German retail giant Metro has warned it will face a one-off cost of up to EUR180m (US$245m) due to the planned cut in income tax in the country.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


The company said today (6 July) it would record the charge of EUR160-180m during the third quarter of the year.


Metro said the charge would not affect its profit forecast for 2007. “Metro Group’s earnings outlook is based upon earnings before interest and taxes (EBIT) and remains thus unaffected.”

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now