Q3 2024/25: Good sales growth in all segments and channels
29 July 2025Download
METRO increased its sales in the third quarter of 2024/25 by 7.4% in local currency. Sales in the store-based business grew by 4.9% in local currency to €6.0 billion, delivery sales by 14.1% to €2.3 billion and METRO MARKETS' sales by 15.2% to €59 million. Reported total sales rose by 4.8% to €8.4 billion and were strongly impacted by negative currency effects, particularly in Turkiye.
"The good sales growth despite a continuing challenging market environment shows once again that we are on the right track with our sCore strategy and our multichannel business model. All segments and sales channels contributed to this positive development. The growth driven consistently by sCore is also reflected positively in EBITDA. Nevertheless, it remains essential that we continue to focus on the productivity and profitability of our business," says Dr Steffen Greubel, CEO of METRO AG.
Adjusted EBITDA rose to €336 million in the third quarter (Q3 2023/24: €335 million). This was offset in Q3 2024/25 by the transformation-related development in Germany and the decline in earnings in Russia (particularly due to higher IT costs). The earnings contributions from real estate transactions amounted to €1 million in Q3 2024/25 (Q3 2023/24: €8 million). Adjusted for currency effects, adjusted EBITDA rose by €10 million compared with the same period of the previous year. Negative currency effects were mainly incurred in Turkiye. In addition, transformation costs of €46 million (Q3 2023/24: €4 million) were incurred, driven by global cost-saving initiatives. As a result, reported EBITDA fell to €291 million (Q3 2023/24: €339 million).
Key sales figures Q3 2024/25
| METRO | Sales (€ million) | Change (€) | Currency effects | Change (local currency) |
||||
|---|---|---|---|---|---|---|---|---|
| Q3 2023/24 | Q3 2024/25 | Q3 2023/24 | Q3 2024/25 | Q3 2023/24 | Q3 2024/25 | Q3 2023/24 | Q3 2024/25 | |
| Total |
7,975 | 8,357 | 4.4% | 4.8% | 1.0% | -2.6% | 3.4% | 7.4% |
|
of which Store-based and
other business |
5,838 | 5,973 | 0.7% | 2.3% | 1.0% | -2.6% | -0.3% | 4.9% |
|
of which delivery
|
2,086 | 2,325 | 15.2% | 11.5% | 0.7% | -2.6% | 14.5% | 14.1% |
|
of which METRO MARKETS
|
51 | 59 | 43.0% | 15.2% | 0.0% | 0.0% | 43.0% | 15.2% |
| Segments | ||||||||
| Germany |
1,227 | 1,260 | -2.4% | 2.7% | 0.0% | 0.0% | -2.4% | 2.7% |
| West | 3,335 | 3,554 | -0.6% | 6.6% | 0.0% | 0.1% | -0.6% | 6.5% |
| Russia | 597 | 664 | 7.1% | 11.2% | -5.9% | 6.3% | 13.0% | 4.9% |
| East | 2,739 | 2,795 | 13.5% | 2.1% | 4.5% | -9.2% | 9.1% | 11.3% |
| Others | 77 | 84 | 30.2% | 8.5% | 0.0% | 0.0% | 30.2% | 8.5% |
Key earnings figures Q3 2024/25
| METRO | Adjusted EBITDA1 | Transformation costs (+), or transformation gains (-)1 | Earnings contributions (+) from real estate transactions |
EBITDA | |||||
|---|---|---|---|---|---|---|---|---|---|
€ million |
Q3 2023/24 |
Q3 2024/25 |
Change (€) |
Q3 2023/24 |
Q3 2024/25 |
Q3 2023/24 |
Q3 2024/25 |
Q3 2023/24 |
Q3 2024/25 |
| Total | 77 | 56 | -22 | -4 | 23 | 2 | 97 | 84 | 130 |
| Germany | -12 | -30 | -18 | 0 | 13 | 0 | 0 | -12 | -44 |
| West | 69 | 49 | -20 | 0 | 2 | 0 | 0 | 69 | 46 |
| Russia | 18 | 19 | 1 | 0 | 0 | 0 | 0 | 18 | 19 |
| East | 55 | 45 | -10 | 0 | 1 | 0 | 0 | 55 | 43 |
| Others | -52 | -26 | 26 | -4 | 6 | 2 | 97 | -46 | 65 |
| Consolidation | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
1 New definition of adjusted EBITDA and transformation costs from 1 October 2024 (see Annual Report 2023/24), incl. prior-year adjustment.
METRO is a leading international food wholesaler which specialises in serving the needs of hotels, restaurants, and caterers (HoReCa) as well as independent resellers (Traders). Around the world, METRO has approx. 15 million customers who benefit from the wholesale company’s unique multichannel mix: customers can purchase their goods in one of the large stores in their area as well as by delivery (Food Service Distribution, FSD) – all digitally supported and connected. In parallel, METRO MARKETS is being developed as an international online marketplace for the needs of professional customers which has been growing and expanding continuously since 2019. Acting sustainably is one of the company principles of METRO which has been listed in various sustainability indices and rankings, including MSCI, Sustainalytics and CDP. METRO operates in more than 30 countries and employs over 85,000 people worldwide. In financial year 2023/24, METRO generated sales of €31 billion.
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