Sales of Metro in Russia in the III quarter decreased by 2.7%
[ad_1]
Sales of the German Metro network in Russia in the III quarter of 2022-2023 financial year decreased by 2.7%, should from company reports.
At the end of the quarter, sales amounted to 557 million euros. It is noted that sales in national currency in Russia decreased by 10.8% over 9 months. The company explains this by a special operation and stock purchases, cyber attacks, as well as the high base effect, when sales grew in the spring of 2022 due to a surge in demand among Russians.
“Registered sales decreased by 21.1% due to the negative impact of the exchange rate and reached 0.6 billion euros,” the report says. Worldwide revenue was €7.6 billion (down 3.4%). The company explains this by the negative impact of exchange rates in Russia and Turkey, as well as the reduction of the portfolio.
July 18 Vedomosti with reference to the report of the company “Infoline-Analytics” wrotethat the average net profit margin of the largest retailers in 2022 decreased by 0.4 percentage points to 2.4% compared to 2021 – this indicator fell for the first time in four years. Among public companies, net profit margin worsened in X5 Group (by 0.2 p.p.), Magnit (by 1.4 p.p.), Lenta (by 1.8 p.p.), and Metro (by 2.5 p.p.). up to 3.9%).
[ad_2]
Source link
