METRO continues growth path and strategy implementation in 2022/23 – dividend proposed

– Further growth in all 3 sales channels:
o Store-based business grows by 0.2% to €23.3 billion
o Delivery sales grow by 11.2% to €7.1 billion
o METRO MARKETS sales grow by 60.1% to €0.1 billion

– Outlook for financial year 2023/24:
o 3%–7% sales growth
o Adjusted EBITDA €-100 million to €+50 million compared to previous financial year as operational growth is unlikely to fully compensate for cost inflation and other effects

– Growth targets by 2030 confirmed:
o 5%–10% average sales growth
o 5%–7% average EBITDA growth

In financial year 2022/23, METRO successfully continued the implementation of its sCore growth strategy and defended market shares. The wholesaler made significant progress in the strengthening of its delivery and online businesses, as well as in the optimisation of the wholesale approach of its stores. Overall, the past financial year was characterised by a challenging environment due to the continued inflation, rising costs and the cyberattack in Q1 2022/23. In financial year 2022/23, sales in local currency increased by 5.6% despite of the sales lost during the cyberattack (low 3-digit million-euro amount). All 3 sales channels (store-based business, delivery and METRO MARKETS) as well as all segments except Russia contributed to this growth. As expected, EBITDA decreased and amounted to €1,174 million (2021/22: €1,389 million), due to significant cost inflation, the expiration of positive post-transaction effects (Real and China), the declining business development in Russia and the cyberattack.

 Please find further information in the attachement.