In the first three months of 2020 the Metro network was able to restore growth after a long fall sales. The company’s turnover in euros increased by 11.3% to €637 million impact On the dynamics of internal improvements, cooperation with the service for the delivery of products, “Carmarket” and rising demand due to pandemic COVID-19. But the next period for Metro in Russia will be difficult: many clients from the areas catering closed and the downtime may be delayed.Metro AG published its results for the second quarter of the fiscal year (January—March 2020). Comparable sales (LFL) of the company in all countries increased by 2.3%. Russia has become the second market in terms of LFL growth (9.8 per cent) after Eastern Europe (11.2 percent), ahead of Germany (4.8 per cent). So, sales of Metro in Russia in the euros for the first quarter of this year increased by 11.3% to €637 million In the first half of the financial year, the turnover grew by 6.2%, to €1.45 billion For comparison: a year earlier, the figures fell by 8.3% and 10.4%, respectively. Metro’s EBITDA in the Russian Federation for the second quarter increased to EUR by 3%, to €37 million in the first half of the fiscal year by 8% to €124 million Positive dynamics on the Russian market Metro “largely” explains the adopted strategic measures. In addition, he said work on the intensive development of Internet Commerce, he adds. Positive influence was also exerted by the growth of demand and frequency of purchases by final consumers in pandemic COVID-19, according to the statements.The General Director of “Infoline-Analytics” Michael Burmistrov says that Metro was able to restore growth in Russia after a fairly long period of falling sales. The network has been actively implementing services for B2B, made a more competitive price proposal, the important role played by the partnership with the “Carmarket” service (grocery shopping), he enumerates. According to mister Burmistrova, the turnover of “Spermaceti” in the first quarter grew five times, including in the regions, and Metro became the main beneficiary of this expansion.In addition, Metro is no longer the exclusive partner of “Spermaceti” in some cities, the service has agreed to cooperate with the “Tape”, he recalls.Anatoly Kostyriv
