Metro Q2 Preliminary Loss/shr Widens; Lifts FY Outlook

Metro (MTTWF.PK) reported that its preliminary loss per share for the second quarter widened to 0.78 euros from 0.36 euros in the previous year, hurt by the war-related
impacts of more than 200 million euros.

Adjusted EBITDA for the second quarter grew to 157 million euros from 114 million euros last year.

Quarterly sales, constant currency, grew by 26% compared to previous year.

The company has increased its outlook for sales and EBITDA for the financial year 2021/22.

Metro now expects annual EBITDA adjusted to grow slightly to moderately compared to the prior-year. Previously, it expected annual EBITDA adjusted on the level of the past financial year 2020/21.

The company now projects annual sales growth to be about 9% to 15% compared to the previous year. Previously, it expected sales growth to be 3% to 7%.

Metro continues the execution of its sCore strategy and reconfirmed its mid-term ambition of 3-5% sales and EBITDA CAGR in the period 2022-2025.

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