* Q4 sales 14.2 bln euros vs analyst consensus for 14.29 bln
* Like-for-like sales up 0.1 pct, down 2.0 pct at
* FY guidance confirmed for slight rise in EBIT
* Metro expects "favourable environment" for Christmas trade
(Adds details, background)
BERLIN, Oct 19 German retailer Metro
saw a fall in fiscal fourth-quarter sales at its Media-Saturn
consumer electronics unit due to a decline at online site
Redcoon and a reversal after the European soccer championship
had boosted sales of televisions.
Group sales dipped 0.5 percent to 14.2 billion euros ($15.59
billion), at the low end of analyst forecasts which averaged
It said like-for-like sales rose 0.1 percent, supported by
increases at its cash and carry and Real hypermarkets
businesses, which it plans to separate from its consumer
electronics chain and list next year.
The cash and carry business, which serves independent
traders, hotels and restaurants, saw like-for-like sales rise
1.4 percent, with its Russia unit, which had suffered from the
downturn there, reporting slight growth.
However, like-for-like sales fell 2 percent at Media-Saturn,
as turnover sagged after the European soccer championship and
due to a decision to end the unprofitable wholesale business of
its online site Redcoon.
Metro reiterated its forecast for a slight rise in earnings
before interest and taxation in fiscal 2015/16, excluding
special items. It will report full results on Dec. 14.
Metro said it is well prepared for the upcoming Christmas
season, when it makes the bulk of its profits, saying it expects
"a favourable market environment".
(Reporting by Emma Thomasson; editing by Tina Bellon and Jason