Annual Report 2015/16

Clarity

Olaf Koch (photo)

Letter to the shareholders

Both operationally and strategically, financial year 2015/16 was a significant year for METRO GROUP. Our core businesses continued their positive trend and we further strengthened our balance sheet thanks to our consistent drive to create value for our customers and our efforts to sharpen the focus of our business activities.

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Overview of financial year 2015/16

Earnings position

Like-for-like sales

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Like-for-like sales at METRO GROUP climbed by 0.2 per cent in financial year 2015/16

Profit for the period

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Profit for the period before special items: €727 million (2014/15: €688 million)

Overview of financial year 2015/16

Financial and asset position

Net debt

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Net debt declined by €0.2 billion to €2.3 billion (30/9/2015: €2.5 billion)

Investments

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Investments totalled €1.4 billion (2014/15: €1.4 billion)

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