Metro AG : Q1 2019-20 results: slight increase in margin in Russia, but one swallow does not a summer make
>Q1 2019-20 results: EBITDA a shade above expectations thanks to Russia, but net profit down 29.5% - EBITDA (excl. property and post-IFRS 16) of € 526m in Q1 2019-20, -0.8% reported and -2.2% organic, a shade above the consensus forecast of € 506m.Contrary to our expectations, EBITDA Russia (€ 87m) was up 4.8% on a reported basis and 2.4% on an organic basis, despite LFL still under pressure (-5.3%).EBITDA was almost stable in Germany (€ 76m, -1.3%) and West...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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