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Metro International S.A. is a Luxembourg limited-liability company
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FINANCIAL RESULTS FOR THE THIRD QUARTER AND NINE MONTHS ENDED 30 SEPTEMBER 2005
20 October 2005
Luxembourg, 20 October 2005 - Metro International S.A. ("Metro") (MTROA, MTROB), today announced its financial results for the third quarter and nine months ended 30 September 2005.
NINE MONTHS ENDED 30 SEPTEMBER 2005
- 25% year on year increase in net sales to US$ 258.4 million (US$ 207.0 million)
- Operating loss of US$ 8.0 million (US$ 13.1 million)
- US$ 15.9 million profit on the sale in the first quarter of a 49% interest in Metro Boston to The New York Times Company
- Net loss of US$ 12.9 million (US$ 14.4 million)
- Weighted average basic loss per share of US$ 0.02 (US$ 0.02)
THIRD QUARTER 2005 HIGHLIGHTS
- 20% year on year increase in net sales to US$ 74.0 million (US$ 61.6 million)
- Operating loss of US$ 10.2 million (US$ 11.0 million)
- Operating loss for newspaper editions of US$ 4.2 million (US$ 5.2 million)
- New York sales up year on year by 177%
- US operations' operating loss reduced year on year by 42% to US$ 2.6 million
- Sweden reports 27% increase in operating profits
- Metro signs franchise agreement with leading St Petersburg newspaper Mempo
- Metro concludes negotiations to acquire a further 24.99% equity interest in Metro Seoul Holdings Inc.
- Net loss of US$ 12.2 million (US$ 10.3 million)
- Cash and bank balances of US$ 27.1 million and net debt of US$ 17.7 million at end of quarter
- Weighted average basic loss per share of US$ 0.02 (US$ 0.02)
The full report with tables can be downloaded from the following link: