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International expansion continued successfully
METRO Cash
& Carry with record earnings
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Distinct EBIT growth by 11.9 percent to � 1.243 bn.
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Portfolio extended to 29 countries and 615 cash & carry stores
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37 cash & carry stores in Metro China
Metro Cash & Carry China in 2007
Revenues (Net): 9.52 billion RMB
Growth rate: 18.5% (compare with fiscal year 2006)
Stores: 37
Employees: over 8,300
“The sales of Metro Cash & Carry China in 2007 grew by 18.5% to
9.52 billion RMB. 4 stores were opened in 2007 which brought the store
number up to 37 all over China. The employee number reached more than
8300 until the end of last year”, stated Tino Zeiske, President of Metro
Cash & Carry China, “With our strong confidence in China market, we
will continue the process of consistent and fast expansion; provide
customized offers for HoReCa and Institutions supported by exemplary
quality and hygiene standards.”
Overall, METRO Cash & Carry extended its store
portfolio by 32 to a total of 615 wholesale stores in fiscal 2007. The
international expansion was once again focused on the growth markets in
Eastern Europe and Asia. In Russia alone, the company opened eight new
locations. Through the successful market entry into Pakistan and the
tapping of new regions – such as Siberia – METRO Cash & Carry
underlined its leading role in self-service wholesale in 2007.
The number of full-time employees in the 29 countries
where the company is active grew by 6.3 percent to 103,915. The strongest
growth was recorded in the Eastern European countries which also reported
the largest number of openings with 16 new stores.
Contact:
Huang ZhongJie
National Public Relations Manager
METRO Jinjiang Cash & Carry Co., Ltd.
1425, Zhenbei Road, Putuo District
200333 Shanghai, P. R. China
Tel: + 86 21 - 2207-8010
Fax: + 86 21 -2207-6602
Email: zhongjie.huang@metro.com.cn
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