Metro warns for disappointing Q3 results
Metro International issued a warning today, before the detailed results for the 3rd quarter will be published on October 22: “Losses from operations in the third quarter are estimated at about USD 13 million, while non-recurring items will be approximately USD 5 million, relating to the departure of the former CEO and consultancy costs. As a result, Metro now expects an EBIT deficit in the third quarter of approximately USD 18 million compared to a loss of USD 9 million in the third quarter 2006.”