Third Quarter Results 2011

Q3

LUXEMBOURG, 17 OCTOBER 2011 – METRO INTERNATIONAL S.A. (“METRO” OR “THE GROUP”) (MTROA, MTROB), TODAY ANNOUNCED ITS FINANCIAL RESULTS FOR THE THIRD QUARTER ENDED 30 SEPTEMBER 2011. INFORMATION WAS SUBMITTED FOR PUBLICATION ON 17 OCTOBER 2011 AT 8:00 CET.

 

“STRATEGIC INITIATIVES CONTINUE”

FINANCIAL SUMMARY

€’000 Q3 2011 Q3 2010 YTD 2011 YTD 2010
Net revenue 42 048 37 364 138 843 119 613
EBIT (1 846) 4 478 4 733 4 199
Net profit/(loss) (6 187) 1 850 (6 675) (2 751)

The figures relate to continuing operations (excluding France, Hungary and English Canada), refer Note 12

HIGHLIGHTS

§ Net revenue increased by 13 percent to €42.0 million (€37.4 million)

§ EBIT loss of €1.8 million after provision of €2.8 million for lawsuit in Spain. Previous years EBIT of €4.5 million includes a revaluation gain of €4.6 million

§ Sale of investment in English Canada for €37.0 million pre-tax in October

§ Launch in Colombia

§ Increase in readership by 8 percent

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 17 October 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.

DATE OF NEXT REPORT

Metro’s financial results for Q4 ended 31 December 2011 will be published on 2 February 2012. 

For further information please visit www.metro.lu or contact:

Per Mikael Jensen President and CEO Tel: +46 8 120 570 00
Anders Kronborg CFO Tel: +44 79 1254 0800

 
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ABOUT METRO INTERNATIONAL AND METRO

Metro is the largest international newspaper in the world. Metro is published in over 100 major cities in 22 countries across Europe, North & South America and Asia. Metro has a unique global reach – attracting a young, active, well-educated Metropolitan audience of over 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.

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