METRO Group Press

Shape 2012 is paying off: robust earnings development in the third quarter

Tue, 03 Nov 2009 08:00:00 +0100

- Group sales from January to September reached € 46.1 billion – net of currency effects sales went up by 0.3%
- Business affected by currency and price effects
- Development in Germany better than the total market – sales nearly at prior-year level reaching € 18.4 billion
- Shape 2012 showing first positive effects on EBIT
- EBIT before special items reached € 748 million and includes negative currency effects
- Q3 EBIT before special items almost stable – trend clearly improved compared to the first half
- Successful expansion course: after market entry into Kazakhstan now operations in 33 countries – more than 30 new store openings planned until end of the year

UNIDO and METRO Group to cooperate on combating hunger in developing countries and economies in transition

Wed, 09 Dec 2009 11:00:00 +0100

- Cooperation agreement signed in Vienna
- Partners bundle competencies to develop suppliers in developing countries and economies in transition by creating market opportunities through food safety
- First joint project in Egypt is already under way

Promoting social and economic development in developing countries and economies in transition is the aim of the strategic partnership signed between the United Nations Industrial Development Organization (UNIDO) and METRO Group, one of the world’s largest retailing companies.

EXPO 2010 - METRO Group is partner of Düsseldorf in Shanghai

Wed, 16 Dec 2009 09:00:00 +0100

Agreement on Exclusive Cooperation at the World Exposition

Two strong partners, one common presentation: The City of Düsseldorf and METRO Group will present themselves jointly at the world exposition EXPO 2010 in Shanghai. The retailing group is the official exclusive sponsor for the presentation of the capital of the German State of North-Rhine Westphalia in China. This was announced at the town hall by Mayor Dirk Elbers and the Chairman of the Management Board of METRO Group, Dr. Eckhard Cordes, on Wednesday, December 16.

METRO Group accelerates growth in Asia – Media Markt seals market entry into China

Mon, 04 Jan 2010 11:00:00 +0100

- METRO Group and Foxconn Technology Group signed joint venture agreement for expansion in China
- Media-Saturn responsible for strategic leadership
- First Media Markt store expected to open in 2010

The start of Media Markt in China is sealed. At the end of last year, METRO AG and its sales division Media-Saturn signed a joint venture agreement with the Chinese partner Foxconn Technology Group to expand their reach into the Chinese market. This agreement has now also been confirmed by the supervisory boards of METRO AG and Media-Saturn, as well as Foxconn. With the entry of Media Markt into the Chinese market, METRO Group will further extend its strategic position in China. Under the joint venture agreement, METRO Group holds 75 percent of the shares and Foxconn Technology Group 25 percent. Media-Saturn will be responsible for the strategic leadership and the operations of the joint venture. As an experienced local partner, Foxconn, the world’s most trusted end-to-end green product service provider, will support Media-Saturn in its market entry.

Stable despite economic crisis: 2009 sales in local currency slightly above prior year

Tue, 12 Jan 2010 08:00:00 +0100

- Sales in local currency terms grow by 0.2% – sales in Euro decline due to negative currency effects to €65.5 billion
- Sales in Germany on prior year’s level – good Christmas trading
- EBIT before special items in line with market expectations
- Despite crisis year 80 new openings in 2009
- Capex budget 2010 increased to c.€1.9 billion – higher number of new store openings planned
- Shape 2012 will strengthen earnings power

Minister of Economics Brüderle and METRO CEO Cordes inaugurate METRO Group's representative office in the capital Berlin

Mon, 25 Jan 2010 16:30:00 +0100

METRO Group will inaugurate its representative office in Berlin on Monday, January 25 at 6:30 pm. The event, to which more than 250 guests from politics, industry and the media are expected to come, will be organised under the motto "Made for Dialogue". The inaugural speech will be held by the Federal Minister of Economics and Technology, Rainer Brüderle.

METRO Group helps Haiti:
two special flights with relief goods for the earthquake victims

Wed, 17 Feb 2010 11:00:00 +0100

-Company supports population in the disaster area in cooperation with the hunger relief agency Welthungerhilfe

- More than 125 tons of relief goods from the Metro sales divisions for Haiti – Donations in kind and financial aid worth € 1 million

- First plane to be seen off by CEO Dr. Eckhard Cordes at Düsseldorf airport on February 22

METRO Group launches one of the largest relief campaigns in the company's history. The first special flight of METRO Group to help the earthquake victims in Haiti will take off at Düsseldorf airport on February 22. Another flight is to follow in early March. On board of the two planes: a total of more than 125 tons of relief goods provided by Metro Cash & Carry, Real, Media Markt and Saturn, Galeria Kaufhof as well as the real estate company METRO Group Asset Management. Never before have all sales divisions of METRO Group cooperated in this form on a joint relief operation. The total value of the aid: one million euro.

METRO Group helps Haiti: first cargo flight with relief goods for the earthquake victims takes off

Mon, 22 Feb 2010 10:00:00 +0100

- Welthungerhilfe President Bärbel Dieckmann and CEO Dr. Eckhard Cordes see off the relief transport

- More than 125 tons of relief goods from the Metro sales divisions for Haiti – Donations in kind and financial aid worth one million euro

- Second cargo flight planned for early March

Today, METRO Group launched one of the largest relief campaigns in the company's history. At Düsseldorf airport, Bärbel Dieckmann, President of hunger relief agency Welthungerhilfe, and CEO Dr. Eckhard Cordes saw off the first METRO Group cargo flight to help the earthquake victims in Haiti. The cargo plane is filled with relief goods donated by Metro Cash & Carry, Real, Media Markt and Saturn, Galeria Kaufhof as well as the real estate company METRO Group Asset Management. For the first time in the history of METRO Group all sales divisions have cooperated in this form on a joint relief operation. The second cargo flight is planned for early March. The total value of the aid shipment weighing more than 125 tons: one million euro.

Change on the Management Board of METRO AG

Fri, 26 Feb 2010 14:05:00 +0100

- Zygmunt Mierdorf leaves the company
- CEO Dr. Eckhard Cordes will in addition assume the duties of the labour director