Reuters logo
Metro, Ceconomy see sales boosted by online, delivery
August 31, 2017 / 5:44 AM / a month ago

Metro, Ceconomy see sales boosted by online, delivery

BERLIN, Aug 31 (Reuters) - German retailer Metro and consumer electronics group Ceconomy, which split and listed separately last month, both reported sales recovered in their fiscal third quarter on Thursday, helped by fast-growing online and delivery services.

Metro, which runs wholesale and hypermarket stores, saw sales rise 4.9 percent to 9.3 billion euros ($11.04 billion), or a like-for-like increase of 2.6 percent, with delivery sales up more than 30 percent to 16.7 percent of the total.

Metro earnings before interest and taxation (EBIT) excluding special items slipped slightly to 230 million euros. Due to the split from Ceconomy, Metro has not given a forecast for the full-year, but it reiterated medium-term targets.

Ceconomy, Europe’s largest consumer electronics retailer, reported sales grew 1.1 percent 4.74 billion euros, with online up strongly to 10.6 percent of that total. Its EBIT loss narrowed to 61 million from 83 million a year ago.

$1 = 0.8422 euros Reporting by Emma Thomasson; Editing by Maria Sheahan

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below