Press Releases 2010
17 August 2010
METRO GROUP increases emergency aid for flood victims in Pakistan to a quarter million euro
In view of the continued dramatic situation in the flooded regions of Pakistan, METRO GROUP decided at short notice to extend its emergency aid for the people in distress. After Metro Cash & Carry Pakistan had already supplied donations in kind for a value of € 60,000 in the framework of an emergency aid package last week, the Düsseldorf-based retail group now increased its aid by another € 200,000. This includes both food and urgently required materials such as blankets and tents which are to be transported directly to the affected regions rapidly and unbureaucratically within this week.
13 August 2010
METRO GROUP and textile association open Child Day Care Center in Narayanganj, Bangladesh
Representatives from METRO GROUP and the textile manufacturer's association of Bangladesh (BKMEA) celebrated the grand opening of a Child Day Care Center in one of the biggest clusters for garment production near Dhaka, the capital of Bangladesh, on Thursday. The opening ceremony took place under the auspices of the government of Bangladesh – represented by commerce minister Muhammad Faruk Khan – as well as Holger Michael, Ambassador of the Federal Republic of Germany in Bangladesh and members of parliament. Minister Muhammad Faruk Khan highlighted the significance of the child day care center as an example of corporate responsibility in Bangladesh. The facilities could serve as a role model for other companies.
2 August 2010
METRO GROUP Raises Capex on the Back of Solid First Half of 2010
- METRO GROUP sales grow by 2.4% to €31.2 billion during the first half of 2010 – Q2 sales increase by 2.4% to €15.7 billion
- H1 sales in Germany adjusted for store disposals slightly below prior-year level – international sales grow 4.9%
- EBIT before special items increase by 16.6% to €470 million
(H1 2009: €403 million) due to contributions from Shape
- Capex budget for 2010 raised from €1.9 to 2.1 billion
- Expansion with 28 new store openings in the first half of 2010
- Net debt reduced by €134 million
29 July 2010
Management Board Reshuffle at METRO AG
- Thomas Unger is leaving the Group
- Dr. Eckhard Cordes, Olaf Koch and Frans Muller will take over his functions
Thomas Unger (49), who has served as Vice Chairman of METRO AG since August 2009, is leaving the company's Management Board effective 30 September 2010. On 29 July 2010, the Supervisory Board of METRO AG resolved on the revocation by mutual agreement of his appointment as Vice Chairman of the Management Board. As a consequence, the Management Board will be downsized from five to four members and the responsibilities reassigned. From October 2010, the CEO Dr Eckhard Cordes will also be responsible for Media Markt and Saturn as well as for Internal Audit, and the CFO Olaf Koch for Galeria Kaufhof. The Management Board member Frans Muller will in addition assume responsibility for the Group's Real Estate segment (MAM).
2 July 2010
METRO GROUP with new structure for Communications and Public Affairs
In the framework of the integration of the holding companies of METRO GROUP and Metro Cash & Carry International also the responsibilities for communication in Germany’s largest retailing group have been restructured. Headed by Dr Michael Inacker, the corporate unit Communications, Public Affairs and Corporate Social Responsibility will in future be responsible for the activities of both, METRO GROUP and also its wholesale subsidiary Metro Cash & Carry.
29 June 2010
Metro Cash & Carry opens first wholesale store in Egypt
- Market entry under brand name "MAKRO"
- Sustainable contribution to local economy
- Two more stores to open in 2010 – Medium-term potential for around ten stores in major Egyptian cities
With the opening of its first store in Cairo under the brand name "MAKRO", the wholesaler Metro Cash & Carry continues its successful international expansion strategy. The store near Cairo will be opened tomorrow under the brand name "MAKRO". Egypt is now the 31st country within the company's ever growing network represented by over 670 self-service wholesale stores around the world. With this move METRO GROUP will be represented in 34 countries: The world's third largest retailer this year again distinctly accelerates its international growth and raised its investment budget from € 1.5 billion to around € 1.9 billion. In total, METRO GROUP plans to open around 95 new stores in 2010 (2009: 80).
