Metro posts 2.6% increase in like-for-like sales in Q3 | Progresiv
Germany's Metro AG has posted a 2.6% increase in sales in the third quarter of its financial year, to 9.34 billion euros. Reported sales were up 4.9%. 
Reported sales in Germany were up 0.8% for the quarter to 2.97 billion euros. Internationally, reported sales were up 7.0% to 6.37 billion euros.
EBIT after special items stood at 215 million euros for the period, up from 68 million euros in the same period last year, and totaled 720 million euros for the first nine months of the year.
If measured over the first nine months of the year, Metro's like-for-like sales improved by 0.5% compared to the previous year. Total sales rose by 1.9% to 27.9 billion euros.
"Metro has shown a strong operational development in the first quarter that we report on as an independent, stock listed company after the demerger of Metro Group," said Olaf Koch, chairman of the management board, Metro AG.
"The sustainable sales trend shows that we have become more relevant for our customers worldwide, a large proportion of which are restaurateurs."
Koch added that it's Real hypermarket business, which saw like-for-like sales rise 2.5%, has posted a "very satisfactory" performance. (www.esmmagazine.com)
