Friday, November 1, 2013

Week of growth in European markets; Nokia in September +62%

The retail giant Metro, chic outlet shopping the operator of the Czech Macros, reduced full-year earnings, we expect growth in sales this year - Patria.cz
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Week of growth in European markets; Nokia in September +62%
Net profit of the German retail giant Metro last year fell by more than a fifth to 741 million euros. Operating chic outlet shopping profit excluding exceptional items last year fell by nearly 2 percent to 2.37 billion, in line with analysts' expectations (Reuters). Total company sales decreased slightly to 66.7 billion. chic outlet shopping The company warned that consumer demand for a number of European countries hit by the debt crisis, high unemployment chic outlet shopping and austerity chic outlet shopping measures, which reflected the full-year sales. "Macroeconomic chic outlet shopping conditions in many countries than in 2010 much worse," chic outlet shopping said Chief Executive Officer Olaf Koch. For the fourth quarter of the fiscal year, the company reported operating profit EBIT (excluding one-off items) 1.31 billion in line with expectations. Slightly chic outlet shopping below expectations of 19.7 billion fell revenues of 19.5 billion chic outlet shopping euros. Management of the Company proposed to pay a dividend of 1.35 euros / share (consensus 1.38 EUR / share). Shares chic outlet shopping of the company today at the start of trading lose about half a percent. Metro expects that this year will remain operating chic outlet shopping profit chic outlet shopping excluding exceptional items around last year's level despite revenue growth. The next year, the company counts revenue growth and profits thanks to the economic recovery. Metro is the fourth largest chic outlet shopping retail companies in the world, in the Czech Republic operates the Makro. Metro operates a total of roughly 2,200 stores in 33 countries and employs over 280,000 people. In Central and Eastern Europe has been operating since 1993 in the Czech Republic is represented since 1997. The division of Makro Cash & Carry ČR operates 13 wholesale centers and sales by one of the largest retail chains in the country.
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