METRO AG Q2 2023/24
RESULTS PRESENTATION
8 May 2024
WITH YOU TODAY
DR STEFFEN GREUBEL
CHIEF EXECUTIVE OFFICER
ERIC RIEGGER
CHIEF FINANCIAL OFFICER
2 | 8 May 2024 | © METRO AG. | Q2 results 23/24 |
SCORE DRIVES FURTHER GROWTH
VOLUME-DRIVENGROWTH DURING DECREASE OF INFLATION
STRATEGY IMPLEMENTATION FULLY IN LINE WITH PLAN
FINANCIALS: SALES GROWTH, SEASONAL EFFECTS IN BOTTOM LINE
FY GUIDANCE AND AMBITIONS CONFIRMED
France, Nice, October 2022
3 | 8 May 2024 | © METRO AG. | Q2 results 23/24 |
INFLATION1 DECREASES, OUR VOLUME GROWS
Monthly development vs. PY2
In %
25
20
15
10
5
0
-5
-10
-15
ACT Inflation1 | ACT Inf. adj. growth | |
FY 22/23 | FY 23/24 |
- Internal inflation decreases, deflationary trends in some areas
- sCore drives volume growth
Czech Republik, October 2023
1 Total inflation NSP based on country level adjusted for comparable articles (articles with at least 30% of current sales in PY). 2 Sum of countries, portfolio-adjusted (without JP, MY, BE, IN), without hyperinflation effect TR.
4 | 8 May 2024 | © METRO AG. | Q2 results 23/24 |
OPERATING BUSINESS DEVELOPS WELL
Sales growth1 | Adj. EBITDA |
(reported vs. PY in %) | (abs. in € m) |
500 | 404 | ||||||||||
8 | |||||||||||
6 | |||||||||||
6 | 300 | ||||||||||
4 | |||||||||||
4 | |||||||||||
2 | 100 | 73 | |||||||||
Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 |
FY 22/23 | FY 23/24 | FY 22/23 | FY 23/24 |
1 At constant currency
5 | 8 May 2024 | © METRO AG. | Q2 results 23/24 |
MULTICHANNEL GROWTH IN LINE WITH SCORE
Growth stores: +4% sales1
Growth FSD:
+18% sales1
+7%1
Roll-out METRO MARKETS: +45% sales1
DISH:
+~8 k new subscribers2
1 Figures Q2 23/24 FY vs Q2 PY (at constant currency, portfolio adj). 2 In Q2 23/24 selective FY
6 | 8 May 2024 | © METRO AG. | Q2 results 23/24 |
INFRASTRUCTURE TRANSFORMATION ON TRACK
SALES FORCE:
+>470 (March vs. Sept)
TRANSFORMATION PROJECTS: +81 incl. 5 depots
GERMANY
Magdeburg
WEST | EAST |
Paris Savigny | |
(depot) | 3 new depots |
Almaty (depot) |
2 OoS projects: Nis, Novi Sad
1 Selective Q2 2023/24
7 | 8 May 2024 | © METRO AG. | Q2 results 23/24 |
FSD AND DIGITAL MAKE FURTHER PROGRESS
FSD sales share (%) | Digital sales share (%) |
24 | |||||
22 | |||||
20 3M | 6M | 9M | 12M | 3M | 6M |
FY 22/23 | FY 23/24 |
Advanced countries
15 | ||||||
10 | ||||||
5 | 3M | 6M | 9M | 12M | 3M | 6M |
FY 22/23 | FY 23/24 |
8 | 8 May 2024 | © METRO AG. | Q2 results 23/24 |
STRATEGIC INITIATIVES FULLY IN FOCUS
Own Brand | Strategic customers |
sales share (%) | sales share (%) |
23 | |||||
22 | |||||
21 | |||||
20 3M | 6M | 9M | 12M | 3M | 6M |
FY 22/23 | FY 23/24 |
75 | |||||
70 | |||||
65 3M | 6M | 9M | 12M | 3M | 6M |
FY 22/23 | FY 23/24 |
Advanced countries
9 | 8 May 2024 | © METRO AG. | Q2 results 23/24 |
WHOLESALE TRANSFORMATION DRIVES GROWTH
STORE | MULTICHANNEL | VOLUME | ||
REPOSITIONING | ADVANTAGES | GROWTH | ||
10 | 8 May 2024 | © METRO AG. | Q2 results 23/24 |
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Metro AG published this content on 08 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 May 2024 06:40:08 UTC.
