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Metro denies rumours about exit from Belgium and India

Metro has shared its vision for the future: the German group aims for growth via wholesale and e-commerce. An exit from Belgium and India is not yet certain

Metro expects rapid recovery of the hospitality industry

Metro. Over the past six months, turnover decreased another 11.5 per cent. Still, the Makro-owner has a positive feeling regarding the situation.   Worse than last year The past second quarter was again a negative one for German wholesaler Metro: sales fell by 11.9 per cent to 5.1 billion euros. Especially in Western Europe, there was a significant decline of 21.5 per cent, mainly as the hospitality industry was still closed due to the coronavirus pandemic. This is what the new CEO Steffen Greubel, who took office on 1 May, states.   In the German home market, sales fell by 6.9 per cent, while in Russia, there was a striking growth of 4.0 per cent based on local exchange rates. In Eastern Europe, sales in local currency fell by 5.2 per cent, although Ukraine, Romania and Turkey developed positively. Sales in Asia were also down by 3.1 per cent.

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