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Metro AG Furthers Eastern Europe expansion

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DÜSSELDORF, Germany (22 January) – In fiscal year 2000 the German retail giant Metro AG increased its total net sales by 7.1 percent to DEM 91.8 billion (US$43.7bn; EUR46.9bn), when compared with the previous year. Major sales growth was mainly in the company’s international businesses. Altogether Metro AG’s international sales grew by 15.2 percent to […]

DÜSSELDORF, Germany (22 January) – In fiscal year 2000 the German retail giant Metro AG increased its total net sales by 7.1 percent to DEM 91.8 billion (US$43.7bn; EUR46.9bn), when compared with the previous year. Major sales growth was mainly in the company’s international businesses. Altogether Metro AG’s international sales grew by 15.2 percent to a total of DEM 38.7 billion (US$18.4bn;EUR19.8bn), actually representing 42.1 percent of the group’s overall sales (39.2 % in 1999). Total sales in Germany increased 1.9 percent to a total of DEM 53 billion (US$25.2bn;EUR27.1bn). Metro AG, a bicycle-selling cash & carry giant, is represented in 20 European countries as well as Morocco and China. At the end of 2000 Metro AG maintained a total of 2,169 outlets. Compared to the previous year, the group’s international cash & carry business under the “Metro” and “Makro” names (337 outlets) showed a slight increase (DEM 38 billion in 1999 (US$18.1;EUR19.4bn)). Praktiker and Galeria Kaufhof (with their Sportarena” division) also sell bicycles and accessories as parts of Metro AG’s outlets.
Expansion plans in 2000 included several cash & carry outlets in Slovakia and Romania supported by operations in the Czech Republic. The Düsseldorf based mass merchant giant plans further operations and sales in these and other eastern European countries.(JB)

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