- Language: English
- Published: October 2012
- Region: Germany
Summary: Metro AG Dec 06
- Published: December 2006
- Standard & Poors
The ratings on Germany-based diversified retailer Metro AG reflect its strong positions in cash-and-carry (C&C) across Europe and its leading positions in consumer electronics retailing in Europe. These positive factors are offset by Metro's substantial exposure to the competitive German retail market and its intermediate financial risk profile. At Sept. 30, 2006, Metro had reported financial debt of €9 billion ($11.5 billion). With group sales of €41.5 billion for the first nine months of 2006, Metro continues to be Germany's leading retailer, with interests both in food and nonfood. The group's two growth drivers C&C and consumer electronics (Media Markt and Saturn), which accounted for 88% of consolidated EBIT in 2005, continued to report satisfactory like-for-like sales growth rates of...
Companies mentioned in this report are:
- Metro AG
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