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Germany’s Metro Consolidates as Russian Business Improves

28 Oct 2019

• 28 Oct 10:48

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German wholesale groupMetrohas achieved its sales targets in the 2018-2019 fiscal year with a total turnover of $33.3 billion, the company announced on Thursday,accordingto Finanzmag.com. Metro’s business in Russia has improved compared to the previous year but the market environment remained “nevertheless challenging” as turnover in Russia still declined by 4.3 percent in 2018-2019. Eastern Europe excluding Russia as well as Asia, where turnover increased by 6.3 percent and 5.1 percent respectively, would remain the “main growth drivers” for Metro, said the company’s CEO Olaf Koch. Turnover in Western Europe excluding. Read more...