18 June 2010
Downward trend stopped – Metro Cash & Carry Germany Drives Turnaround
- Earnings target of € 150 million by 2012 confirmed
- Extensive investment programme of around € 100 million
- Portfolio optimisation with disposal of four stores
- Integration of C+C Schaper
- Further innovations for more customer proximity
Metro Cash & Carry Germany has stopped the downward trend: One year after the start of the turnaround programme the company is showing first positive results and thereby strengthening the basis for a return to long-term, profitable growth. One important element of the group-wide efficiency and value enhancement programme Shape 2012 continues to be the target of increasing earnings to around € 150 million by 2012. The turnaround of Metro Cash & Carry Germany is strengthened by a growth offensive. In the framework of an extensive investment programme numerous stores will be modernised, further innovative concepts implemented and the store portfolio as well as the administrative structures optimised.
5 May 2010
METRO AG: Prof Dr Jürgen Kluge new Chairman of Supervisory Board
Prof Dr Jürgen Kluge was elected Chairman of the Supervisory Board of METRO AG. On today's Annual General Meeting, 98.25 % of all eligible stockholders voted for Kluge as member of the Supervisory Board. The control panel appointed the CEO of Haniel & Cie. GmbH their Chairman. Kluge (56) succeeds Franz Markus Haniel, who resigned from his office at the end of the Annual General Meeting.
5 May 2010
METRO GROUP confirms growth targets
- Tangible earnings improvement anticipated for 2010 owing to Shape 2012
- Stable dividend of € 1.18 proposed per share of common stock
- Dr Eckhard Cordes: "Shape 2012 will give a new profile to the company."
- Prof Dr Jürgen Kluge nominated as member of the Supervisory Board
At its General Meeting, the CEO of METRO AG, Dr Eckhard Cordes, presented the successful financial statements for the financial year 2009. "Already today, our value enhancement programme Shape 2012 is making a substantial contribution to earnings improvement", explains Cordes. "This contribution will continue to rise further in the current financial year. We again anticipate a significant increase in EBIT". METRO AG proposes a stable dividend of € 1.18 per share of common stock to the General Meeting. At the same time, the Supervisory Board has nominated Prof Dr Jürgen Kluge as member of the Supervisory Board. The Chairman of this Board, Franz M. Haniel, has resigned from his office effective at the close of the General Meeting.
5 May 2010
METRO GROUP opens child day care centre in Bangladesh
- Cooperation with the national garment industry association
- Project supports mothers working in the garment industry and contributes to sustainably improving social standards
- Facility will accommodate 60 children from the area of Narayanganj near the capital Dhaka
METRO GROUP will build a modern day care centre for up to 60 children together with the national Bangladesh Knitwear Manufacturers & Exporters Association (BKMEA). This was agreed in a contract which the representatives of the company and the association signed in late April. The goal of the project is to enable mothers working in the garment industry to better reconcile work and family. With this establishment, METRO GROUP wants to make another contribution to improving the social standards of its suppliers.
30 April 2010
METRO GROUP back on a profitable growth track: sales and earnings increase significantly
- Sales of METRO GROUP grow by 2.3% to € 15.5 billion
- Sales in Germany adjusted for store disposals above prior year
- International sales increase by 4.4%
- EBIT before special items grows 55.9% to € 136 million (Q1 2009: € 87 million)
- Shape 2012 gaining further momentum
- Cash flow before financing activities increased by € 405 million
- Net debt reduced by € 731 million
METRO GROUP is back on a profitable growth track: sales and earnings rose significantly during the first quarter 2010. "In some countries, the worst of the economic crisis seems to be over. Although the situation remains challenging, we see a first economic silver lining on the horizon", said Dr. Eckhard Cordes, CEO of METRO GROUP.
