Overview of group business development
Thanks to the positive development at METRO Cash & Carry and Media-Saturn, METRO GROUP’s like-for-like sales grew by 1.5 per cent in financial year 2014/15. Due to negative currency and portfolio effects, reported sales of €59.2 billion were 1.2 per cent lower than in the previous year. However, sales rose by 0.5 per cent in local currency.
EBIT before special items stood at €1,511 million (2013/14: €1,531 million). Adjusted for negative currency effects in the amount of €117 million, EBIT before special items markedly exceeded the previous year’s level. At €711 million, reported group EBIT remained below the previous year’s level of €1,077 million in financial year 2014/15. This decline was primarily due to non-cash impairment losses on goodwill at Real.