Metro AG : Final Q2 and outlook in line, consumer sentiment and Russia remain concerns
>Strong top-line development in Q2 supported by inflation - Final Q2 2022 results are in line with preliminaries, which were released on 21 April. For Q2 (ending in March), Metro reported 26% sales growth y-o-y in local currencies to € 6.2bn. This was driven by inflation but also the strong recovery in the HoReCa segment following lifted restrictions. Store-based sales grew 14% to € 4.9bn while delivery sales were up 73% to € 1.4bn. Metro Markets revenue increased 16...Metro AG, formerly Metro Wholesale & Food Specialist AG, is a Germany-based international wholesale and food service business group and dedicated food specialist with a customer base in wholesale in approximately 35 countries in Europe and Asia. The Company business is carried out by two operating segments: the METRO Wholesale segment and the Real segment. The Company operates also as a retailer in the hypermarket segment of German grocery retail market. The Company operates internationally under brands METRO and Real. The Company operates approximately 751 warehouses in 25 countries and approximately 79 delivery depots. The Company also provides foodservice distribution via Classic Fine Foods group, Rungis Express group and Pro a Pro group.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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