17 March 2010
New corporate structure of METRO Group
- Metro Cash & Carry’s operations to be split into two units Europe/MENA and Asia/New Markets
- Objective: Safeguard Shape’s success and accelerate international expansion
- Consequent continuation of Shape 2012 in the holding companies: More efficient and customer-oriented organisation
- Streamlined and focused management functions
- METRO AG and Metro Cash & Carry Holding integrated
17 March 2010
METRO Group emerges stronger from the economic crisis
- Group sales adjusted for currency effects increase by 0.2% in 2009
- Market share gains in numerous countries
- EBIT before special items reach €2.024 billion and beat market expectations
- Shape 2012 takes effect: Already €208 million earnings contribution
- Stable dividend of €1.18 per ordinary share proposed
- 80 new store openings in 2009 despite worldwide economic downturn – market entry into Kazakhstan
- Tangible earnings growth compared to 2009 expected for 2010 – mid-term growth target raised to more than 10% annually
- First Media Markt store to open in China in 2010 – Metro Cash & Carry starts in Egypt – around 95 new store openings planned
11 March 2010
Metro Cash & Carry to supply EXPO 2010
- Self-service wholesale company is one of the three recommended suppliers for the world exhibition
- Supply to country pavilions agreed
- Cooperation with China’s largest food producer COFCO
22 February 2010
METRO Group helps Haiti: first cargo flight with relief goods for the earthquake victims takes off
- Welthungerhilfe President Bärbel Dieckmann and CEO Dr. Eckhard Cordes see off the relief transport
- More than 125 tons of relief goods from the Metro sales divisions for Haiti – Donations in kind and financial aid worth one million euro
- Second cargo flight planned for early March
Today, METRO Group launched one of the largest relief campaigns in the company's history. At Düsseldorf airport, Bärbel Dieckmann, President of hunger relief agency Welthungerhilfe, and CEO Dr. Eckhard Cordes saw off the first METRO Group cargo flight to help the earthquake victims in Haiti. The cargo plane is filled with relief goods donated by Metro Cash & Carry, Real, Media Markt and Saturn, Galeria Kaufhof as well as the real estate company METRO Group Asset Management. For the first time in the history of METRO Group all sales divisions have cooperated in this form on a joint relief operation. The second cargo flight is planned for early March. The total value of the aid shipment weighing more than 125 tons: one million euro.
17 February 2010
METRO Group helps Haiti:
two special flights with relief goods for the earthquake victims
-Company supports population in the disaster area in cooperation with the hunger relief agency Welthungerhilfe
- More than 125 tons of relief goods from the Metro sales divisions for Haiti – Donations in kind and financial aid worth € 1 million
- First plane to be seen off by CEO Dr. Eckhard Cordes at Düsseldorf airport on February 22
METRO Group launches one of the largest relief campaigns in the company's history. The first special flight of METRO Group to help the earthquake victims in Haiti will take off at Düsseldorf airport on February 22. Another flight is to follow in early March. On board of the two planes: a total of more than 125 tons of relief goods provided by Metro Cash & Carry, Real, Media Markt and Saturn, Galeria Kaufhof as well as the real estate company METRO Group Asset Management. Never before have all sales divisions of METRO Group cooperated in this form on a joint relief operation. The total value of the aid: one million euro.
12 January 2010
Stable despite economic crisis: 2009 sales in local currency slightly above prior year
- Sales in local currency terms grow by 0.2% – sales in Euro decline due to negative currency effects to €65.5 billion
- Sales in Germany on prior year’s level – good Christmas trading
- EBIT before special items in line with market expectations
- Despite crisis year 80 new openings in 2009
- Capex budget 2010 increased to c.€1.9 billion – higher number of new store openings planned
- Shape 2012 will strengthen earnings power
4 January 2010
METRO Group accelerates growth in Asia – Media Markt seals market entry into China
- METRO Group and Foxconn Technology Group signed joint venture agreement for expansion in China
- Media-Saturn responsible for strategic leadership
- First Media Markt store expected to open in 2010
The start of Media Markt in China is sealed. At the end of last year, METRO AG and its sales division Media-Saturn signed a joint venture agreement with the Chinese partner Foxconn Technology Group to expand their reach into the Chinese market. This agreement has now also been confirmed by the supervisory boards of METRO AG and Media-Saturn, as well as Foxconn. With the entry of Media Markt into the Chinese market, METRO Group will further extend its strategic position in China. Under the joint venture agreement, METRO Group holds 75 percent of the shares and Foxconn Technology Group 25 percent. Media-Saturn will be responsible for the strategic leadership and the operations of the joint venture. As an experienced local partner, Foxconn, the world’s most trusted end-to-end green product service provider, will support Media-Saturn in its market entry.
Press Releases 2009
Topic Special
Press Releases
Almanya
Press Releases
Sayfayı yazdır