Opinion on Hypermarkets, Supermarkets and Discounters in Kazakhstan

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Expert View
Expert View

Metro Group: negative currency effects and deflationary trends in food hurt sales

Cost-cutting measures helped German retail conglomerate Metro Group to achieve stable EBIT for the third quarter, despite a 4.6% drop in group sales to E15.6 billion caused primarily by declining food inflation and negative currency effects in Eastern Europe. While the rest of the year will remain challenging, growth in international markets will provide a further boost to sales.

Published By Datamonitor
05 Nov 2009

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