The wholesale group METRO wants to continue its growth path in the new financial year.
Sales in 2024/25 (at the end of September) are expected to increase by three to seven percent after adjusting for currency and portfolio effects, as the SDAX-listed company announced on Tuesday in Düsseldorf. Earnings before interest, taxes, depreciation and amortization (Ebitda), adjusted for various effects, are expected to increase slightly again after a decline. The group is expecting headwinds from persistently high costs. METRO confirmed the goals for 2030.
In the last financial year, adjusted Ebitda fell from around 1.2 billion to just under 1.1 billion euros. CEO Steffen Greubel justified this with sharply increased costs and “challenging general conditions, which is why we will focus even more on the topics of productivity and profitability in the future without losing sight of sustainable growth.” According to the information, METRO expects transformation costs of up to 150 million euros for 2024/25.
The bottom line was that METRO reported a loss of 125 million euros. In the previous year, METRO had benefited, among other things, from the sale of part of its campus and the sale of the Indian business and made a profit of 439 million euros. METRO does not pay a dividend – but the group had already announced this a year ago. In 2022/23, the wholesaler paid out 55 cents per share to its shareholders.
As already known, sales rose by 1.6 percent to 31 billion euros in the last financial year, with negative currency effects particularly affecting Russia and Turkey. Adjusted for currency and portfolio effects, growth was 5.9 percent.
The METRO share temporarily fell 2.31 percent to 4.24 euros in Tradegate trading.
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