METRO AG raises outlook for FY 2021/22 due to rising inflation and better than expected business development06 July 2022
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)
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