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.
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.”
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Food Excellence Awards - Have you nominated?
Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!
Nominate Now
