The year in review
SELECTED EVENTS DURING THE FINANCIAL YEAR 2012
CHANGE ON THE MANAGEMENT BOARD I
01/01/2012 Olaf Koch takes up office as the new Chairman of the Management Board of METRO AG. The former Chief Financial Officer of METRO AG succeeds Dr Eckhard Cordes in this position. Mark Frese, previously Chief Financial Officer at METRO Cash & Carry, is appointed Chief Financial Officer of METRO AG.
MEDIA MARKT LAUNCHES MULTICHANNEL SALES
16/01/2012 Media Markt’s new online store offers customers in Germany even more flexibility when shopping: the online store www.mediamarkt.de is closely interlinked with the German consumer electronics stores. Customers may for instance order electronic products on the Internet for same-day collection at a local store. In addition, customers can order such services as equipment installation assistance over the Internet or at the local store.
SALES TALKS SUSPENDED
17/01/2012 METRO GROUP suspends talks with interested parties about the sale of Galeria Kaufhof because of capital market parameters judged unfavourable for the implementation of such a transaction.
THIRD COMPANY DAY-CARE CENTRE
01/02/2012 METRO GROUP opens its third company-sponsored day-care centre in Düsseldorf. The facility offers 96 bilingual spots for children from 4 months to 6 years, raising the number of available day-care spots at the Company’s headquarters to about 240.
NEW MANAGEMENT STRUCTURES
08/03/2012 METRO Cash & Carry merges the 2 business units “Europe/MENA” and “Asia/CIS/New Markets” under a single management board with global responsibility and headed by Frans W. H. Muller as CEO. The aim is to enable the company to respond faster to economic challenges across all markets.
LEADING EMPLOYER GERMANY
12/03/2012 The CRF Institute (Corporate Research Foundation) names METRO GROUP one of “Germany’s Leading Employers”, citing its excellent and modern human resources management approach. The quality seal, which has been awarded annually since 2003, recognises companies for their high-quality human resources strategies and practices.
CHANGE ON THE MANAGEMENT BOARD II
31/03/2012 Joël Saveuse, member of the Management Board of METRO AG and CEO of the Real Group, leaves the Group. Chairman Olaf Koch assumes responsibility for Real on the Management Board of METRO AG. As a result, the Board now has 4 instead of 5 members.
METRO GROUP MARATHON
29/04/2012 The METRO GROUP Marathon records another increase in participant numbers in its tenth year. Around 14,000 registered runners hit the track in Düsseldorf – roughly 1,000 more than in 2011. The relay event hits a new record with 2,350 registered teams and 9,400 participants, making the METRO GROUP Marathon Germany’s largest relay. Once again, the group of runners includes a large number of participants from companies, including 750 employees of METRO GROUP.
CHANGE OF FINANCIAL YEAR
23/05/2012 The Annual General Meeting endorses the change of the financial year: starting in 2013, METRO AG’s financial year will run from 1 October to 30 September. This will result in an abbreviated financial year in 2013 covering the period 1 January to 30 September 2013. The aim of this move is to decouple the seasonal Christmas business from detractions relating to annual inventories or planning work for the following financial year and thus enhance the Company’s forecasting ability.
CHAIRMAN OF THE SUPERVISORY BOARD CONFIRMED
23/05/2012 The Annual General Meeting of METRO AG retroactively elects Franz Markus Haniel as a member of the Supervisory Board. The governing body subsequently elects him as its Chairman. Haniel has been Chairman of the Supervisory Board since 18 November 2011. He succeeds Prof. Dr Jürgen Kluge in this position.
GROUNDBREAKING FOR NEW SPECIALITY STORE
25/05/2012 METRO PROPERTIES starts construction of a modern speciality store in an area known as the Krupp-Gürtel (Krupp Belt) in Essen. On the occasion of the traditional groundbreaking ceremony, the real estate company presents the construction project to the public. The new speciality store with a total space of about 30,000 square metres is scheduled to open in autumn 2013.
SALE OF MAKRO UK
30/05/2012 The Booker Group, a leading grocery retailer in the UK, acquires all 30 wholesale stores as well as all operating assets of MAKRO UK. In return, METRO GROUP receives 9.08 percent of Booker’s issued share capital plus a cash payment of £15.8 million.
09/07/2012 Galeria Kaufhof is Germany’s first retail company to be represented on the Germany-wide inclusion map published by the Federal Commissioner for Matters relating to Disabled Persons. The sales line offers shopping escorts for blind and visually impaired persons in 78 stores.
1,000TH FRANCHISE STORE IN BULGARIA
10/07/2012 The 1,000th store of the METRO Cash & Carry franchise chain >“Moiat Magazin” opens in Sofia. As part of the Trader Franchise Programme that was launched in Bulgaria in 2011, the sales line supports smaller retailers through training, consulting and marketing services. In return, the retailers sell products and own brands of METRO Cash & Carry.
MEDIA-SATURN ACQUIRES RUSSIAN INTERNET PLATFORM
25/07/2012 The Media-Saturn sales line acquires Russian online electronics retailer 003.ru. The Internet platform was established in 2000 and generated, with about 50 employees, sales of about €20 million in 2011. With this acquisition, Media-Saturn also takes the step of implementing its dual online strategy in Russia, which complements its multichannel offering by adding a pure Internet sales channel.
ESTABLISHMENT OF ADVISORY BOARD LAWFUL
09/08/2012 Dealing with the issue of management control of the Media-Saturn sales line, the Higher Regional Court of Munich and the Court of Arbitration rule that the establishment of an advisory board, which METRO GROUP had requested, is lawful. Decisions about the key business activities of Media-Saturn will be taken by the Board with a simple majority.
NEW MANAGEMENT STRUCTURE AT REAL
10/08/2012 Didier Fleury, Head of the Real Group Committee and CEO of Real International, becomes CEO of Real Germany in addition to his current role.
AWARD FOR MOBILE INTERNET PAGE
24/08/2012 Saturn receives Google’s Mobile Agency Award for the best mobile Internet page. The jury commended, in particular, the online store’s user friendliness and navigation.
LISTING IN MDAX
24/09/2012 METRO AG is no longer listed in the DAX 30, but in the MDAX (mid-cap DAX). The reasons for being dropped from the DAX blue-chip index are the share’s distinctly sub-par performance during the financial year as well as the relatively small proportion of freely tradable METRO AG shares. In accordance with the rules of Deutsche Börse, only the free-float share is considered in determining DAX eligibility.
01/10/2012 METRO GROUP pools its cross-divisional logistics activities under a single roof. The newly created METRO LOGISTICS oversees logistics services for the sales lines in Germany as well as overarching international logistics activities. The aim is to simplify supply chain management processes and offer the sales lines improved logistics services.
05/10/2012 METRO GROUP corrects its 2012 forecast for EBIT before special items after the European consumer environment worsens further. In many countries, conditions for consumers have deteriorated as a result of such factors as rising unemployment.
DIVESTMENT OF REAL EASTERN EUROPE
30/11/2012 METRO GROUP signs an agreement with French retailer Groupe Auchan to sell Real’s Eastern European business for a purchase price of €1.1 billion. Groupe Auchan will acquire the operations and real estate assets of METRO GROUP’s Real sales line in Poland, Romania, Russia and Ukraine. Pending approval from the antitrust authorities, the sale is anticipated to close during the course of 2013.