Metro Q1 results

Metro International succeeded in bringing down the net losses of the publisher from €15,3m in Q1 2009 to €5,8m this year. Also the net revenues went down (from €55.6m to €48.8 in 2010) although the like-for-like revenues (excluding closed, divested and acquired operations – Portugal, USA, Spain, Italy) improved from €44.6m to €47.2m.

Results improved in all subsidiaries except Greece, with Sweden and Hong Kong standing out. With the exception of Czech Republic, Metro’s associated companies all increased sales.

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