GERMANY: Metro sales up in first quarter
German retailer Metro has announced a rise of 4.2% in sales for the first quarter of 2005 to €13.4bn (US$17.2bn).
"All in all, we are satisfied with the first quarter 2005," said CEO Dr. Hans-Joachim Körber. "In particular our nonfood sales divisions were successful in Germany and abroad." Sales rose 3.0% in Western Europe and 5.5% Asia and Africa.
Overall, METRO Group raised its earnings before interest, taxes, depreciation and amortization (EBITDA) by 2.9% to €439.8m.
Companies: Metro Group
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