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METRO AG Presents Positive Balance Sheet for Fiscal Year 2001 to Stockholders

23.05.2002

METRO AG Presents Positive Balance Sheet for Fiscal Year 2001 to Stockholders

Düsseldorf, 23 May 2002 – The Chairman of the Executive Board of METRO AG, Dr. Hans-Joachim Körber, presented a positive balance sheet for fiscal year 2001 to the stockholders at the Annual General Meeting of the Düsseldorf trading and retailing group. With a sales increase of 5.5 per cent to 49.5 billion € and a rise in the earnings per share by 11.9 per cent to 1.23 € the group had continued its value-oriented growth in 2001 despite difficult macroeconomic framework conditions, said Körber. The Metro Group was again able to increase its corporate value substantially. "The improvement of the Economic Value Added (EVA) by 286 million € is a development that we are particularly proud of", the Chairman of the Executive Board continued. The Metro Group had expanded its market position both nationally and internationally. "Neither the general uncertainty nor the buying restraint on the part of consumers in the wake of the September 11 attacks were able to deflect METRO AG from its successful course," emphasized Körber.

The basis of the good business development in the Metro Group with its six sales divisions is the consistent implementation of the company’s three pillar strategy geared to profitable growth. Visible signs of this were the consistent international expansion of the group, the optimization of the group’s portfolio with a clear-cut profit orientation of the sales divisions as well as the continuous optimization of the merchandizing concepts. The clear orientation of METRO AG towards profitable growth will, in Körber’s view, pay handsome dividends in the current fiscal year. In spite of the fact that the first quarter of the year 2002 was characterized by a general uncertainty and buying restraint on the part of consumers the group managed, in the first three months of the year, to generate a sales increase of 5.2 per cent over the same period last year to 11.82 billion €. The sales divisions were able to up their sales by 5.7 per cent. This development showed that the strong performance and the innovative strength of the Metro sales divisions had grown even further as a result of their market and customer oriented merchandising concepts. Körber reconfirmed the targets of growing group sales by about 6 per cent to more than 52 billion € in fiscal year 2002 and of further increasing the profitability of the company. For the current year the company expects an increase in the earnings per share of roughly 10 per cent.

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