SRH AlsterResearch AG Initiation: Metro AG - Still suffering but recovery in sight

SRH AlsterResearch AG Initiation: Metro AG - Still suffering but recovery in sight

Nachrichtenquelle: AlsterResearch AG
19.02.2021, 15:15  |  122   |   |   

Taking an end of all the pandemic restrictions into account, the group's strengths are likely to be weighted higher again on the stock market.

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SRH AlsterResearch AG Initiation: Metro AG - Still suffering but recovery in sight In the first quarter of the 2020/21 financial year, sales and earnings of Metro Group suffered from lockdowns in many important sales markets, especially in Western Europe. Taking an end of all the pandemic restrictions into account, the group's strengths are likely to be weighted higher again on the stock market. The appointment of the new CEO, Steffen Greubel, who is likely to bring international experience (France and Southern Europe) from his management activities within the Würth Group also justifies confidence. Furthermore, he is expected to drive the Group’s digitalisation strategy going forward.

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