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Romanian branch boosts Metro Group business

Publicat la 01.08.2007, 21:00:00

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Romanian branch boosts Metro Group business

The group has 31 hypermarkets in Romania, of which 23 Metro Cash&Carry units and three Real units. Last year, sales of the two chains exceeded €1.5 billion.

Globally, the sales of Metro's cash&carry division rose 5.2 percent year-on-year in H1, to €14.8 billion. Eastern Europe, Asia and Africa posted the highest sales within the group (a 13.2 percent rise for Eastern Europe and 16.5 percent for Asia and Africa).

Sales in Western Europe rose in H1 by 0.4 percent year-on-year, with French and Spanish branches reporting the best results, and Germany's sales dropping by 1.1 percent. Metro Cash&Carry has a total of 586 stores in 28 countries. International sales amounted to 81.6 percent of total company revenues. The chain's gross profit rose by 12.8 percent year-on-year, to €383 million.

The Real division also posted a rise in business. Sales exceeded €6 billion, 26.9 percent higher year-on-year. The most dynamic region was Eastern Europe. International sales amounted to 16.6 percent of total sales. However, the Real chain reported losses of €108 million, from €34 million year-on-year, due to costs to integrate operations of the chain, purchased by the German group in 2006, and to expansion on the Eastern European market.

By the end of June, the Real network included 690 stores, of which 75 in Eastern Europe and the remainder in Germany. Three units were opened in Russia and one in Romania in H1.

The entire Metro Group posted sales worth €30.3 billion, 10.9 percent higher year-on-year. Gross profits have dropped to €419 million in H1, from €459 million in the same period in 2006. Besides Metro Metro Cash&Carry and Real, the group owns the Media Markt, Saturn and Galeria Kaufhof networks.

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