Insight ReportMetro Group (DB:MEO) FY16 Results: Metro Sales Fall Slightly on Negative Currency and Portfolio Effects Coresight Research December 15, 2016 Executive Summary Metro Group reported net sales of €58.4 billion in FY16, a fall of 1.4% from FY15 and close to the consensus estimate of €58.8 billion. The company attributed the decline to negative currency and portfolio effects. Sales in local currency grew by 0.4% and comps grew by 0.2%. The operating margin grew by 139 basis points to 2.6%. Adjusted EPS was €1.96, up by 2.62% from FY15 and beating the consensus estimate of €1.78. Metro stated that it met its expectations for FY16. It forecasts a slight increase in sales and EBIT before special items in excess of €1,560 million in FY17. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Analyst Corner: Beauty’s Back! The US Beauty Market Bounces Back, with Madhav Pitaliya and John MercerUS Grocery Retailing—Market Forecast and Competitive Landscape: Nontraditional Grocers To Gain Share Amid Weak Volume Demand and Tariff PressuresHoliday 2024: UK Retail Wrap-Up—Cautious Spending and Late Shopping Fuel Volatile Peak TradingHoliday 2025 Survey Insights: Shopping Ramps Up Ahead of Black Friday
