The turnover of the German Metro Group has, according to preliminary figures for the first three quarters of 2013, after adjustment of portfolio changes and currency effects, increased by 0.9% compared to the same period last year, reports the German website Gabot.de. In the third quarter, the increase in turnover after correction of portfolio changes and currency effects was 1.8%. "We have achieved our sales target and can confirm our EBIT forecast," said Olaf Koch, CEO of Metro AF.
The company expects the EBIT for special items will be a little higher than last year, when it amounted to 706 million Euro. In the first three quarters of 2013 the overall turnover was 46.3 billion Euro, slightly below that of last year. This is due to the difficult economic situation in large parts of Europe, the sale of Real Eastern Europe and negative currency effects.