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Metro AG Posts Strong 3Q Sales

August 31, 2017: 12:00 AM EST
German retail and wholesale company Metro AG (Düsseldorf) reported an increase of 2.6 percent in like-for-like sales in the third quarter, along with an increase of 4.9 percent in overall sales to $11 billion. The company attributed the healthy numbers to “positive currency effects” as well as its acquisition of Pro a Pro, a French foodservice distribution specialist. Earnings before interest and taxes (EBIT) reached $256 million compared to $81 million in the same period last year. Chief executive Olaf Koch said the financial results, the first since the demerger of Metro Group, indicate that the company has “become more relevant for our customers worldwide.” [Image Credit: © Metro AG ]
"Metro with strong like for like sales growth in Q3", Earnings release, Metro AG, August 31, 2017, © Metro AG
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