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Metro International S.A. is a Luxembourg limited-liability company
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METRO INTERNATIONAL IS TO SUSPEND DISTRIBUTION OF BOSTAD EDITION IN STOCKHOLM FOR 2008
18 December 2007
Metro International S.A ("Metro International"), the international newspaper group, has decided to suspend the door-to-door distribution of the real estate edition Metro Bostad in Stockholm for 2008. The company will however continue to distribute its highly successful Bostad edition in Skåne, in the south region of Sweden, unaffected by this decision.
Metro will continue to serve the real estate market in Stockholm by an enhanced weekly supplement in Green Metro, "Metro Living", during next year, which will deliver the highest reach among all real estate products in the Stockholm region.
Per Mikael Jensen, CEO of Metro International, commented: "Following a review of the business model it has become apparent that the current price-pressured market in Stockholm is not supportive of the home-delivered, low-margin Metro Bostad concept. We have therefore decided to bring the home-delivered real estate edition to a standstill in Stockholm ahead of 2008, with all employees being integrated into Metro's existing business. The actions taken today are also in line with Metro International's continued strategic review, initiated by the board, which is expected to be completed during spring 2008.
For further information, please visit www.metro.lu, or contact:
| Frank Mooty, CFO |
tel: +44 (0)20 7016 13 00 |
|
Martin Alsander, Executive Vice President |
tel: +46 (0)8 402 99 00 |
| Birgitta Henriksson, IR contact |
tel: +46 (0)70 812 86 39. |
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ABOUT METRO INTERNATIONAL AND METRO
Metro is the largest and fastest growing international newspaper in the world. Metro is published in over 100 major cities in 21 countries across Europe, North & South America and Asia. Metro has a unique global reach - attracting a young, active, well-educated Metropolitan audience of over 20 million daily readers. Metro International's advertising sales have grown at a compound annual rate of 41% since the launch of the first edition in 1995.
Metro International 'A' and 'B' shares are listed on the OMX Nordic Exchange's Nordic List under the symbols MTRO SBD A and MTRO SBD B.