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Press

Trading Statement fourth quarter / fiscal year 2001

09.01.2002

Trading Statement fourth quarter / fiscal year 2001

According to preliminary figures, in fiscal year 2001 (1 January - 31 December) METRO AG increased Group net sales in a generally difficult market situation by 5.5% from 46.9 € bn to 49.5 € bn. METRO AG-Group’s sales divisions furthermore focused on profitable, organic growth and achieved 5.7% growth. Abroad sales were up 11.0% to 22.0 € bn (2000: 19.8 € bn) and increased their share of sales further from 42.2% to 44.4%. Due to the overall positive like-for-like sales development, the EPS (earnings per share)-growth expectation of at least 10% for 2001 is reiterated.

METRO AG-Group posted a significantly accelerated sales growth of 7.1% in the fourth quarter. After a generally positive Christmas business the sudden change to strong winter conditions particularly in Germany as well as parts of Southern and Eastern Europe impacted the normally sales-wise strong final December week. Despite of an additional selling day, business in the final days of 2001 was clearly below prior year’s comparables.

The international Cash & Carry business again significantly increased its sales in the fourth quarter, after having experienced a good sales trend already in the first nine months of 2001. The international expansion has been continued steadily over the last year. The Real Hypermarkets confirmed their positive sales development significantly, again gaining market share. With slightly improved market conditions, the Extra Food Stores posted increasing sales growth.

The Media-Saturn Consumer Electronic Centers returned to double-digit sales growth in the fourth quarter. They enforced their European market-leadership posting again a like-for-like sales growth in Germany, too. Praktiker Home Improvement Centers did not yet achieve to distinguish themselves from the continuously difficult sector development in Germany. At Kaufhof Department stores a satisfying Christmas business could partly balance out the weakness at the beginning of the quarter.

In fiscal year 2001 METRO AG’s sales network was expanded by a total of 80 stores. As at year-end, METRO AG-Group operated 2,249 outlets in 24 countries. Expansion was driven by Cash & Carry with 31 and Consumer Electronic Centers with 43 openings respectively.

Additional Information here...

METRO AG will present the consolidated financial statements for fiscal year 2001 at the Annual Press Conference on 26 March 2002.

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