DGAP-Adhoc

METRO sales and earnings development in the first half of 2020/21 within guidance expectation - Update of guidance for the financial year 2020/21 due to longer regulatory measures related to Covid-19 - Seite 2

- Sales (both total sales and like-for-like) decline by approximately -3% to -6% to previous year (previously: slightly below previous year)

- EBITDA adjusted decline by roughly EUR -50 million to EUR -175 million to previous year (previously: decline by mid double-digit EUR million amount)

The outlook assumes stable exchange rates and no further adjustments to the portfolio. The sensitivity of sales and earnings to the duration and severity of governmental restrictions is the highest for hospitality driven regions, esp. in the segment Western Europe. In contrast, the segments Russia and Asia are expected to perform better than the group.

Increased cost efficiency and proven measures support the operating business. A continuous resilient development with Trader and SCO customers further allows to partly compensate the impact on the hospitality customers. Considering the strong financial profile, the proven competitive position and the comprehensive digital footprint, METRO is well positioned to benefit from the upcoming recovery.

The H1 2020/21 half-year report will be published as scheduled on May 4, 2021 at 6:30pm, followed by an analyst conference call on May 5, 2021 at 8:45am.

Contact:
METRO AG
Sabrina Ley
Director Investor Relations

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20-Apr-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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Language:	English
Company:	METRO AG
	Metro-Straße 1
	40235 Dusseldorf
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.metroag.de
ISIN:	DE000BFB0019, DE000BFB0027
WKN:	BFB001, BFB002
Indices:	SDAX
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1186866