Content overview
Annual Report 2003
Trading Statement Q4/FY 2003
Quarterly Report Q3/9M 2003
Quarterly Report Q2/H1 2003
Quarterly Report Q1 2003
Annual Report 2003
Trading Statement Q4/FY 2003
METRO Group reaches Sales Target
- Group sales 2003 up 5.7% at constant exchange rates - including currency effects +4.0%
- Q4 Group sales up 5.4% at constant exchange rates - including currency effects +3.6%
- Christmas business in Germany as expected without momentum – international business continuously stron
- Cash & Carry and Consumer Electronics continue expansion in 2003 with a total of 91 openings
- EPS growth of unchanged 6-10% expected
- Metro Cash & Carry - international business with solid sales growth in Q4
- Media Markt/Saturn - accelerated growth in Q4
- Praktiker - positive Trend continued in Germany and abroad
- Galeria Kaufhof - Q4 sales develoment improved compared to the first nine months

Quarterly Report Q3/9M 2003
Good operational development strengthens Outlook 2003
- 9M Group sales up 5.8% at constant exchange rates – including currency effects +4.2%
- 9M EBIT up from € 363.8 m to € 445.0 m
- 9M earnings per share improved by 7 Cents to € 0.24
- Expectations 2003 reiterated: sales growth of at least 5.5% and EPS growth of 6-10%
- Metro Cash & Carry increased Q3 sales 7.8% at constant exchange rates
- Media Markt/Saturn – Q3 sales +10.3% pre currency; foreign share of sales at 41.5%
- Praktiker – German Q3 l-f-l sales +3.5% and positive EBIT
- Kaufhof – Extreme temperatures burden inner-city business

Quarterly Report Q2/H1 2003
METRO Group continues positive Trend in Q2
Sales expectation for 2003 raised
- Q2 Group sales up 7.6% at constant exchange rates - including currency effects +6.3%
- Q2 EBIT up from € 181.8 m to € 211.5 m
- Metro Cash & Carry Q2 sales increased by 10.7% at constant exchange rates
- Extra – streamlining of headquarters initiated
- Praktiker - positive trend in Germany continued
- Kaufhof - extended opening hours supported business development
- Earnings per share improved by 5 cents to € 0.06 in H1
- Sales growth expectation 2003 raised to at least 5.5%

Quarterly Report Q1 2003
METRO Group with Good Start into 2003
- Group sales at constant exchange rates up 5.0% - including currency effects +2.7%
- EBIT up from € -5.9 m. to € 22.2 m
- Metro Cash & Carry with solid business development
- Media Markt/Saturn with strong growth in Germany and abroad
- Extra - restructuring initiated aggressively
- Praktiker continues positive trend
- EPS improved by 4 Cents to -0.13 €
- Outlook 2003 reiterated - approx. 5% sales growth and 6-10% EPS growth