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Ten years of METRO Group: Successful positioning for the future

18.05.2006

Ten years of METRO Group: Successful positioning for the future

Ten years after the founding of METRO AG the Group’s CEO, Dr. Hans-Joachim Körber, takes stock on a period of overall success at the Annual General Meeting in Düsseldorf. "In just a few years the METRO Group has risen to the top ranks in international retail. With this development we have also laid the foundation for the future success of the METRO Group. Our goal is to continue this profitable growth moving forward into the future."

Regarding the figures Dr. Körber commented: "We can once again look back all in all at a successful fiscal year in 2005. The results of the first three months of the current year and the particularly good start into the second quarter confirm our forecast for 2006." The METRO Group continues to expect a rise in sales of 4 to 6 percent and a growth in earnings per share of 5 to 8 percent in the current fiscal year. In fiscal 2005, METRO Group raised sales by 4.2 percent. Earnings per share grew by 6.5 percent adjusted for the write-down on deferred tax assets.

The METRO Group thus continued its successful business course. Within the ten years of its existence it has succeeded in doubling sales from around € 28 billion to nearly € 56 billion. Since 1996, the share of international business in total sales has climbed from 5 to 53 percent. Dr. Körber: "Starting out as a company with 14 divisions focused on the German market we have shaped a powerful, international retailing group with four sales divisions. Today, the METRO Group is represented in 30 countries at nearly 2,200 locations. For our further expansion we will concentrate in particular on the growth markets in Eastern Europe and Asia."

The growth drivers of the METRO Group - Metro Cash & Carry as well as Media Markt and Saturn - are scheduled to open more than 100 new stores in 2006. For the current year, Media Markt plans the market entry in Sweden. Metro Cash & Carry will expand into Bosnia-Herzegovina and Pakistan by 2007. The METRO Group will thus soon be represented in 33 countries.

Press Materials

METRO Group is one of the most important international retailing companies. In 2005 the group reached sales of € 55.7 billion. The company has a headcount of about 250,000 employees and operates more than 2,100 outlets in 30 countries. The operating business is performed by the sales brands which operate independently in the market: Metro/Makro Cash & Carry - world market leader in cash & carry wholesale, Real hypermarkets and Extra supermarkets, Media Markt and Saturn - market leader in consumer electronics centers in Europe, and Galeria Kaufhof department stores.

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