Insight Report 3 minutes PremiumMetro Group (DB:MEO) FY16 Trading Statement: Metro Reports Slight FY16 Sales Growth and Confirms EBIT Guidance Coresight Research October 20, 2016 Executive Summary Metro Group reported net sales of €58.4 billion inFY16, down 1.4% from FY15, and slightly below the consensus estimate of €58.8 billion. In local currency terms, sales grew by 0.4% and comps grew by 0.2%. In 4Q16, net sales declined by 0.5% to €14.2 billion. Sales grew by 0.2% year over year in local currency and comps grew by 0.1%. Metro stated that the company achieved its internal sales forecast for FY16. 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: May 2023 US Housing Market Indicators: Sharp Rise in New Home SalesData Dive: Shein in Numbers as It Files for a US IPOUS Home and Home Improvement—Retail 2024 Sector Outlook: Sales To Marginally RecoverJuly 2023 US Housing Market Indicators: Third Consecutive Month of Strong Sales Growth for New Homes
