METRO Group Investor Relations

Extensive Investment Programme
Downward trend stopped – METRO Cash & Carry Germany Drives Turnaround

Fri, 18 Jun 2010 11:00:00 +0100

- 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.

Metro Cash & Carry opens first wholesale store in Egypt

Tue, 29 Jun 2010 11:00:00 +0100

- 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).

Management Board Reshuffle at METRO AG

Thu, 29 Jul 2010 15:00:00 +0100

- 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).

METRO Group Investor Relations

Extensive Investment ProgrammeDownward trend stopped – METRO Cash & Carry Germany Drives Turnaround

Metro Cash & Carry opens first wholesale store in Egypt

Management Board Reshuffle at METRO AG

Extensive Investment Programme
Downward trend stopped – METRO Cash & Carry Germany Drives Turnaround