All sales channels and almost all segments contribute to sales growth
-
METRO continues growth trend in the first half of financial year 2024/25 through consistent implementation of sCore strategy:
- Sales in local currency grow by 5.3%; total sales by 4.1% to €15.6 billion
- All sales channels and almost all segments contribute to sales growth
- Adjusted EBITDA1 declines to €468 million(H1 2023/24: €484 million)
- Outlook for financial year 2024/25 confirmed
1 New definition of adjusted EBITDA and transformation costs from 1 October 2024(see Annual Report 2023/24), incl. prior-year adjustment.
METRO increased its sales in the first half of 2024/25 by 5.3% in local currency. Sales in the store-based business grew by 2.6% to €11.4 billionin local currency, delivery sales by 13.4% to €4.1 billionand METRO MARKETS' sales by 15.1% to €80 million, driven by the HoReCa business in particular. Compared to previous year, the shift of Easter to April and thus to the second half of the financial year and the additional day in February 2024 had a negative effect. Nevertheless, sales in local currency increased significantly in the segment East (11.0% growth) and in Russia (7.3% growth). In Germany, sales declined slightly by 0.5%, while sales in the segment West rose by 2.8%, with positive developments particularly in Spain, Italy and among the delivery specialists. Sales in the segment Others grew by 6.4% and includes the sales of METRO MARKETSand the sales of DISH Digital Solutions in particular, amounting to €26 million(H1 2023/24: €21 million).
In Q2 2024/25, sales in local currency increased by 3.4%, with all sales channels contributing. Reported total sales rose by 2.3% to €7.1 billion. In addition, due to the shift in Easter, April shows sales growth of more than 11% and significantly improved adjusted EBITDA compared to the previous year.
'The positive sales development in the first half of 2024/25 underscores the successful implementation of our growth strategy. Despite the still difficult environment and seasonal effects, all our sales channels and almost all segments grew - and we are seeing a strong start to the third quarter. Also, our strategic key performance indicators continue to develop positively - whether delivery sales, digital sales or the own brand sales share, driven primarily by our core target group, the hospitality sector. The delisting of METRO AG, combined with the clear commitment of our shareholders, creates the opportunity to pursue our strategy even more consistently in the future. We will focus even more strongly on improving profitability, for which we launched a comprehensive cost leadership programme at the end of last year,' says Dr Steffen Greubel, CEO of METRO AG.
Adjusted EBITDA declined to €468 millionin H1 2024/25(H1 2023/24: €484 million). Adjusted for currency effects, adjusted EBITDA declined slightly by €6 millioncompared with the same period of the previous year. In Germany, adjusted EBITDA declined from €53 millionto €29 milliondue to cost inflation and price investments. In the segment West, adjusted EBITDA also declined due to cost inflation. In the segments East and Russia, adjusted EBITDA rose in local currency due to revenue growth, while cost savings in IT had an impact in the segment Other.
Contributions to earnings from real estate transactions amounted to €98 million(H1 2023/24: €30 million) and were mainly attributable to real estate transactions in Belgium in Q2 2024/25. The previous year's figure mainly included two real estate transactions in Turkiye. Transformation costs of €28 million(H1 2023/24: €5 milliontransformation income) were incurred. Overall, EBITDA reached €537 million(H1 2023/24: €519 million).
In Q2 2024/25, adjusted EBITDA declined to €56 million(Q2 2023/24: €77 million). Adjusted for currency effects, adjusted EBITDA declined by €20 millioncompared with the same period of the previous year.
As of 31 March 2025, the store network comprised 623 locations, including 523 out-of-store (OoS) locations and 94 depots.
Key sales figures H1 2024/25| METRO | Sales (€ million) | Change (€) | Currency effects | Change (local currency) | ||||
| H1 2023/24 | H1 2024/25 | H1 2023/24 | H1 2024/25 | H1 2023/24 | H1 2024/25 | H1 2023/24 | H1 2024/25 | |
|
Total | 15,013 | 15,631 | 0.1% | 4.1% | -5.0% | -1.2% | 5.1% | 5.3% |
of which store-based and other business
| 11,286 | 11,442 | -3.5% | 1.4% | -5.0% | -1.2% | 1.6% | 2.6% |
of which delivery
| 3,657 | 4,109 | 12.0% | 12.4% | -5.0% | -1.1% | 16.9% | 13.4% |
of which METRO MARKETS
