Investor Relations
Corporate Governance
Metro International S.A. is a Luxembourg limited-liability company
Latest News
FINANCIAL RESULTS FOR THE THIRD QUARTER AND NINE MONTHS ENDED 30 SEPTEMBER 2003
21 October 2003
NINE MONTHS ENDED 30 SEPTEMBER 2003
- Group net sales up 44% year on year to US$ 139.1 million (US$ 96.4 million)
- 62% year on year reduction in net loss to US$ 22.4 million (US$ 58.4 million)
- Year on year reduction in basic loss per share to US$ 0.13 (US$ 0.53)
THIRD QUARTER HIGHLIGHTS
- Group net sales up 37% year on year to US$ 42.4 million (31.1 million)
- Group EBITA operating losses reduced by 61% year on year to US$ 8.1 million (US$ 20.8 million)
- 86% year on year reduction in cash flow used by operations to US$ 3.5 million (US$ 24.0 million)
- 97% reduction in group net losses to US$ 0.7 million (US$ 25.2 million)
- All 26 editions report combined EBITA profit of US$ 0.9 million in September
- Leading French and European broadcaster announced agreement to acquire 34.3% stake in Metro France for cash consideration of € 12 million
- Net proceeds of US$ 26.4 million received from over-subscribed rights issue
- Conversion of US$ 136.8 million of interest bearing loans into equity
- Expansion into new cities in Spain and South Korea
For further information, please visit www.metro.lu, email info@metro.lu or contact:Pelle Törnberg, President & CEO tel: +44 (0) 20 7016 1300Matthew Hooper, Investor & Press Relations tel: +44 (0) 20 7321 5010
The full report including tables can be downloaded from the following link: