Wholesaler - Metro: smaller targets in sight for the new financial year
Wholesaler Metro has set itself smaller targets for the new 2023/2024 financial year. The SDax-listed company announced on Wednesday evening after the close of trading in Düsseldorf that sales for the twelve months to the end of September are likely to increase by three to seven percent on a currency-adjusted basis.
In addition to the renewed negative impact of the weak Russian rouble, CEO Steffen Greubel expects below-average development in his home country of Germany. Based on preliminary figures, Metro had already reported a sales increase of 2.7 percent to 30.6 billion euros for the past year.
The operating profit adjusted for special items (adjusted EBITDA) is expected to deviate only slightly from the previous year's figure of 1.17 billion euros. Management is forecasting a decrease of 100 million to a slight increase of 50 million euros.
In the past financial year, higher costs as a result of a hacker attack dragged down the operating profit. However, shareholders can look forward to a dividend payout for the first time in several years: Metro is proposing a dividend of 55 cents per share for the 2022/2023 financial year.
Press release
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- Despite the negative impact of the Russian rouble and anticipating below-average development in Germany, Metro, a SDax-listed wholesaler based in Düsseldorf, is expecting a currency-adjusted sales increase of 3% to 7% for the upcoming 2023/2024 financial year.
- In comparison to the previous financial year, where a hacker attack resulted in increased costs, Metro announced a proposed dividend of 55 cents per share for the 2022/2023 financial year, marking the first dividend payout to shareholders in several years.
- The operating profit adjusted for special items (adjusted EBITDA) for the new financial year is predicted to slightly deviate from the previous year's figure of 1.17 billion euros, with a potential decrease of 100 million or a slight increase of 50 million euros.
Source: www.stern.de
