Overall statement by the Management Board of METRO AG on the development and situation of METRO GROUP
The short financial year 2013 has been a successful financial year for METRO GROUP. We have continued to advance all sales lines’ business and forged ahead with our transformation. Apart from the outstanding approval from antitrust authorities in Poland, the sale of Real’s Eastern European business was implemented successfully. As a result and thanks to our disciplined investment policy, we have achieved another distinct reduction in METRO GROUP’s debt.
The Management Board is very pleased about business developments, partly because all communicated goals for METRO GROUP were achieved.
We believe we are well-positioned for the Christmas business and look with confidence to the financial year 2013/14.