METRO Share

In financial year 2013/14, the METRO share could not repeat the very positive performance it exhibited during the previous year: the price of the ordinary share decreased by 11.0 per cent. During the same period, the Dow Jones Euro STOXX Retail index also declined, falling 2.7 per cent. By contrast, the German stock market index, the DAX, gained 10.2 per cent.

Over the course of financial year 2013/14, the development of the METRO share price showed high volatility. On 27 November 2013, the share price reached its yearly high of €37.28. However, the METRO share came under pressure in January 2014 because the Christmas business failed to meet the expectations of all retailers. In February and March, currency fluctuations in emerging markets and the political situation in Ukraine and Russia had a negative impact on market sentiment and on the price of the METRO share. In mid-April, the price of the METRO share began a steady but at times fluctuating move upwards. One reason for this was the rebound of Russian retail shares. Moreover, the half-year financial report of METRO AG for 2013/14 was positively received by the market.

In early July, though, market sentiment markedly deteriorated due to the geopolitical conflict involving Russia and Ukraine. On the one hand, investors called the possible partial IPO of METRO Cash & Carry in Russia into question. On the other hand, they feared that economic sanctions would result in a decline in demand in Russia, which in turn would negatively impact METRO AG’s earnings. In light of these developments, the share price experienced a significant drop, falling to its yearly closing price low of €25.00 on 12 August 2014.

Positive analyst commentary following METRO AG’s announcements of two portfolio transactions in August and September boosted the share price. One of these transactions was the agreement with Berli Jucker on the sale of METRO Cash & Carry’s Vietnamese business for a total transaction value of €655 million. In early September, the divestment of METRO AG’s stake in Booker, which resulted in a cash inflow of €244 million, was also announced. But the good news remained overshadowed by the geopolitical conflict in Russia and Ukraine. Overall, the price of the METRO share was able to recover from its low in August and closed the financial year at €26.08.
 

Development of the METRO share price (%)

Development of the Metro share price (%) (line chart)

Performance comparison of the METRO ordinary share 2013/14 vs Dow Jones Euro STOXX Retail vs DAX

METRO GROUP

–11.0%

Dow Jones Euro STOXX Retail

–2.7%

DAX

10.2%

Source: Bloomberg

METRO shares 2012–2013/14

 Download XLS (24KB)

 

 

 

2012

9M 2013

2013/14

1

Subject to the resolution of the Annual General Meeting

Data based on Xetra closing prices

Source: Bloomberg

Closing price

Ordinary shares

21.00

29.30

26.08

Preference shares

23.05

23.82

20.25

High

Ordinary shares

31.18

30.00

37.28

Preference shares

27.50

24.84

29.20

Low

Ordinary shares

20.05

20.88

25.00

Preference shares

20.80

21.70

20.09

Dividend

Ordinary shares

1.00

0.00

0.901

Preference shares

1.06

0.00

1.131

Dividend yield
based on closing price

Ordinary shares

%

4.8

0.0

3.51

Preference shares

%

4.6

0.0

5.61

Market capitalisation (billion)

 

6.9

9.6

8.5

Information about the METRO shares

 Download XLS (21KB)

 

Ordinary shares

Preference shares

Code number

725 750

725 753

ISIN code

DE 000 725 750 3

DE 000 725 753 7

Reuters code

MEOG.DE

MEOG_p.DE

Bloomberg code

MEO GR

MEO3 GR

Number of shares

324,109,563

2,677,966