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Metro International S.A. is a Luxembourg limited-liability company
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FINANCIAL RESULTS FOR THE FIRST QUARTER ENDED 31 MARCH 2005
20 April 2005
Luxembourg, 20 April 2005 - Metro International S.A. ("Metro") (MTROA, MTROB) today announced its financial results for the first quarter ended 31 March 2005.
FIRST QUARTER 2005 HIGHLIGHTS
- 28% year on year increase in net sales to US$ 84.1 million (US$ 65.8 million)
- Operating profit of US$ 7.5 million, including US$ 15.9 million Metro Boston transaction profit (loss of US$ 3.9 million)
- A 49% interest in Metro Boston sold for US$ 16.5 million to The New York Times Company, realizing a transaction profit of US$ 15.9 million
- Operating loss for newspaper editions of US$ 3.6 million (profit of US$ 0.4 million) and operating loss for online businesses of US$ 0.4 million (US$ 0.0 million)
- Operating profit for newspaper editions, excluding the new Lisbon and New York editions of US$ 1.0 million (profit of US$ 0.7 million)
- Daily circulation at the end of March 2005 reached 6.9 million copies
- Net profit of US$ 5.8 million (loss of US$ 5.4 million)
- Cash and bank balances of US$ 47.3 million and net cash of US$ 3.3 million
- Weighted average basic profit per share of US$ 0.01 (loss of US$ 0.01)
Metro's financial results for the second quarter and three months ended 30 June will be released on 21 July 2005.
This interim report has not been subject to review by the Company's auditors.
20 April 2005
Metro International S.A.
11 Boulevard royal
L-2449, Luxembourg
For further information, please visit www.metro.lu, email info@metro.lu or contact:
Pelle Törnberg, President & CEO tel: +44 (0) 20 7016 1300
Henrik Persson, Investor & Press Relations tel: +46 (0) 8 562 000 87
The full report with tables can be downloaded from the following link: