Metro AG : Several aspects of the stock’s story leave us somewhat confused: the strategy, guidance and the new shareholder. Stalemate
>FY 2017-18 results: EBITDA 2% below our expectations - FY 2017-18 results slightly undershot our expectations. Consolidated sales were down 1.6% reported, +0.7% organic and +0.7% LFL (in line with our expectations) of which +1.3% for C&C and -1.7% for Real.Consolidated EBITDA excl. property assets of € 1,396m vs € 1,430m estimated, -2.8% reported and +1.2% on an organic basis (vs +2.7% estimated). EBITDA for C&C: € 1,244m, -1.3% reported and +2.5% on an organi...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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