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Düsseldorf (dpa) - The wholesale group Metro is lowering its fiscal year targets in view of the extended lockdowns in the corona pandemic.
Because the governments are restricting public life in many target markets, fewer sales and operating profit can be expected in the current 2020/21 financial year, the SDax Group announced on Tuesday evening.
In the six months to March, according to preliminary figures, total sales decreased by 11.5 percent after adjusting for currency effects.
Metro now expects a decline in like-for-like sales and total sales by three to six percent in the twelve months to September 2021 compared to the same period of the previous year.
So far, sales were expected to be slightly below the previous year's level of just under 26 billion euros.
With adjusted earnings before interest, taxes, depreciation and amortization (Ebitda), Metro now expects a decline of 50 to 175 million euros, after a decline in earnings in the mid double-digit million euro range had previously been forecast.
In the 2019/20 financial year, the Ebitda was 1.11 billion euros.
Metro AG wants to present its detailed figures on May 4th.
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© dpa-infocom, dpa: 210420-99-283930 / 2