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Sayfa başlığıGerman corporate tax reform leads to additional, non-cash effective tax expenses in 2007

06.07.2007

German corporate tax reform leads to additional, non-cash effective tax expenses in 2007

The planned reduction of the income tax rates, as part of the German corporate tax reform, necessitates a revaluation of the deferred tax assets and liabilities.

Presumably this will lead to an extraordinary, additional, non-cash effective tax expense in the range of approx. 160 - 180 million Euro for METRO Group in Q3 2007.

METRO Group’s earnings outlook is based upon earnings before interest and taxes (EBIT) and remains thus unaffected.

METRO Group is one of the most important international retailing companies. In 2006 the group reached sales of about € 60 billion. The company has a headcount of some 270,000 employees and operates about 2,400 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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