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METRO gROUP : ANNUAL REPORT 2011 → ConTenTs TAkinG A FAR-SiGHTeD VieW! THe mAGAzine → p. 001 letter to the shareholders → p. 019 What does shape 2012 produce? → p. 020 Management Board → p. 022 acknowledgement → p. 023 STRATeGy → p. 025 “The customer decides” Interview with the Chairman of the Management Board → p. 028 exemplary efficiency and value enhancement success stories → p. 030 The year in review → p. 032 You shop at our stores every day … Umbrella brand campaign → p. 044 strategic positioning of MeTRo GRoUp → p. 057 shape 2012 → p. 061 inVeSTmenT → p. 063 Metro shares → p. 067 BUSineSS → p. 069 Report of the supervisory Board → p. 078 Corporate governance report → p. 088 Group management report and the Management Board’s explanatory report on acquisition-relevant disclosures pursuant to § 315 section 4 HGB (German Commercial Code) → p. 176 Consolidated financial statements → p. 183 notes METRO GROUP AnnUAl REPORT 2011 → p. 287 statement of the legal representatives → p. 288 auditor’s report → p. 289 SeRViCe KEy FigUREs: please open – FRom PAGe 25 – CUSTomeR VAlUe AT meTRo GRoUP Merhaba Welcome to the land of mountain figs and good business Please oPen
METRO gROUP in figures 1 € million 2009 2 2010 2011 Key financial figures sales (net) 65,529 67,258 66,702 –0.8 Metro Cash & Carry 30,613 31,095 31,155 0.2 Real 11,298 11,499 11,230 –2.3 Media-saturn 19,693 20,794 20,604 –0.9 Galeria Kaufhof 3,539 3,584 3,450 –3.7 others 386 286 263 –7.8 eBITDa 3,0683 3,591 3,429 –4.5 eBITDa before special items4 3,3193 3,7265 3,6515 –2.0 eBIT 1,681 2,211 2,113 –4.4 eBIT before special items4 2,024 2,4155 2,3725 –1.8 Metro Cash & Carry4 936 1,1045 1,1485 4.0 Real4 52 1325 1345 1.2 Media-saturn4 608 6255 5425 –13.4 Galeria Kaufhof4 119 1385 1215 –12.5 Real estate4 551 6985 6435 –7.9 others4 –230 –2825 –1975 30.3 Consolidation –12 05 –195 – Financial result –631 –581 –640 –10.3 earnings before taxes 1,050 1,630 1,473 –9.6 earnings before taxes and special items4 1,393 1,8345 1,7325 –5.6 net profit for the period 519 936 741 –20.9 net profit for the period before special items4 824 1,139 979 –14.1 earnings per share € 1.17 2.60 1.93 –25.8 earnings per share before special items4, 6 € 2.10 3.12 2.63 –15.8 Dividend per ordinary share € 1.18 1.35 1.357 – Dividend per preference share € 1.298 1.485 1.4857 – Cash flow from operating activities 2,494 2,514 2,146 –14.6 Investments 1,517 1,683 2,095 24.4 Depreciation/amortisation 1,396 1,427 1,350 –5.4 equity 5,992 6,460 6,437 –0.4 equity ratio % 18.0 18.4 18.9 – net debt 3,724 3,478 4,075 17.2 employees (annual average headcount) 286,329 283,280 280,856 –0.9 locations 2,127 2,131 2,187 2.6 selling space (1,000 sqm) 12,629 12,771 12,954 1.4 1 only continuing operations (discontinued operations: 2009 adler) 2 adjustment due to revised disclosure in the financial year 2010 3 adjustment due to netting of non-scheduled write-downs and write-backs in eBITDa totalling €9 million (Real), €6 million (Real estate) and €–6 million (consolidation) in the financial year 2010 4 2009, 2010 and 2011 adjusted for special items from shape 2012 5 2011 (2010) adjusted for special items from shape 2012: €222 million (€135 million) was adjusted in eBITDa, with Metro Cash & Carry accounting for €111 million (€11 million), Real for €29 million (€11 million), Media-saturn for €42 million (€58 million), Galeria Kaufhof for €26 million (€–1 million), Real estate for €–14 million (€–14 million), the “others“ segment for €20 million (€41 million) and consolidation for €8 million (€29 million); €259 million (€204 million) was adjusted in eBIT and in earnings before taxes, with Metro Cash & Carry accounting for €111 million (€10 million), Real for €40 million (€27 million), Media-saturn for €49 million (€133 million), Galeria Kaufhof for €27 million (€0 million), Real estate for €4 million (€–20 million), the “others“ segment for €20 million (€41 million) and consolidation for €8 million (€13 million) 6 after non-controlling interests 7 subject to the resolution of the annual General Meeting Change in %
Page 1: 24/7 online - SHoPPinG! - inTeGRATe
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ASIA E F G H SALES EASTERN EUROPE (
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