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Metro International S.A. is a Luxembourg limited-liability company
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Third Quarter Results Q3 2010
18 October 2010
LUXEMBOURG, 18 OCTOBER 2010 - METRO INTERNATIONAL S.A. ("METRO" OR "THE GROUP") (MTROA, MTROB), TODAY ANNOUNCED ITS FINANCIAL RESULTS FOR THE THIRD QUARTER AND NINE MONTHS ENDED 30 SEPTEMBER 2010. INFORMATION WAS SUBMITTED FOR PUBLICATION ON 18 OCTOBER 2010 AT 8:00 CET.
"MARKETS RETURNING TO GROWTH"
FINANCIAL SUMMARY
| €'000 | Q3 2010 | Q3 2009 | YTD 2010 | YTD 2009 |
| Net revenue (like-for-like)* | 45,009 | 40,406 | 143,552 | 132,055 |
| Net revenue** | 45,942 | 42,449 | 151,973 | 158,728 |
| EBIT (like-for-like)* | (1,557) | (4,515) | (1,913) | (12,393) |
| EBIT** | 3,212 | (8,138) | 2,271 | (29,414) |
| Net profit/(loss) | 1,003 | (8,603) | (4,357) | (27,538) |
| Basic and diluted earnings per share (€) | 0.00 | (0.01) | (0.01) | (0.05) |
* 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, Q3 includes a net gain relating to revaluation of shares in Mexico of €6.1 million and impairment losses of €1.5 million
HIGHLIGHTS
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Net revenue like-for-like increased by 11 percent to €45.0 million (2009: €40.4 million)
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Net revenue increased by 8 percent to €45.9 million (2009: €42.4 million)
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EBIT loss like-for-like of €1.6 million (2009: loss of €4.5 million)
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EBIT profit of €3.2 million (2009: loss of €8.1 million)
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4th consecutive quarter with improved results
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Strong sales growth in Russia, Mexico, Brazil, Canada, Sweden and Chile
- Further investment in Metro Mexico
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, 18 October 2010 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 at 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: +46 8 1205 7000 |
| Anders Kronborg, CFO | Tel: +46 8 1205 7000 |
| Linda Fors, Head of Investor Relations | Tel: +46 704 15 95 30 |
DATE OF NEXT REPORTMetro's financial results Q4 ended 31 December 2010 will be published 3 February 2011.
METRO INTERNATIONAL S.A ANNUAL GENERAL MEETING 2010The 2011 Annual General Meeting will be held on 10:00 AM 26 May 2011 in Luxembourg. Shareholders wishing to have matters considered at the Annual General Meeting should submit their prop osals in writing to agm@metro.lu or the Company Secretary, Metro International S.A. 2-4, avenue Marie-Therese, L-2132 Luxembourg, Grand Duchy of Luxembourg at least seven weeks before the Annual General Meeting, in order that the proposal may be included in the notice to the meeting. Further details on how and when to register will be published in advance of the meeting.
NOMINATION COMMITTEE FOR THE 2010 ANNUAL GENERAL MEETINGA Nomination Committee of major shareholders in Metro International has been formed in accordance with the resolution of the 2010 Annual General Meeting, The Nomination Committee is comprised of Cristina Stenbeck on behalf of Investment AB Kinnevik, Marianne Nilsson on behalf of Swedbank Robur and Annika Andersson on behalf of the 4th National AP Fund.
Information about the work of the Nomination Committee can be found on Metro International's corporate website at www.metro.lu. Shareholders wishing to propose candidates for election to the Board of Directors of Metro International S.A. should submit their proposal in writing to agm@metro.lu or to the Company Secretary, Metro International S.A, 2-4, avenue Marie-Therese, L-2132 Luxembourg, Grand Duchy of Luxembourg.
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ABOUT METRO INTERNATIONAL AND METROMetro is the largest international newspaper in the world. Metro is published in over 100 major cities in 19 countries across Europe, North & South America and Asia. Metro has a unique global reach - attracting a young, active, well-educated Metropolitan audience of 17 million daily readers.
Metro International S.A. shares are listed on Nasdaq OMX Stockholm through Swedish Depository Receipts of series A and series B under the symbols MTROA and MTROB.