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Metro Group
Type Public (FWB: MEO)
Founded 1964; Metro AG formed in 1996
Headquarters Düsseldorf, Germany
Key people Eckhard Cordes (CEO and Chairman of the executive board), Franz Haniel (Chairman of the supervisory board), Thomas Unger (CFO)
Industry Retail
Services Supermarkets, hypermarkets, consumer electronics and appliance retail, department stores
Revenue 67.96 billion (2008)[1]
Operating income €2.225 billion (2008)[1]
Profit €403 million (2008)[1]
Employees 290,940 (2008)[1]
Divisions Metro Cash and Carry, Real, Media Markt, Saturn, Galeria Kaufhof
Website www.metrogroup.de

Metro AG (FWB: MEO) is a diversified retail and wholesale/cash and carry group based in Germany. It has the largest market share in its home market, and is one of the most globalised retail and wholesale corporations. It is the 5th [2] largest retailer in the world. In English it often refers to itself as Metro Group. It was established in 1964 by Otto Beisheim.

Contents

Scale

According to a 2008 report by Deloitte Touche Tohmatsu, Metro is Europe's third largest retailer, after Tesco of the UK and Carrefour of France.[2]

If Metro's cash and carry operations, which are its largest division, are not counted as retail, it also ranks behind Tesco, and possibly a few other European retailers. The cash and carry division's page on the company's official English language website states that the company is the, "World market leader in the wholesale business", implicitly excluding the cash and carry division from the retail sector.

Sales divisions

The company operates the following sales divisions:

  • Metro and Makro Cash and Carry (Makro stores in the United Kingdom and elsewhere in Europe were acquired from SHV in 1998): This division accounts for nearly half of group sales as of 2004, and is by far the most internationalised division, with stores in almost every country in which the group operates.
  • Real: A hypermarket operator. 265 stores in Germany and 34 elsewhere as of early 2005.
  • Media Markt and Saturn: Media Markt is a consumer electronics company with stores in Germany and several other European countries. Saturn is an electronic media chain, also with stores in Germany and some other European countries.
  • Galeria Kaufhof: A department store chain with locations in Germany and Belgium ("Inno").

Its German business units for a while had an image problem related to the sales of tainted meat, or past-sale date meat. As of 2007 it has added the former Wal-Mart Germany stores to the Real chain.

International presence

Metro Group around the world

As of 1 Jan 2007, the Metro Group operated stores in the following countries:

Europe

Asia

Africa

Canada's Metro Inc. is not affiliated.

Financial performance

In the 2003 calendar year, Metro Group had sales of €53,965 million. Profit before tax was €817 million, and group net profit was €496 million. In the early years of the 21st century, Metro has had a lower growth rate than many of its global competitors. This is partly due to the weakness of the German economy.

Future plans

The Metro group is looking towards expansion in Asia and Europe. The Metro group has announced plans to expand its operations in Algeria, Pakistan, Sweden, Bosnia and Herzegovina and Egypt. The Metro Group may also be commissioned by the German government to expand operations into Afghanistan's economically stable north, the region patrolled by German ISAF forces.

They also split off and floated their *Praktiker division in December 2006, a DIY/home improvement chain with stores in several countries.

In June 2009 it was reported that the company was looking to purchase some of the assets of Arcandor, after the firm filed for bankruptcy.[3]

See also

References

  1. ^ a b c d "Annual Report 2008" (PDF). Metro AG. http://www.metrogroup.de/multimedia/microsite/Geschaeftsbericht-2008/pdf/GB2008-en.pdf. Retrieved 2009-06-11.  
  2. ^ a b "2008 Global Powers of Retail report". Deloitte. http://www.deloitte.com/dtt/press_release/0,1014,cid%253D196099,00.html. Retrieved 2008-03-10.  
  3. ^ Metro seeks takeover of Arcandor BBC News. 10 June 2009

External links

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