Report

Metro AG : Les interrogations sur le redressement de la Russie ne sont pas levées et le processus de cession de Real est complexe

>Résultats du T2 2018/19 : globalement en ligne, mais recovery Russe plus lente qu’escompté - CA consolidé de 6 752 M€, +0.2% en déclaré dont +1.2% en LFL vs 1.1%e estimés par ODDO BHF (consensus +0.7%). Hors effet calendaire, LFL de +2.3%, en ligne avec la réalisation du T1.Encore un trimestre commercialement difficile en Russie, en cours de repositionnement commercial, avec des LFL à -4% (vs -3%e), soit une dégradation vs le T1 (-2.4%). Les volumes du programme...
Underlying
METRO AG

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.

Provider
Oddo BHF
Oddo BHF

​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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