food chain is Real are, already the middle of January is submitted. At the annual forecast holds CEO Olaf Koch feast, he is aiming for sales revenue and operating earnings (Ebit) before special items continue to be a “slight increase”.

zdh/hb (dpa, rtr)