GERMANY: Metro joins in optimistic forecast of sales, profit growth
German retail group Metro today [Tuesday] forecasted a 10% increase in earnings per share this year, on sales forecast up 6% to exceed €52bn (US$45.73bn) in the full year. Group chief executive Hans-Joachim Koerber told a press conference "business figures for March already indicate a stimulation in the domestic arena". Koerber's words echo optimistic forecasts by French and Dutch counterparts Carrefour and Ahold, which both recently said they expect to report a 10% improvement in earnings per share during the year in progress.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 16 years of archives.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Nestle India grows with global, digital innovation
- Analysis: Tyson's shrewd investment in Beyond Meat
- How Nestle tackles Indian challenges - interview
- Lamb Weston goes it alone: six things to learn
- Thailand: convenience to continue to thrive
- Mars launches Maltesers in the US
- Bel takes majority stake in MOM Group
- Campbell backs US nutrition start-up Habit
- Mondelez focuses on margins as sales slip
- Nestle's Buitoni to remove GMOs
- The Big 15: Strategies and Priorities of Top Packaged Food Players in Comparison
- Omega-3 in Food and Beverage:Time for a Reboot?
- Packaged Food: Quarterly Statement Q3 2016
- Global Food Packaging: Innovating for Greater Convenience and Quality Image
- Meat Processing in China - Industry Market Research Report