×
281
Fashion Jobs
L'OREAL GROUP
Senior Manager - Marketing (Matrix - Hair Care), Ppd
Permanent · Mumbai
ADIDAS
Manager - Finance Operations fp&a
Permanent · CHENNAI
HR ACTIVE
Area Sales Manager
Permanent · Noida
SBICAP SECURITIES
Home Loan Sales Manager at Sbicap Securities
Permanent · Pune
DECOTOUCH PAINTS LIMITED
Area Sales Manager
Permanent · Bareilly
PEOPLEFY INFOSOLUTIONS
Area Sales Manager i Nagpur i B2B Sales
Permanent · Nagpur
PETPOOJA
Business Dev. Mgr. & Area Sales Mgr|| Software Sales || Pos - Petpooja
Permanent · Navi Mumbai
BUSY INFOTECH
Area Sales Manager - up
Permanent · Gorakhpur
PEOPLE ALLIANCE WORKFORCE
Logistics Manager - Garments Manufacturing
Permanent · Ahmedabad
DUA PHARMACEUTICALS
Area Sales Manager And Sales Executive For Ayurvedic Product
Permanent · Prayagraj
ALEMBIC PHARMACEUTICALS
Area Development Manager - Rural Marketing - Algrow Division
Permanent · Hubballi
ADITYA BIRLA SUN LIFE INSURANCE (ABSLI)
Cluster Manager Banca
Permanent · Kochi
ADIDAS
Senior Technology Consultant
Permanent · GURUGRAM
NEWELL
sr. Sap Basis Offshore Administrator
Permanent · CHENNAI
IPCA
Area Business Manager
Permanent · Bengaluru
KOTAK LIFE INSURANCE
Hiring For Sales Manager (B2B Sales)
Permanent · Chennai
LEVI'S
Senior Analyst- Opentext Solution & App Security
Permanent · Bengaluru
RGF SELECT INDIA
Area Sales Manager (Cosmetics) For Japanese Mnc For Mumbai Location
Permanent · Mumbai
PEOPLEFY INFOSOLUTIONS
Job Opening For Area Sales Manager Role in Mnc For Nagpur
Permanent · Pune
COLUMBIA SPORTSWEAR COMPANY
Total Rewards Experience Partner - Asia
Permanent · BENGALURU
ADIDAS
Senior Specialist - Finance Operations D2C
Permanent · CHENNAI
ADIDAS
Senior Specialist - Finance Operations D2C
Permanent · CHENNAI
By
Reuters
Published
Dec 15, 2015
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Metro expects sales and earnings to rise again in 2015

By
Reuters
Published
Dec 15, 2015

German retailer Metro expects sales and earnings to rise again in the 2015/16 fiscal year despite the tough economic climate after reporting better-than-expected operating earnings for the fourth quarter.

Europe's fourth-biggest retailer said on Tuesday it expected to see a slight rise in overall sales and earnings before interest and tax (EBIT) before special items for the fiscal year from October, with its core cash and carry and consumer electronics businesses performing best.


Metro said that would be possible despite the "persistently challenging economic environment" as it continues to focus on strict cost management and overhauling its business models.

Metro reported fourth-quarter EBIT before special items rose 8 percent to 435 million euros ($479.9 million), ahead of average analyst forecasts for 379 million.

Metro shares, which have risen 7 percent this year, were indicated up 2.4 percent in pre-market trade.

All three of Metro's businesses - cash and carry, Media-Saturn consumer electronics and Real hypermarkets - reported a rise in quarterly EBIT, with Media-Saturn benefiting from a boom in Russia where consumers pulled forward purchases in expectation of a further devaluation of the rouble.

Metro, which is emerging from years of restructuring and disposals of businesses including the recent sale of its Kaufhof department stores, said net debt had fallen 2.2 billion euros to 2.5 billion euros, allowing it to invest in the business.

"We will further remodel and modernize many of the stores of our sales lines, take advantage of promising acquisitions and also look at new expansion targets again," Chief Executive Olaf Koch said in a statement.

Metro last month raised its annual dividend more than expected and said it would pay more of its profits every year from now on, citing the positive effects of restructuring and significantly improved net debt.

© Thomson Reuters 2023 All rights reserved.

Tags :
Retail