Insight Report 4 minutes PremiumMetro 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. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: The Evolution of Checkout: Trends and Innovations for a Seamless Shopping ExperienceThree Data Points We’re Watching This WeekUS and UK Retail Bankruptcies Latest, December 2023: US Retail Bankruptcies Jump 10X in 2023RetailTech: RFID Is the Technology That Keeps on Giving to Retailers (and Associates and Consumers)
