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31 Jan 2024
Non material data changes
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Non material data changes
METRO AG (B4B:ETR) | 0 0 0.0%
- Published:
31 Jan 2024 -
Author:
Gwynn Andrew AG | Schumacher Anna AS -
Pages:
9
We have adjusted our estimates ahead of Q1 (calendar Q4 reporting). Perhaps the key point of note from the quarter will be some sharply negative currency impacts with Russia standing out. As the most important period of the year however, we don''t expect Q1 will set up Metro for a strong year and reiterate our Underperform rating.
We do not consider the changes to be material; our rating is unchanged.