Edition:
United States

Metro AG (MEOG.DE)

MEOG.DE on Xetra

29.00EUR
9:28am EDT
Change (% chg)

€0.11 (+0.38%)
Prev Close
€28.89
Open
€28.90
Day's High
€29.02
Day's Low
€28.82
Volume
190,930
Avg. Vol
845,518
52-wk High
€32.27
52-wk Low
€24.45

Latest Key Developments (Source: Significant Developments)

Metro expects solid Russia business in coming quarters - conf call
Friday, 3 Feb 2017 03:49am EST 

Metro AG : Expects solid Russia business in the coming quarters - conference call . Wants to expand in market in Myanmar - conf call Further company coverage: [MEOG.DE] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 722 0920;)).  Full Article

Metro Q1 EBIT before special items down at 821 mln euros
Friday, 3 Feb 2017 03:40am EST 

Metro Ag : Q1 EBIT before special items at 821 million euros ($882.74 million) versus reuters consensus for 829 million euros . Q1 attributable net profit before special items at 381 million euros versus 367 million euros year ago . Guidance confirmed for financial year 2016/17 . Management and supervisory boards of Metro have taken all preparatory decisions for the planned demerger Further company coverage: [MEOG.DE] ($1 = 0.9301 euros) (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

Metro CEO says confident about shareholder vote on split
Friday, 3 Feb 2017 01:52am EST 

Metro AG CEO : Says have completed financing for both new parts of the company, targeted ratings also secured . Says confident about shareholder vote on split of company . Says rouble to bring more stability but no tailwind Further company coverage: [MEOG.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Metro's Media-Saturn buys Floesch stores in southern Germany
Friday, 27 Jan 2017 03:20am EST 

Metro AG's Media-Saturn : Says buys Floesch's two stores in southern Germany in first offline buy since 2004, no price details Further company coverage: [MEOG.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

S&P confirms preliminary investment grade rating for future Metro
Thursday, 22 Dec 2016 06:17am EST 

Metro AG : Says ratings agency S&- confirms preliminary investment grade rating for future Metro . Says S&P sees a stable market position, moderate improvement in profit margin as well as improved debt ratio as the basis for confirmation Further company coverage: [MEOG.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Metro sees sales growth above 3 pct at both future businesses
Thursday, 15 Dec 2016 04:38am EST 

Metro AG in presentation slides for its Capital Markets Day : Says sees annual sales growth of more than 3 percent at each of its businesses after split . Says sees medium-term EBITDA margin for consumer electronics group heading toward 5 percent . Says sees stable EBITDA margin at food group in medium term . Says aims for cash flow conversion of more than 60 percent for both businesses in medium term Further company coverage: [MEOG.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Metro sees Q4 restructuring costs about same as Q3
Tuesday, 6 Sep 2016 05:02am EDT 

Metro Ag : Metro CEO says expects restructuring costs in Q4 at about same level as in Q3 Further company coverage: [MEOG.DE] (Reporting by Frankfurt Newsroom) ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Metro to implement preparatory measures for a demerger of the group
Monday, 5 Sep 2016 08:41am EDT 

Metro AG : Management board and supervisory board of Metro AG decide to implement preparatory measures for a demerger of the Metro Group . It is planned to transfer wholesale and food specialist businesses and further related activities to an independent stock-listed company, whereas consumer electronics business will basically remain part of today's Metro AG . It is intended to create new growth perspectives by putting strategic and organisational focus of two independent trading companies on their respective business activities . Has further determined assets to be separated from Metro AG and has thus taken a decision on capital structures of two future companies . Demerger is to take place by way of a spin-off in accordance with German Transformation Act (Umwandlungsgesetz) . It is planned to submit demerger proposal for resolution to next annual general meeting of Metro AG . Current shareholders of Metro AG will presumably hold a share of about 90% in new wholesale and food specialist business in proportion to their current shareholdings . Remaining 10 pct share will be held by Metro AG . It is planned to complete demerger by mid-2017 . All shares of new wholesale company will be admitted to stock exchange trading upon completion of demerger.  Full Article

Colruyt sells Pro à Pro to Metro Group
Friday, 8 Jul 2016 05:39am EDT 

Colruyt NV : Sells its French foodservice distribution business Pro à Pro to Metro Group .Transaction comprises the brand name and the operational business, as well as the distribution centres, logistic platforms and truck fleet of Pro à Pro.  Full Article

Metro group acquires stake in service start-up Deutsche Technikberatung
Thursday, 7 Jul 2016 08:19am EDT 

Metro Ag says :Acquires stake in service start-up Deutsche Technikberatung.  Full Article

More From Around the Web