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Metro: achieves financial year 2018/19 sales target

( - Germany's biggest retailer, Metro, said on Thursday that it has finished its financial year 2018/19 with strong sales growth and confirmed its EBITDA outlook for the year.

According to preliminary and unaudited figures, the group achieved sales growth of 2.4% like-for-like and 2.5% in local currency in the financial year 2018/19 to 30 September.

These results are in line with the guidance range of 1-3% in the financial year 2018/19, Metro noted.

On this basis, the company confirmed its EBITDA outlook for financial year 2018/19, expecting a decrease of around 2%-6% compared to financial year 2017/18, excluding earnings contributions from real estate transactions.

Metro will report is full-year earnings on 12 December.

In the meantime, its shares were up 1.5% in Frankfurt.

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