Metro Group news

06 January 2023
In the first stage of it scaling back operations in the Asian market, German based Metro Group is selling its wholesale format in India to local retailer Reliance Retail. Scaling back in Asia to focus on European ventures The sale of Metro’s operation in India will see Reliance Retail take over its 31 wholesale stores, with the deal expected to be concluded in March 2023. Metro has been pre...
19 December 2022
Positive results in 2021/22 saw Metro Group’s sales increase by more than 20% in local currency. We look at the reasons for these results and Metro Group’s focused approach for the future. Multichannel strategy leads to growth Sales revenue for Metro Group increased to €29.8 bn in the 2021/22 year, with strong performances across all its multichannel activities: Store-based sales grew...
21 October 2022
The German wholesaler has reported an 11.8% increase in sales in Q4, and sees sales growth of 20.4% to €29.8 bn for the 2021/22 financial year. Positive contribution from all segments YoY sales growth was reported across all markets: Germany – sales grew by 6.1% to €4.7 bn Western Europe – sales grew by 28.3% to €12 bn Russia – sales grew by 7.9% in local currency to €2.9 bn ...
11 August 2022
Metro Group’s sales rose by 27.2% in local currency, reaching €7.9 bn in Q3 2021/22. The result has been attributed to growing inflation and its strong performance in the HoReCa industry. Sales growth across all channels Metro reported positive developments in all channels in Q3 2021/22, driven primarily by HoReCa: store-based sales grew to €6.1 billion (+18.7%) delivery sales incr...
11 February 2022
Metro Group’s sales rose 19.4% in local currency terms and by 20.0% in total, reaching €7.6 bn. The company reported its revenue in the Q1 2021/22 period exceeded its pre-pandemic levels ‘ despite ongoing restrictions ’. Metro, though, noted the challenges it faced during Q1 2020/21, when total sales contracted by 16% due to Covid restrictions in many of its key markets. Growth was driven by a...
16 December 2021
Metro Group has achieved sales at the upper end of the guidance range forecasted. Strong performance in the second half of the year drove this and sales for 2021/22 are forecast to grow by 3-7%. Almost €25bn in annual sales For the 2020/21 financial year, Metro Group achieved stable sales in local currency, meaning sales remained the same as the previous year. However, due to negative curre...
15 November 2021
Carrefour plans to become net zero by 2040, while Lidl Switzerland said it had reduced its carbon footprint by 11%. Furthermore, we look at retailers adopting the environmental labelling system, Planet-Score. Finally, Metro completed phase one of its food waste prevention initiative, with over 30 suppliers committing to the project. Carrefour sets carbon neutrality target Carrefour plans to...
07 September 2021
We bring you the latest news on Metro Group’s international activities. Metro Austria acquires Rewe’s wholesale stores The Austrian division of Metro has acquired nine wholesale stores belonging to Rewe, as well as its delivery business. Sales from the business were €125mn in 2019 and customers totalled more than 20,000. This move enables Metro to strengthen its presence in Austria and buil...
29 July 2021
Metro Group has published Q3 results and announced it has raised its outlook for sales and EBITDA for its 2020/21 financial year due to ‘ better than expected business development since the easing of restrictions ’. Like-for-like sales up by 15% in Q3… Metro reported total sales were up by 12.2% to €6.2 bn, while sales in local currency and like-for-like terms rose by 15.4% and 15.0% respec...
08 July 2021
Local trade publication Distrifood has reported that Netherlands-based Jumbo has begun a collaboration with Makro to sell part of the latter’s business-focused range through its own website. Collaboration to add almost 1,000 new SKUs Jumbo will add almost 1,000 SKUs from Makro exclusively at the web site address Jumbo.com/zakelijk. The additional products will help it target the needs of sp...