Metro raises full-year outlook on rising inflation, strong business

Metro AG

06/07/2022 15:31

BERLIN, July 6 (Reuters) - Germany's Metro  B4B.DE  has
raised its full-year financial outlook, citing rising inflation
and better-than-expected business developments, it said on
Wednesday.
    After a stronger than-expected fiscal third quarter, the
company now expects sales growth of around 17%-22% for the full
year 2021-22 ending on Sept. 30 compared to the previous year,
up from its earlier estimate of 9%-15% growth.
    It sees its full-year adjusted earnings before interest,
tax, depreciation and amortisation (EBITDA) up by about 150
million to 230 million euros ($153-234 million) from the
previous year.
    Metro shares rose by up to 5.7% after the raised outlook. 
    
($1 = 0.9833 euros)

 (Writing by Madeline Chambers; Editing by Maria Sheahan)
 ((Madeline.Chambers@thomsonreuters.com; +4930220133578;))