First Quarter Results 2011

LUXEMBOURG, 15 APRIL 2011 – METRO INTERNATIONAL S.A. (“METRO” OR “THE GROUP”) (MTROA, MTROB), TODAY ANNOUNCED ITS FINANCIAL RESULTS FOR THE FIRST QUARTER ENDED 31 MARCH 2011. INFORMATION WAS SUBMITTED FOR PUBLICATION ON 15 APRIL 2011 AT 8:00 CET. 

 

“OFF TO A GOOD START” 

 

FINANCIAL SUMMARY

 

€’000     Q1 2011     Q1 2010
Net revenue 56,462 48,770
EBIT (390) (3,660)
Net profit/(loss)        (3,400) (5,840)

 

Q1 HIGHLIGHTS 

 

  • Net revenue increased by 16 percent to €56.5 million (€48.8 million)
  • EBIT improved by €3.3 million to a loss of €0.4 million (loss of €3.7 million)  
  • Sweden and Denmark improved EBIT by €1.0 million each 
  • French EBIT loss of €2.1 million as a result of increased competition 
  • Swedish court ruled Metro to pay advertising tax of €10.0 million in April 
  • Metro expanded by launching in Guatemala and two new editions in Canada 

 

 

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 15 April 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, Presidentand 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 Q2 ended 30 June will be published on 18 July 2011




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