€19 million profit for Metro in 2011

Screen shot 2012-04-07 at 8.39.14 PMMetro International’s profit increased from €12m in 2010 to €19m in 2011 according to the 2011 annual report of the company.

Sweden with €13.9m (19% EBIT margin), Russia with €3.8m (34% EBIT margin), Mexico with €3.4m (23% EBIT) and Chile (without SubTV) €1.2m EBIT margin) performed very well.

Hong Kong had a EBIT margin of 10% but this was less than in 2010 (17%).

Denmark showed a profit of €1.9m (7% EBIT margin), the Netherlands a small profit of €450,000 (2% EBIT margin).

Headquarter costs were €21.4m in 2011.

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