Picture of Metro AG logo

B4B3 Metro AG News Story

0.000.00%
de flag iconLast trade - 00:00
Consumer DefensivesAdventurousMid CapTurnaround

German wholesaler Metro still active in Russia, Ukraine

BERLIN, March 2 (Reuters) - German wholesaler Metro  B4B.DE 
said on Wednesday it is still active in Russia and Ukraine and
its unit in Russia is paying salaries and suppliers via
international banks not affected by sanctions imposed since the
invasion of Ukraine.
    Metro feels responsible for its more than 10,000 employees
in Russia, a spokesperson said: "These people have no personal
responsibility for the aggression against Ukraine."
    Metro also said that 21 of its 26 stores in Ukraine are
open.
    Metro, which has 93 stores in Russia, saw sales in the
country rise 18% in the first quarter of its 2021/22 fiscal year
to 798 million euros ($884 million), more than 10% of its total.
($1 = 0.9029 euros)

 (Reporting by Emma Thomasson; Editing by Maria Sheahan)
 ((+4930220133580;))

Recent news on Metro AG

See all news