Metro Group Posts Q3 Sales Increase
Published on Dec 12 2012 3:02 PM in Uncategorised
German retail giant Metro Group has announced a sales increase of 0.6% in the third quarter of 2012, meaning its nine month sales to the end of September were 1.5% up on the previous year, at €47.3 billion.
International sales at the group accounted for €29.5 billion in the nine months to the end of September, however Western Europe continued to struggle, dropping 2.9%.
Planet Retail analyst Bianca Casertano said the figures outlined Metro’s “difficult long-term development, with its portfolio of structurally troubled formats, as strenuous and protracted restructuring drags on with no certain outcome.”