Metro: confirms full-year guidance

(CercleFinance.com) - On Thursday German retailer Metro confirmed its full-year forecasts, despite the "volatile" economic environment, which affected its Q3 results.


Metro achieved adjusted EBITDA of 441 million euros in Q3 to end-June, compared with 310 million euros in the same period last year and an average estimate of 358 million euros from analysts.

The group's sales over April-June rose by 27.2% in local currencies to 7.9 billion euros, in line with market expectations.

Its Russian subsidiary - which accounts for 10% of sales and generates nearly 25% of its profits - posted a 3.4% increase in sales in local currencies over the period, as the strength of the rouble more than offset the effects of the war in Ukraine.


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