Investor Relations
Corporate Governance
Metro International S.A. is a Luxembourg limited-liability company
Latest News
Fourth Quarter 2010 Results
3 February 2011
LUXEMBOURG, 3 FEBRUARY 2011 - METRO INTERNATIONAL S.A. ("METRO" OR "THE GROUP") (MTROA, MTROB), TODAY ANNOUNCED ITS FINANCIAL RESULTS FOR THE FOURTH QUARTER AND TWELVE MONTHS ENDED 31 DECEMBER 2010. INFORMATION WAS SUBMITTED FOR PUBLICATION ON 3 FEBRUARY 2011 AT 8:00 CET.
"THE TURNAROUND CONTINUES"
FINANCIAL SUMMARY
| €'000 | Q4 2010 | Q4 2009 | FY 2010 | FY 2009 |
| Net revenue (like-for-like) | * 66,075 | 60,788 | 206,502 | 190,611 |
| Net revenue** | 70,496 | 61,504 | 222,469 | 220,232 |
| EBIT (like-for-like)* | 8,379 | 9,544 | 5,486 | (3,435) |
| EBIT** | 9,799 | 9,388 | 12,070 | (20,026) |
| Net prof it/(loss) | 8,317 | 5,888 | 3,960 | (21,650) |
| Basic earnings per share (€) | 0.016 | 0.011 | 0.007 | (0.040) |
| Diluted earnings per share (€) | 0.004 | 0.004 | 0.002 | (0.040) |
* Excluding closed, divested and acquired operations, refer section "Financial review" on page 4
** Including closed, divested and acquired operations, refer section "Financial review" on page 4
FULL YEAR HIGHLIGHTS
- EBIT profit of €12.0 million (loss of €20.0 million)
- EBIT profit like-for-like of €5.5 million (loss of €3.4 million)
- Canada and Sweden have been the best performers in the Group, improving EBIT by over €7 million each in 2010
- Net revenue like-for-like increased to €206.5 million (€190.6 million)
- Double digit sales growth in Sweden, Hong Kong, Chile and Canada
Q4 HIGHLIGHTS
- EBIT profit of €9.8 million (profit of €9.4 million)
- EBIT profit like-for-like of €8.4 million (profit of €9.5 million) was hampered by investments in circulation in France to challenge the competition
- Metro South Korea was divested in December and will continue as a franchisee
- The remaining 65 percent stake in the outdoor advertising business SubTV in Chile was acquired in October
CONFERENCE CALL
Metro International will host a conference call today at 10.00 A.M. CET which will be broadcast live on the internet and as a conference call. Participants can take part in the call either through the audiocast or the conference call.
To follow the internet audiocast:A live audiocast of the presentation will be available on www.metro.lu, on 3 February 2011 at 10.00 A.M. CET.
To participate in the conference call, please dial in on the following numbers:
| Sweden | Tel: +46 8 505 598 53 |
| UK / International | Tel: +44 20 304 324 36 |
| US free phone number | Tel: +1 866 458 40 87 |
Conference call participants can access the presentation slides on http://www.metro.lu/node/79.
A re-play will be available on Metro's website www.metro.lu approximately one hour after the event.
For further information, please visit www.metro.lu or contact:
| Per Mikael Jensen, President and CEO | Tel: +44 78 41 67 32 30 |
| Anders Kronborg, CFO | Tel: +44 79 125 40 800 |
| Linda Fors, Head of Investor Relations | Tel: +46 704 15 95 30 |
DATE OF NEXT REPORT
Metro's financial results for Q1 ended 31 March will be published on 15 April 2011.