U.S. News

German Retailer Metro Says Full-Year Sales Rose 7.5 %


German retailer Metro AG said Thursday full-year sales rose 7.5% as recently acquired stores contributed for the first time.

The Duesseldorf-based company said total revenue for the year should total 60 billion euros ($77.93 billion), up from 55.7 billion euros in 2005.

The figures include contributions from Wal-Mart Stores German operations and 19 Geant stores in Poland. Metro expects full-year sales growth of around 6%, excluding contributions from the Polish and German acquisitions - in line with expectations.

Fourth-quarter revenue will probably be 10% higher at 18.4 billion euros ($23.9 billion).

Metro shares closed at 49.65 euros ($64.49) in Frankfurt on Wednesday.