Asian countries records double-digit growth at METRO Q3
30 Oct '07
3 min read
Changes in German tax legislation, especially the corporate tax reform 2008, resulted in extraordinary, additional, non-cash effective tax expense of € 160 million.
As a consequence, the earnings per share from continuing operations came in at € -0.20. Adjusted for this special fiscal effect, the earnings per share in the Third Quarter came in at € 0.29 following € 0.25 during the same period one year earlier. At the close of September, the METRO Group operated a total network of 2,401 locations.
Metro Cash & Carry continued the positive trend of the first half of 2007 and raised its sales by 6.3 percent to € 7.8 billion during the Third Quarter. The international share in total sales increased to 82.6 percent.
The sales division recorded particularly high sales growth in Eastern Europe and Asia. In Eastern Europe, sales went up 16.9 percent during the Third Quarter.
The high-revenue countries Russia, the Ukraine and Turkey again contributed above-average growth rates. Also Asia and Africa saw sales grow by 17.6 percent. All Asian countries recorded double-digit growth rates.
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