The wholesale group Metro is benefiting from increased inflation and better business with hotels and restaurants.
In the third quarter (as of the end of June), sales rose by 26.6 percent year-on-year to 7.9 billion euros, as the company announced on Wednesday evening in Düsseldorf.
The delivery business once again achieved robust growth.
The operating result adjusted for special effects (Ebitda) increased from 310 to 441 million euros.
Meanwhile, the war in Ukraine and the sanctions against Russia continue to cost the Metro group dearly.
The increased exchange rate of the Russian ruble weighed heavily on the financial result.
The sale of the Belgian business also had a negative effect.
The bottom line is that Metro posted a loss of 290 million euros, after a profit of 63 million euros a year earlier.
Metro put the burdens from Russia and the Belgium sale at more than 400 million euros.
The group confirmed the forecast, which was increased for the second time at the beginning of July.