Performance of the METRO share

Following a very positive development over the course of the year, the METRO share finally closed financial year 2014/15 with a decline in prices. The price of the ordinary share dropped 5.3 per cent to €24.69, while the Dow Jones Euro STOXX Retail industry index developed very positively with a gain of 16.7 per cent. The positive index development was primarily due to the share price performance of companies with a focus on the non-food business. The German DAX stock market index reached new all-time highs during the reporting year and closed the period with a gain of 2.0 per cent.

Development of the METRO share price (%)

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

At the start of financial year 2014/15, the METRO AG ordinary share initially fell in sync with the DAX and the Dow Jones Euro STOXX Retail industry index. On 16 October 2014, the METRO share fell to its lowest level in financial year 2014/15 at €23.06. Amid a recovery in early November 2014, the METRO share again rose in sync with the indices. The geopolitical situation in Russia and Ukraine in combination with the weakening currencies in these countries weighed heavily on the METRO share at the end of November 2014. From mid-December 2014, positive reports about financial year 2013/14 and the announcement of an attractive dividend caused the share to rally again. Starting in January 2015, the share rose continuously in line with the DAX and the Dow Jones Euro STOXX Retail. Stronger economic momentum in Europe and the European Central Bank’s decision to initiate a major quantitative easing programme with €60 billion in monthly bond purchases at the beginning of March 2015 fuelled the positive market sentiment. In addition, many export-oriented European companies have benefited from the strengthening US dollar. In this positive environment, the METRO share reached its high for financial year 2014/15 at €34.56 on 10 April 2015. Over the course of April, the debate about a possible “Grexit” – a potential exit of Greece from the Eurozone – had a largely negative impact on European stock markets. This caused indices and stock prices to decline markedly, with the METRO share unable to decouple from this trend. Global stock markets plummeted on 24 August 2015. This “Black Monday” was triggered by declining growth in China. The subsequent weeks were characterised by very high volatility. In September 2015, an incident at a major German carmaker exerted strong downward pressure on the German stock market, causing the share prices of companies even beyond the immediately affected sectors to decline. As a result, the METRO ordinary share approached its low for the year before recovering and closing financial year 2014/15 at €24.69 following the completion of the sale of Galeria Kaufhof.

Performance comparison of the METRO ordinary share 2014/15 vs DAX vs Dow Jones Euro STOXX Retail

METRO GROUP

–5.3%

DAX

2.0%

Dow Jones Euro STOXX Retail

16.7%

Source: Bloomberg

METRO shares

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2013/14

2014/15

1

Subject to the resolution of the Annual General Meeting

Data based on Xetra closing prices

Source: Bloomberg

Closing price

Ordinary shares

26.08

24.69

Preference shares

20.25

20.20

High

Ordinary shares

37.28

34.56

Preference shares

29.20

24.44

Low

Ordinary shares

25.00

23.06

Preference shares

20.09

19.31

Dividend

Ordinary shares

0.90

1.001

Preference shares

1.13

1.061

Dividend yield based on closing price

Ordinary shares

%

3.5

4.11

Preference shares

%

5.6

5.21

Market capitalisation (billion)

 

8.5

8.1

Information about the METRO shares

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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