Metro AG : New guidance for FY 2019-20: EBITDA -14%e to -18%e (in line with our estimate for -15%e). But the recovery (FY 2020-21) will be complicated.
>Q3 2019-20 sales and EBITDA: in line with our estimates and the consensus - Two day ahead of schedule, the group pre-published its Q3 2019-20 sales and EBITDA and announced new guidance for the financial year:For Q3, consolidated sales were down 19.8% to € 5,568m (vs our estimate of € 5,620m and € 5,590m for the consensus).L-f-l growth was -17.5% in line with our expectations (-15.7%) and the consensus. Europe is particularly affected (-32.8% l-f-l) as it i...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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