Duyuru • Apr 17
Metro AG(XTRA:B4B) dropped from Germany SDAX (Total Return) Index Metro AG (St) has been dropped from the Germany Small DAX (Total Return) Index. Duyuru • Feb 06
EP Global Commerce GmbH signed an agreement to acquire remaining 50.01% stake in Metro AG (XTRA:B4B) from BC Equities GmbH & Co. KG, Beisheim Holding GmbH, Palatin Verwaltungsgesellschaft Mbh and others for approximately €960 million. EP Global Commerce GmbH signed an agreement to acquire remaining 50.01% stake in Metro AG (XTRA:B4B) from BC Equities GmbH & Co. KG, Beisheim Holding GmbH, Palatin Verwaltungsgesellschaft Mbh and others for approximately €960 million on February 5, 2025. As part of consideration, cash offer price of €5.33 per equity share and €5.33 per Preference Share will be paid by EP Global Commerce GmbH. Upon completion, EP Global Commerce GmbH will own 100% stake in Metro AG. The Delisting Agreement obliges EPGC to make a public tender offer for all outstanding shares of METRO AG and METRO AG’s Management Board to file an application for the revocation of the admission of the METRO AG’s shares to trading on the regulated market (Prime Standard) of the Frankfurt Stock Exchange during the acceptance period of the Delisting Offer. METRO's other anchor shareholders, BC Equities GmbH & Co. KG and Beisheim Holding GmbH as well as Palatin Verwaltungsgesellschaft mbH, understand EPGC’s request for the Delisting and have entered into a non-tender agreement with EPGC, according to which they will not tender their shares in METRO into the Delisting Offer. Together, they represent approx. 24.99% of METRO’s share capital and voting rights attached to METRO shares.
The Delisting Offer will not be subject to any closing conditions and will not include a minimum acceptance threshold. It will be made pursuant to the terms and conditions set forth in the offer document to be approved by the German Federal Financial Supervisory Authority (BaFin). Following approval by BaFin, the offer document will be published in accordance with the German Securities Acquisition and Takeover Act and the acceptance period for the Delisting Offer will commence. Both is expected to take place in March. The delisting from the regulated market will also terminate some of the comprehensive financial reporting obligations and capital market publication requirements of METRO. METRO’s Management supports the delisting. Duyuru • Jan 09
Metro AG, Annual General Meeting, Feb 19, 2025 Metro AG, Annual General Meeting, Feb 19, 2025, at 10:00 W. Europe Standard Time. Duyuru • Oct 09
Metro AG to Report Q1, 2025 Results on Feb 05, 2025 Metro AG announced that they will report Q1, 2025 results on Feb 05, 2025 Duyuru • Aug 30
Metro AG (XTRA:B4B) acquired Caterite Food and Wineservice Limited from Keith Anthony Graham. Metro AG (XTRA:B4B) acquired Caterite Food and Wineservice Limited from Keith Anthony Graham on August 28, 2024. Caterite generated revenues of £44 million in 2023.
Metro AG (XTRA:B4B) completed the acquisition of Caterite Food and Wineservice Limited from Keith Anthony Graham on August 28, 2024. New Risk • Apr 15
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 424% Dividend yield: 11% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks High level of debt (125% net debt to equity). Dividend is not well covered by earnings (424% payout ratio). Large one-off items impacting financial results. Duyuru • Mar 07
Daniel Kretínský and Patrik Tkác acquired additional 8.99% stake in Metro AG (XTRA:B4B). Daniel Kretínský and Patrik Tkác acquired additional 8.99% stake in Metro AG (XTRA:B4B) on March 1, 2024.Daniel Kretínský and Patrik Tkác completed the acquisition of additional 8.99% stake in Metro AG (XTRA:B4B) on March 1, 2024. Duyuru • Sep 18
Metro AG(XTRA:B4B) dropped from FTSE All-World Index (USD) Metro AG(XTRA:B4B) dropped from FTSE All-World Index (USD) Duyuru • Aug 24
Metro Ag Announces CFO Changes As of 30 September 2023 Mr. Christian Baier departs from Metro AG, where he has been appointed as Chief Financial Officer. Reported Earnings • Aug 13
Third quarter 2023 earnings released: EPS: €0.48 (vs €0.80 loss in 3Q 2022) Third quarter 2023 results: EPS: €0.48 (up from €0.80 loss in 3Q 2022). Revenue: €7.64b (down 3.4% from 3Q 2022). Net income: €174.0m (up €464.0m from 3Q 2022). Profit margin: 2.3% (up from net loss in 3Q 2022). The move to profitability was driven by lower expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Duyuru • Jun 17
Metro Ag Announces Resignation of Christian Baier as Chief Financial Officer, Effective September 30, 2023 Metro AG reached an agreement with CFO Christian Baier, underwhich he will leave the firm as of September 30, 2023 to pursue other professional opportunities. The company has initiated a search process for the position of Chief Financial Officer. Baier has been with METRO since 2011. He held various management positions, including Group Director Strategy, Business Innovation and M&A as well as Chief Financial Officer of METRO Cash & Carry. Duyuru • May 28
Metro AG to Report Fiscal Year 2023 Final Results on Dec 13, 2023 Metro AG announced that they will report fiscal year 2023 final results at 6:30 PM, Central European Standard Time on Dec 13, 2023 Duyuru • May 12
Reliance Retail Ventures Limited completed the acquisition of METRO Cash and Carry India Private Limited from Metro AG (XTRA:B4B). Reliance Retail Ventures Limited agreed to acquire METRO Cash and Carry India Private Limited from Metro AG (XTRA:B4B) for INR 28.5 billion on December 22, 2022. As of financial year, ended September 2022, Metro India generated sales of INR 77 billion. The transaction is subject to certain regulatory and other customary closing conditions. The deal is expected to complete by March 2023. Goldman Sachs Europe Se acted as financial advisor to Metro AG. J.P. Morgan Securities acted as financial advisor to METRO Cash and Carry India Private Limited. Zia Mody, Aditya Vikram Bhat and Bhuvana Veeraragavan of AZB & Partners acted as legal advisors to METRO Cash and Carry India Private Limited. Sullivan & Cromwell LLP represents J.P. Morgan as financial adviser to METRO AG. As of February 22, 2023. Reliance Retail is expected to retain the staff of METRO after the acquisition. As of March 14, 2023, Competition Commission of India approved the acquisition.
