Asset, financial and earnings position
Overall statement by the Management Board of METRO AG on the business development and situation of METRO GROUP
METRO GROUP continued to face significant challenges in financial year 2014/15 that were largely caused by geopolitical events. Nonetheless, the Management Board can look back at a successful year overall. METRO GROUP successfully continued its transformation and made further progress in its efforts to focus its portfolio. The sale of Galeria Kaufhof on 30 September 2015 was an important milestone that provided the group with liquidity for its continued expansion. In addition, METRO GROUP achieved another substantial debt reduction.
Overall, the Management Board is very pleased with the company’s performance, especially because all communicated goals for METRO GROUP were achieved. As a result, we will once again propose an attractive dividend to our shareholders.