The Management Board of METRO AG (METRO) has decided to increase its outlook for sales and EBITDA (adjusted) for the financial year 2021/22.
Business in Q3 2021/22 has developed better than expected. This is driven by a combination of rising inflation and a strong Horeca momentum as the ‘sCore’ strategy execution progresses well.
METRO now expects:
- Sales to grow by approximately 17% to 22% vs. previous year (previously: 9% to 15%)
- EBITDA adjusted to grow by approximately EUR 150-230 million vs. previous year (previously: grow slightly to moderately)
Please find the complete ad hoc text here.