METRO continues growth path and strategy implementation in 2022/23 – dividend proposed

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– Financial year 2022/23 was characterised by the successful implementation of the sCore growth strategy in a challenging environment:
o Sales in local currency grow by 5.6%
o Adjusted EBITDA at €1,174 million (2021/22: €1,389 million)
o Outlook achieved: sales in the upper half of the outlook range, adjusted EBITDA in the lower half
o Net income amounts to €439 million (2021/22: €-331 million), earnings per share (EPS) increases to €1.21 (2021/22: €–0.92)
o Dividend of €0.551 per share proposed

– Further growth in all 3 sales channels:
o Store-based business grows by 0.2% to €23.3 billion
o Delivery sales grow by 11.2% to €7.1 billion
o METRO MARKETS sales grow by 60.1% to €0.1 billion

– Outlook for financial year 2023/24:
o 3%–7% sales growth
o Adjusted EBITDA €-100 million to €+50 million compared to previous financial year as operational growth is unlikely to fully compensate for cost inflation and other effects

– Growth targets by 2030 confirmed:
o 5%–10% average sales growth
o 5%–7% average EBITDA growth

In financial year 2022/23, METRO successfully continued the implementation of its sCore growth strategy and defended market shares. The wholesaler made significant progress in the strengthening of its delivery and online businesses, as well as in the optimisation of the wholesale approach of its stores. Overall, the past financial year was characterised by a challenging environment due to the continued inflation, rising costs and the cyberattack in Q1 2022/23. In financial year 2022/23, sales in local currency increased by 5.6% despite of the sales lost during the cyberattack (low 3-digit million-euro amount). All 3 sales channels (store-based business, delivery and METRO MARKETS) as well as all segments except Russia contributed to this growth. As expected, EBITDA decreased and amounted to €1,174 million (2021/22: €1,389 million), due to significant cost inflation, the expiration of positive post-transaction effects (Real and China), the declining business development in Russia and the cyberattack.

 Please find further information in the attachement.

Über die METRO AG

METRO is a leading international food wholesaler which specialises in serving the needs of hotels, restaurants, and caterers (HoReCa) as well as independent merchants (Traders). Around the world, METRO has approx. 17 million customers who benefit from the wholesale company’s unique multichannel mix: customers can purchase their goods in one of the large stores in their area as well as by delivery (Food Service Distribution, FSD) – all digitally supported and connected. In parallel, METRO MARKETS is being developed as an international online marketplace for the needs of professional customers which has been growing and expanding continuously since 2019. Acting sustainably is one of the company principles of METRO which has been listed in various sustainability indices and rankings, including MSCI, Sustainalytics and CDP. METRO operates in more than 30 countries and employs over 89.000 people worldwide. In financial year 2022/23, METRO generated sales of €30.6 billion. More information can be found at MPULSE.de, our online magazine.

Firmenkontakt und Herausgeber der Meldung:

METRO AG
Metro-Straße 1
40235 Düsseldorf
Telefon: +49 211 6886-0
http://www.metrogroup.de

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