Group Communications

25 January 2010
Minister of Economics Brüderle and METRO CEO Cordes inaugurate METRO Group's representative office in the capital Berlin
METRO Group will inaugurate its representative office in Berlin on Monday, January 25 at 6:30 pm. The event, to which more than 250 guests from politics, industry and the media are expected to come, will be organised under the motto "Made for Dialogue". The inaugural speech will be held by the Federal Minister of Economics and Technology, Rainer Brüderle.

12 January 2010
Stable despite economic crisis: 2009 sales in local currency slightly above prior year
- Sales in local currency terms grow by 0.2% – sales in Euro decline due to negative currency effects to €65.5 billion
- Sales in Germany on prior year’s level – good Christmas trading
- EBIT before special items in line with market expectations
- Despite crisis year 80 new openings in 2009
- Capex budget 2010 increased to c.€1.9 billion – higher number of new store openings planned
- Shape 2012 will strengthen earnings power

4 January 2010
METRO Group accelerates growth in Asia – Media Markt seals market entry into China
- METRO Group and Foxconn Technology Group signed joint venture agreement for expansion in China
- Media-Saturn responsible for strategic leadership
- First Media Markt store expected to open in 2010

The start of Media Markt in China is sealed. At the end of last year, METRO AG and its sales division Media-Saturn signed a joint venture agreement with the Chinese partner Foxconn Technology Group to expand their reach into the Chinese market. This agreement has now also been confirmed by the supervisory boards of METRO AG and Media-Saturn, as well as Foxconn. With the entry of Media Markt into the Chinese market, METRO Group will further extend its strategic position in China. Under the joint venture agreement, METRO Group holds 75 percent of the shares and Foxconn Technology Group 25 percent. Media-Saturn will be responsible for the strategic leadership and the operations of the joint venture. As an experienced local partner, Foxconn, the world’s most trusted end-to-end green product service provider, will support Media-Saturn in its market entry.