METRO Group News Feed 2010-09-09T14:41:47+01:00 METRO AG http://www.metrogroup.de/servlet/PB/menu/1001241_l2/index.html http://www.metrogroup.de/metrode/layout/img/metrogroup_logoPr.gif tag:www.metrogroup.de,2010-06-18:1262370_l2 2010-06-18T11:00:00+01:00

- Earnings target of € 150 million by 2012 confirmed<br>- Extensive investment programme of around € 100 million<br>- Portfolio optimisation with disposal of four stores<br>- Integration of C+C Schaper <br>- Further innovations for more customer proximity<br><br><br>METRO Cash & Carry Germany has stopped the downward trend: One year after the start of the turnaround programme the company is showing first positive results and thereby strengthening the basis for a return to long-term, profitable growth. One important element of the group-wide efficiency and value enhancement programme Shape 2012 continues to be the target of increasing earnings to around € 150 million by 2012. The turnaround of METRO Cash & Carry Germany is strengthened by a growth offensive. In the framework of an extensive investment programme numerous stores will be modernised, further innovative concepts implemented and the store portfolio as well as the administrative structures optimised.

tag:www.metrogroup.de,2010-06-29:1263490_l2 2010-06-29T11:00:00+01:00

- Market entry under brand name "MAKRO"<br>- Sustainable contribution to local economy <br>- Two more stores to open in 2010 – Medium-term potential for around ten stores in major Egyptian cities<br><br>With the opening of its first store in Cairo under the brand name "MAKRO", the wholesaler Metro Cash & Carry continues its successful international expansion strategy. The store near Cairo will be opened tomorrow under the brand name "MAKRO". Egypt is now the 31st country within the company's ever growing network represented by over 670 self-service wholesale stores around the world. With this move METRO GROUP will be represented in 34 countries: The world’s third largest retailer this year again distinctly accelerates its international growth and raised its investment budget from € 1.5 billion to around € 1.9 billion. In total, METRO GROUP plans to open around 95 new stores in 2010 (2009: 80).

tag:www.metrogroup.de,2010-07-29:1346420_l2 2010-07-29T15:00:00+01:00

- Thomas Unger is leaving the Group <br>- Dr. Eckhard Cordes, Olaf Koch and Frans Muller will take over his functions<br> <br>Thomas Unger (49), who has served as Vice Chairman of METRO AG since August 2009, is leaving the company's Management Board effective 30 September 2010. On 29 July 2010, the Supervisory Board of METRO AG resolved on the revocation by mutual agreement of his appointment as Vice Chairman of the Management Board. As a consequence, the Management Board will be downsized from five to four members and the responsibilities reassigned. From October 2010, the CEO Dr Eckhard Cordes will also be responsible for Media Markt and Saturn, as well as for Internal Audit, and the CFO Olaf Koch for Galeria Kaufhof.The Management Board member Frans Muller will in addition assume responsibility for the Group's Real Estate segment (MAM).

tag:www.metrogroup.de,2010-08-02:1346760_l2 2010-08-02T12:15:00+01:00

METRO GROUP Raises Capex on the Back of Solid H1<br><br>H1<br>- METRO GROUP sales grow by 2.4% to €31.2 billion <br>- Sales in Germany adjusted for store disposals slightly below prior year's level <br>- International sales increase by 4.9%(Western Europe: +4.0%; Eastern Europe: +5.6%; Asia/Africa: +8.6%) <br>- Efficiency- and value-enhancing programme Shape 2012 further on track <br>- EBIT before special items grows due to Shape contributions by €67 million to €470 million <br>- Expansion with 28 new store openings <br>- Net debt reduced by €134 million <br>- Capex budget increased from €1.9 billion to €2.1 billion <br><br>Q2<br>- METRO GROUP sales grow by 2.4% to €15.7 billion

tag:www.metrogroup.de,2010-09-09:1351560_l2 2010-09-09T14:30:00+01:00

The Media-Saturn Group has brought preparations for its previously announced exclusive-brands strategy to a successful close. The new ok. brand for the entry level price segment across all product categories and the KOENIC brand for high-quality household and domestic appliances will be launched at all Media Markt and Saturn stores in four European countries right in time for the Christmas shopping season. The PEAQ brand for consumer electronics will follow in the first half of 2011, and the ISY brand for electronic accessories in the second half of the coming year. Parallel to the sales launch in Germany, the products will also be on the shelves at Media Markt and Saturn stores in the Netherlands, Italy and Austria. The brands and product lines will also gradually be expanded in the other 12 European countries in which both retail brands currently have stores.