Sales

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In the first three months 2009 (01/01/ - 31/03/2009) METRO Group generated sales of €15.2 billion (Q1 2008: €15.6 billion). This corresponds to a decrease of 2.5%. The sales development was significantly impaired by negative currency effects. In local currency, METRO Group’s sales grew by 1.1%. In addition, this development was marked by significant calendar effects: the prior year was a leap year and, thus, had an additional trading day in February. Also the Easter business in 2009 shifted to Q2. METRO Group’s resulting calendar effect amounted to approx. -2.5%-points. Additionally, the food divisions were affected by declining positive price effects. Therefore, the comparability of Q1 on the whole with the prior year is only limited.

In Germany, sales in Q1 2009 increased by 0.6% to €6.2 billion against the backdrop of a declining market and despite the missing Easter business. This is mainly attributable to the excellent development of Media Markt and Saturn.

International sales were significantly burdened by the currency development. Adjusted for currency effects, sales grew by 1.4%. However in Euro terms, sales declined by 4.5% to €8.9 billion. Owing to the currency development, the international share of sales decreased from 60.1% to 58.9%.

In Western Europe (excluding Germany), sales declined by 2.2% to €4.7 billion. Adjusted for currency effects, sales decreased merely by 1.3%. The predominantly calendar-related sales decline at Metro Cash & Carry could only partially be compensated by Media Markt and Saturn’s sales increase.

Adjusted for currency effects, sales in Eastern Europe grew by 5.6% despite the calendar effect. However, due to strong currency effects (-15.6%-points), sales in Euro terms declined to €3.5 billion.

Sales in Asia/Africa increased by 12.9% to €0.7 billion. Adjusted for currency effects, sales were on prior year’s level.

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