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Metro International S.A. is a Luxembourg limited-liability company
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FINANCIAL RESULTS FOR THE FIRST QUARTER AND THREE MONTHS ENDED 31 MARCH 2004
21 April 2004
Luxembourg, 21 April 2004 - Metro International S.A. ("Metro") (MTROA, MTROB), today announced its financial results for the first quarter and three months ended 31 March 2004. FIRST QUARTER HIGHLIGHTS - First combined first quarter profit for Metro newspaper operations of US$ 0.4 million (loss of US$ 7.3 million) since listing of Metro shares in August 2000 - 51% year on year increase in net sales to US$ 65.8 million (US$ 43.6 million) - 51% year on year reduction in operating loss to US$ 5.1 million (US$ 10.4 million) - 63% year on year reduction in net loss to US$ 5.6 million (US$ 15.2 million) - 76% year on year reduction in cash flow used by newspaper operations and headquarters to US$ 3.0 million (US$ 12.6 million) - Metro Sweden sales, including new real estate editions, up 68% year on year and profits up 92% - All operations launched in last twelve months report combined profit - Weighted average basic loss per share of US$ 0.01 (US$ 0.14 per share) For additional information, please see full release attached.