METRO AG

B4B

Equity

ISIN DE000BFB0019 / Valor 37437098

Xetra (2026-01-21)

EUR 5.82-2.51%

METRO AG
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About company

METRO AG is a prominent international food wholesaler operating in over 30 countries, with a network of 623 stores across 21 countries, 522 of which offer out-of-store delivery services. Additionally, the company manages 94 dedicated depots and runs a delivery-only business in 12 countries through its Food Service Distribution (FSD) companies. METRO AG serves as the central management holding company, overseeing group management and administrative functions. The company's primary customer segments include the HoReCa sector—comprising hotels, restaurants, catering companies, bars, cafés, and canteen operators—and the Traders sector, which includes small grocery stores and kiosks. METRO primarily caters to small and medium-sized enterprises and sole traders, assisting them in navigating business challenges. The company also operates METRO SOURCING in Hong Kong, focusing on the international procurement of non-food products, and the METRO Global Solution Center in India, which aims to standardize processes and provide cost-effective solutions. As a wholesaler, METRO is actively engaged in political developments related to trade, food, sustainability, entrepreneurship, and digitalization.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Top-line and growth

Sales (net) rose to €31,029 million (reported +1.6% vs prior year; METRO cites +6% currency- and portfolio-adjusted). Growth was driven by food service distribution (FSD) and marketplace/digital channels — FSD sales €7,942m (+12%) and METRO MARKETS platform activity increased notably.

Profitability

Adjusted EBITDA declined to €1,058 million (down €116m, −9.9% year-on-year) and EBIT dropped to €218 million (−63.6%), reflecting transformation cost pressure, rising operating costs and the expiry of certain post-transaction effects. Management emphasises productivity initiatives to restore margin momentum.

Earnings per share & dividend

Reported basic/diluted EPS was €−0.33 (2022/23: €1.21). In line with its payout policy and current EPS, the Management Board and Supervisory Board propose no dividend for financial year 2023/24 (proposed dividend €0.00).

Cash, leverage and financing

Free cash flow improved to −€24 million (from −€147m prior year). Net-debt/EBITDA sits at about 2.9× (above the stated <2.5× ambition). METRO strengthened liquidity and refinancing via a €500m 5‑year bond (Feb 2024) and a €300m promissory note loan (Oct 2024).

Strategic KPIs & multichannel progress

Key sCore KPIs improved: strategic customer sales share 76% (up), own-brand share 24%, stock availability 97%, FSD sales share 26%, digital sales share 14%. METRO highlights conversions of stores into combined delivery locations, delivery network expansion and digital/marketplace scaling.

Network, M&A and operational moves

Store count roughly stable (624 locations) with expansion of FSD depots (76 → 94). METRO completed targeted acquisitions (e.g., Fisk Idag, Donier Gastronomie, Caterite additions) to strengthen Scandinavian and UK FSD capabilities and rolled out DISH POS / DISH Pay in more countries.

Outlook and management priorities

For financial year 2024/25 METRO expects sales growth of 3–7% and a slight increase in adjusted EBITDA, while planning transformation costs of up to €150 million to lift productivity and execute the sCore strategy toward 2030 ambitions. Management emphasises continued investment in growth alongside productivity measures.

Summarized from source with an LLMView Source

Key figures

47.3%1Y

-39.8%3Y

-42.6%5Y

Performance

34.9%1Y

29.9%3Y

30.4%5Y

Volatility