The Metro boss wants the company to focus entirely on its core wholesale business again.
(Photo: Metro)
Dusseldorf Steffen Greubel is in a dilemma. He can still announce so much good news, but investors don’t seem to reach the Metro boss. Since the beginning of the year, the retail group’s share has lost twelve percent and has meanwhile marked an all-time low of just over six euros.
When the figures for the past financial year were announced this Thursday, the pattern was similar again. Sales increased by more than 20 percent to 29.8 billion euros, the operating profit (Ebitda) reached almost 1.4 billion euros, the upper half of the twice raised forecast. But the share price starts again in the red and hardly recovers during the course of the day.
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