| 70 | 80 | 52.8% | 15.1% | 0.0% | 0.0% | 52.8% | 15.1% |
| Segments | ||||||||
|
Germany | 2,489 | 2,478 | 2.8% | -0.5% | 0.0% | 0.0% | 2.8% | -0.5% |
| West | 6,176 | 6,348 | 4.1% | 2.8% | 0.0% | 0.0% | 4.1% | 2.8% |
| Russia | 1,229 | 1,277 | -15.8% | 3.9% | -32.7% | -3.4% | 16.9% | 7.3% |
| East | 4,999 | 5,402 | -1.9% | 8.0% | -6.4% | -2.9% | 4.5% | 11.0% |
| Other | 119 | 126 | 21.5% | 6.4% | 0.0% | 0.0% | 21.5% | 6.4% |
Key sales figures Q2 2024/25
| METRO | Sales (€ million) | Change (€) | Currency effects | Change (local currency) | ||||
| Q2 2023/24 | Q2 2024/25 | Q2 2023/24 | Q2 2024/25 | Q2 2023/24 | Q2 2024/25 | Q2 2023/24 | Q2 2024/25 | |
|
Total | 6,898 | 7,059 | 0.0% | 2.3% | -3.9% | -1.1% | 3.9% | 3.4% |
of which store-based and other business
| 5,077 | 5,043 | -3.1% | -0.7% | -3.9% | -1.2% | 0.8% | 0.5% |
of which delivery
| 1,786 | 1,976 | 9.3% | 10.6% | -3.8% | -0.9% | 13.1% | 11.6% |
of which METRO MARKETS
| 35 | 40 | 45.1% | 13.2% | 0.0% | 0.0% | 45.1% | 13.2% |
| Segments | ||||||||
|
Germany | 1,100 | 1,067 | 2.0% | -3.0% | 0.0% | 0.0% | 2.0% | -3.0% |
| West | 2,837 | 2,855 | 2.5% | 0.6% | 0.0% | 0.0% | 2.4% | 0.6% |
| Russia | 545 | 583 | -4.6% | 7.0% | -18.0% | 1.1% | 13.4% | 6.0% |
| East | 2,355 | 2,490 | -3.1% | 5.7% | -7.3% | -3.6% | 4.1% | 9.3% |
| Other | 60 | 63 | 27.4% | 4.5% | 0.0% | 0.0% | 27.4% | 4.5% |
Key earnings figures H1 2024/25
| METRO | Adjusted EBITDA1 | Transformation costs (+), or transformation gains (-)1 |
Earnings contributions (+) from real estate transactions | EBITDA | |||||
€ million |
H1 2023/24 | H1 2024/25 |
Change (€) |
H1 2023/24 | H1 2024/25 |
H1 2023/24 | H1 2024/25 |
H1 2023/24 | H1 2024/25 |
| Total | 484 | 468 | -17 | -5 | 28 | 30 | 98 | 519 | 537 |
| Germany | 53 | 29 | -25 | 0 | 13 | 0 | 0 | 53 | 15 |
| West | 248 | 235 | -13 | 0 | 3 | 1 | 0 | 249 | 231 |
| Russia | 62 | 71 | 9 | 0 | 0 | 0 | 0 | 62 | 71 |
| East | 195 | 192 | -3 | 0 | 1 | 0 | 0 | 195 | 191 |
| Other | -74 | -55 | 19 | -5 | 10 | 29 | 98 | -41 | 33 |
| Consolidation | 0 | -4 | -4 | 0 | 0 | 0 | 0 | 0 | -4 |
1 New definition of adjusted EBITDA and transformation costs from 1 October 2024 (see Annual Report 2023/24), incl. prior-year adjustment.
Key earnings figures Q2 2024/25
| METRO | Adjusted EBITDA1 | Transformation costs (+), or transformation gains (-)1 |
Earnings contributions (+) from real estate transactions | EBITDA | |||||
€ million |
Q2 2023/24 | Q2 2024/25 |
Change (€) |
Q2 2023/24 | Q2 2024/25 |
Q2 2023/24 | Q2 2024/25 |
Q2 2023/24 | Q2 2024/25 |
| Total | 77 | 56 | -22 | -4 | 23 | 2 | 97 | 84 | 130 |
| Germany | -12 | -30 | -18 | 0 | 13 | 0 | 0 | -12 | -44 |
| West | 69 | 49 | -20 | 0 | 2 | 0 | 0 | 69 | 46 |
| Russia | 18 | 19 | 1 | 0 | 0 | 0 | 0 | 18 | 19 |
| East | 55 | 45 | -10 | 0 | 1 | 0 | 0 | 55 | 43 |
| Other | -52 | -26 | 26 | -4 | 6 | 2 | 97 | -46 | 65 |
| Consolidation | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
1 New definition of adjusted EBITDA and transformation costs from 1 October 2024 (see Annual Report 2023/24), incl. prior-year adjustment.
METRO is a leading international food wholesaler which specialises in serving the needs of hotels, restaurants, and caterers (HoReCa) as well as independent resellers (Traders). Around the world, METRO has approx. 15 millioncustomers who benefit from the wholesale company's unique multichannel mix: customers can purchase their goods in one of the large stores in their area as well as by delivery (Food Service Distribution, FSD) - all digitally supported and connected. In parallel, METRO MARKETSis being developed as an international online marketplace for the needs of professional customers which has been growing and expanding continuously since 2019. Acting sustainably is one of the company principles of METRO which has been listed in various sustainability indices and rankings, including MSCI, Sustainalytics and CDP. METRO operates in more than 30 countriesand employs over 85,000 peopleworldwide. In financial year 2023/24, METRO generated sales of €31 billion.
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Successful Q1 creates a good starting position for achieving ambitions in the financial year 2024/25
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Our ambition: METRO is a leader in the food wholesale and distribution sector. We intend to further build on our success alongside our professional HoReCa and Trader customers.
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Metro AG published this content on May 15, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 15, 2025 at 16:32 UTC.
