Expected earnings position: outlook for METRO GROUP and its segments
The outlook is based on the current group structure and adjusted for currency effects. It also assumes a stable geopolitical situation.
Expected sales development at METRO GROUP in 2014/15
For financial year 2014/15, METRO GROUP expects to see a slight rise in overall sales, despite the persistently challenging economic environment.
In like-for-like sales, METRO GROUP foresees a slight increase that will follow the reporting period’s small rise of 0.1 per cent.
Expected earnings development at METRO GROUP in 2014/15
In financial year 2014/15, earnings development will also be shaped by the persistently challenging economic environment.
Nevertheless, METRO GROUP is confident that it can again achieve a slight earnings increase as a result of the progress it has made and will continue to make in transforming its business models. In addition, METRO GROUP will again closely focus on efficient structures and strict cost management in 2014/15.
For these reasons, we expect EBIT before special items to rise slightly above the €1,727 million achieved in financial year 2013/14, including usual levels of income from real estate sales.
At the Media-Saturn and Real sales lines, the decline in like-for-like sales recorded in financial year 2013/14 should be reversed by the measures we have already introduced. This outlook is supported by the positive trend that emerged during the fourth quarter of 2013/14. For this reason, METRO GROUP expects that these two sales lines will also make a positive contribution to the slight increase in like-for-like sales and EBIT before special items during the upcoming financial year.