Change in the financial year

METRO AG adopted a new financial year in 2013. The change will decouple the important Christmas business from the impact of annual inventory or planning for the coming financial year. In addition, the change intends to improve the quality of planning for the entire year as already from the first quarter.

In future, the financial years of METRO AG will close on 30 September rather than on 31 December. For transition purposes, the financial year 2013 will be a short nine-month financial year from 1 January 2013 to 30 September 2013. The following financial year 2013/14 will be a regular, twelve-month financial year from 1 October 2013 to 30 September 2014.

To ensure the best possible comparability, these consolidated financial statements will present prior-year figures as of 30 September 2012 and as of 31 December 2012. Comparative figures are presented in the periods 9M 2012 (1 January 2012 to 30 September 2012) and 12M 2012 (1 January 2012 to 31 December 2012). Both the prior-year figures as of 31 December 2012 and the data shown for the 12M 2012 period correspond to the last consolidated financial statements as of 31 December 2012; any adjustments that have been made are pointed out. This method of comparison is applied both in this report’s tables and text.

The developments shown in movement schedules cover the same periods of time as previous consolidated financial statements for twelve-month financial years. The data present developments from 1 January 2012 until 30 September 2012, from 30 September 2012/1 October 2012 until 31 December 2012 and from 31 December 2012/1 January 2013 until 30 September 2013.

The prior-year figures as of 30 September 2012 and the data for the 9M 2012 period are from the unaudited quarterly statement from 30 September 2012; any adjustments that have been made are pointed out.