Shishir Vayttaden, K Aishwarya, Surbhi Ajitsaria, Viswanathan, Arun Prabhu, Anirban Mohapatra, Arpita Sengupta, Gyanendra Kumar, Shreya Som, Soumya Dasgupta, Avaantika Kakkar, Abhishek Sharma, Kirthi Srinivas, Ashish Jain, Abhilash Pillai, Karan Sharma,Urjita Chitnis, Ritha Ulbyre, Richa Mohanty and Mansi Mantoo of Cyril Amarchand Mangaldas acted as legal advisor to Reliance Retail Ventures Limited.
Reliance Retail Ventures Limited completed the acquisition of METRO Cash and Carry India Private Limited from Metro AG (XTRA:B4B) on May 11, 2023. Duyuru • May 05
Metro AG (XTRA:B4B) entered into an agreement to acquire JOHBECO Group for approximately €100 million. Metro AG (XTRA:B4B) entered into an agreement to acquire JOHBECO Group for approximately €100 million on May 4, 2023. The closing of the transaction is expected to occur mid of May 2023. Duyuru • Jan 07
Metro AG, Annual General Meeting, Feb 24, 2023 Metro AG, Annual General Meeting, Feb 24, 2023, at 10:00 Central European Standard Time. Duyuru • Dec 17
Metro AG to Report Q3, 2023 Results on Aug 10, 2023 Metro AG announced that they will report Q3, 2023 results at 6:30 PM, Central European Standard Time on Aug 10, 2023 Reported Earnings • Aug 13
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: €7.91b (up 27% from 3Q 2021). Net loss: €290.0m (down €353.0m from profit in 3Q 2021). Over the next year, revenue is forecast to grow 1.1%, compared to a 6.1% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment deteriorated over the past week After last week's 19% share price decline to €6.69, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 12x in the Consumer Retailing industry in the United Kingdom. Total loss to shareholders of 47% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.93 per share. Reported Earnings • Aug 04
Third quarter 2021 earnings released: EPS €0.17 (vs €0.39 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €6.25b (up 12% from 3Q 2020). Net income: €63.0m (up €203.0m from 3Q 2020). Profit margin: 1.0% (up from net loss in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Reported Earnings • May 07
Second quarter 2021 earnings released: €0.36 loss per share (vs €0.32 loss in 2Q 2020) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: €5.05b (down 16% from 2Q 2020). Net loss: €131.0m (loss widened 13% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 18
New 90-day high: €10.32 The company is up 28% from its price of €8.03 on 20 November 2020. The British market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €30.26 per share. Reported Earnings • Feb 18
First quarter 2021 earnings released: EPS €0.27 (vs €0.32 in 1Q 2020) The company reported a poor first quarter result with weaker earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: €6.34b (down 16% from 1Q 2020). Net income: €99.0m (down 19% from 1Q 2020). Profit margin: 1.6% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 18
Revenue misses expectations Revenue missed analyst estimates by 0.05%. Over the next year, revenue is forecast to grow 2.1% compared to a 1.5% decline forecast for the Consumer Retailing industry in the United Kingdom. Is New 90 Day High Low • Jan 15
New 90-day high: €10.14 The company is up 20% from its price of €8.48 on 16 October 2020. The British market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.58 per share. Analyst Estimate Surprise Post Earnings • Dec 25
Revenue misses expectations Revenue missed analyst estimates by 0.1%. Over the next year, revenue is forecast to grow 1.2% compared to a 1.5% decline forecast for the Consumer Retailing industry in the United Kingdom. Is New 90 Day High Low • Dec 23
New 90-day high: €8.83 The company is up 4.0% from its price of €8.50 on 24 September 2020. The British market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Retailing industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.86 per share. Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment improved over the past week After last week's 15% share price gain to €8.58, the stock is trading at a trailing P/E ratio of 47.6x, up from the previous P/E ratio of 41.4x. This compares to an average P/E of 22x in the Consumer Retailing industry in the United Kingdom. Total return to shareholders over the past three years is a loss of 40%. Is New 90 Day High Low • Dec 02
New 90-day low: €7.56 The company is down 9.0% from its price of €8.30 on 03 September 2020. The British market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.10 per share. 
