Performance of the METRO share

After a volatile performance over the year, the METRO share ended financial year 2015/16 with a gain of 7.3 per cent. The closing price of the METRO ordinary share on 30 September 2016 was €26.49 compared with €24.69 a year earlier. The EURO STOXX Retail sector index registered a gain of 10.1 per cent in financial year 2015/16. The German DAX index closely followed this performance with an increase of 8.8 per cent over the year.

Development of the METRO share price (%)

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

The METRO ordinary share had a good start to financial year 2015/16, outperforming the DAX and EURO STOXX Retail, supported by the announcement of sales results for the past financial year on 19 October 2015. In this positive environment, the METRO share reached its high for financial year 2015/16 at €31.56 on 30 November 2015. Subsequently, geopolitical events such as the Russia/Ukraine conflict and the situation in the Middle East dominated global stock market sentiment. Key factors weighing on stock markets included the economic weakness in Asia and the resulting crisis in international commodity markets, led by low oil prices, which fell to a six-year low in January 2016. The terror attacks in Paris, Brussels and Istanbul also weighed on stock market sentiment. Like the DAX and EURO STOXX Retail indices, the METRO share declined, reaching its low for financial year 2015/16 at €21.87 on 24 February 2016. Along with the relevant benchmark indices, the METRO share subsequently recovered again.

On 30 March 2016, METRO GROUP informed capital markets about its preparations for the demerger of the group into two independent, exchange-listed companies focused on their respective market segments. This caused the METRO ordinary share to increase markedly by nearly 12 per cent, temporarily leaving the rest of the stock market behind it. However, following the UK vote to leave the European Union (“Brexit”), stock prices declined on 24 June 2016. The METRO share initially recovered as METRO GROUP is not directly affected by a possible withdrawal of the United Kingdom from the EU. The signing of the contracts to acquire Pro à Pro, the French food supplier for commercial customers, also had a positive effect. Following the disclosure of results for the third quarter of 2015/16, the METRO share price fell before following the sideways movement of the DAX and EURO STOXX Retail indices until the end of the financial year.

Performance comparison of the METRO ordinary share 2015/16 vs DAX vs EURO STOXX Retail

METRO GROUP

7.3%

DAX

8.8%

EURO STOXX Retail

10.1%

Source: Bloomberg

METRO shares

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2013/14

2014/15

2015/16

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

26.49

Preference shares

20.25

20.20

25.10

High

Ordinary shares

37.28

34.56

31.56

Preference shares

29.20

24.44

26.25

Low

Ordinary shares

25.00

23.06

21.87

Preference shares

20.09

19.31

19.84

Profit distribution

Ordinary shares

0.90

1.00

1.001

Preference shares

1.13

1.06

1.061

Dividend yield based on closing price

Ordinary shares

%

3.5

4.1

3.81

Preference shares

%

5.6

5.2

4.21

Market capitalisation (billion)

 

8.5

8.1

8.7

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