METROCash & Carry

METRO Cash & Carry entrance (photo)

METRO Cash & Carry is a leading international player in self-service wholesale trade. Its brands METRO and MAKRO operate in 26 countries throughout Europe and Asia. The wholesale stores offer products and services tailored to the specific needs of professional customers, such as hotels and restaurants, catering firms, independent retailers, service providers and public authorities.

Sales

€29,690 M

EBIT

€1,050 M

EBIT margin

+3.5 %

Sales of METRO Cash & Carry 2014/15

by region

Sales of METRO Cash & Carry 2014/15 (pie chart)

Like-for-like sales at METRO Cash & Carry rose by 0.9 per cent in financial year 2014/15, with positive sales growth in all quarters. The previous year’s figure was matched in terms of sales in local currency. Due to exchange rate developments – particularly with respect to the Russian rouble – and portfolio changes, reported sales declined by 2.7 per cent to €29.7 billion.

Sales in the delivery business continued their strong momentum and rose by 11.6 per cent in local currency. Reported sales rose by as much as 13.7 per cent to €3.1 billion (2013/14: €2.8 billion). The share of delivery sales in total sales improved to 10.6 per cent.

Like-for-like sales in Germany fell by 1.7 per cent in financial year 2014/15. Reported sales also declined by 1.7 per cent to €4.7 billion. However, the trend improved as the financial year progressed.

In Western Europe (excluding Germany), like-for-like sales retreated by 0.7 per cent. Sales declined in Belgium and the Netherlands, but increased in Italy, Portugal and Spain. Sales also fell by 0.7 per cent in local currency. Reported sales retreated by 2.8 per cent to €10.2 billion (2013/14: €10.5 billion). This is partially due to the withdrawal from Denmark at the end of 2014.

Key figures METRO Cash & Carry 2014/15

in year-on-year comparison

  Download XLS (24KB)

 

 

 

Change in % compared with the previous year’s period

 

 

 

 

 

 

 

 

2013/14
€ million

2014/15
€ million

in €

Currency effects in percentage points

in local currency

like-for-like sales in local currency

1

Before special items

Sales

30,513

29,690

−2.7

−2.7

0.0

0.9

Germany

4,819

4,739

−1.7

0.0

−1.7

−1.7

Western Europe (excl. Germany)

10,547

10,247

−2.8

0.0

−2.8

−0.7

Eastern Europe

11,431

10,392

−9.1

−12.6

3.5

4.5

Asia/Africa

3,716

4,312

16.1

15.5

0.5

−0.4

EBIT1

1,125

1,050

−6.6

EBIT margin (%)1

3.7

3.5

Locations (number)

766

764

Selling space (1,000 m2)

5,576

5,468

Like-for-like sales in Eastern Europe increased by 4.5 per cent. In spite of the difficult political situation, like-for-like sales in Russia increased, driven partly by inflation. Like-for-like sales also increased in all other Eastern European countries with the exception of Poland and Romania. Sales rose by 3.5 per cent in local currency. Reported sales fell by 9.1 per cent to €10.4 billion due to very negative currency effects and the sale of the Greek business.

DELIVERING DIRECTLY TO THE KITCHEN

METRO Cash & Carry is constantly working on expanding and enhancing its food service distribution (FSD) delivery concept. The sales line’s goal is to have its existing delivery service better fulfil market and customer expectations.

To best serve Horeca customer needs, the countries’ delivery and food service teams are focusing on developing a relevant commercial model for enhancing METRO Cash & Carry’s value proposition and use of assets worldwide. In so doing, they are focusing on providing their customers a consistently high level of service. This transformation initiative continues to influence the sales line’s processes and capabilities, and is currently being implemented in eight countries, including Germany, China, Russia and the Czech Republic.

In addition, METRO Cash & Carry is extending its FSD business with the acquisition of the Classic Fine Foods group (CFF), which was completed in August 2015. CFF is one of the leading delivery services for premium hotels, restaurants and catering businesses and is represented in 25 major cities in 14 countries, primarily in Asia.

Like-for-like sales in Asia/Africa declined slightly by 0.4 per cent, with India and Japan posting higher like-for-like sales. However, sales rose by 0.5 per cent in local currency. Thanks to positive currency effects, reported sales improved by 16.1 per cent to €4.3 billion.

In financial year 2014/15, the international share of sales of METRO Cash & Carry fell slightly from 84.2 per cent to 84.0 per cent as a result of currency effects.

EBIT at METRO Cash & Carry totalled €975 million in financial year 2014/15 (2013/14: €904 million). This figure includes special items totalling €75 million (2013/14: €221 million). These particularly related to restructuring and efficiency improvement measures at, among others, METRO Cash & Carry Germany.

EBIT before special items amounted to €1,050 million (2013/14: €1,125 million). This decline was due largely to negative currency effects in Russia. Adjusted for these effects, earnings before special items improved.

On 30 September 2015, METRO Cash & Carry operated 764 stores in 26 countries. Of these stores, 107 were in Germany, 232 in Western Europe (excluding Germany), 288 in Eastern Europe and 137 in Asia.

For more information, see the Annual Report 2014/15.