Metro released FY15/16 results. Sales reached €58.4bn (-1.4%, +0.4% at CER and +0.2% lfl), bang in line with consensus and our numbers. EBIT before special items reached €1,560m (+3.2%), EBIT €1,513m (vs €711m) and net profit €657m. Lastly, net debt at the end of FY15/16 reached €2,301m. The dividend proposed is €1.00 (unchanged).
14 Dec 2016
FY15/16 in line; waiting for the demerger now
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FY15/16 in line; waiting for the demerger now
Metro released FY15/16 results. Sales reached €58.4bn (-1.4%, +0.4% at CER and +0.2% lfl), bang in line with consensus and our numbers. EBIT before special items reached €1,560m (+3.2%), EBIT €1,513m (vs €711m) and net profit €657m. Lastly, net debt at the end of FY15/16 reached €2,301m. The dividend proposed is €1.00 (unchanged).