Sheet 1: Index

	
	

		
INDEX – METRO Annual Report 2017/18
	
	

		
METRO in figures
	
	

		
METRO share
	
	

		
Data on the METRO share
	
	

		
Analysts’ recommendations
	
	

		
Disclosure of individual attendance at meetings – Supervisory Board
	
	

		
Disclosure of individual attendance at meetings – Presidential Committee
	
	

		
Disclosure of individual attendance at meetings – Audit Committee
	
	

		
Disclosure of individual attendance at meetings – Nomination Committee
	
	

		
Store network by countries and segments as of the closing date of 30/9
	
	

		
Training courses at METRO Wholesale and METRO AG
	
	

		
Training courses at Real
	
	

		
Development of employee numbers by segments by headcount as of closing date of 30/9
	
	

		
Development of employee numbers by segments full-time equivalents as of the closing date of 30/9
	
	

		
Development of gross domestic product in key global regions and Germany Year-on-year change in %
	
	

		
Ratings
	
	

		
Undrawn credit facilities by METRO
	
	

		
METRO investments
	
	

		
Cash flow statement
	
	

		
Equity
	
	

		
Net debt
	
	

		
Development of liabilities
	
	

		
Non-current assets
	
	

		
Current assets
	
	

		
Earnings position
	
	

		
Reconciliation from sales to like-for-like sales in local currency
	
	

		
METRO Wholesale key figures I for 2017/18 in year-on-year comparison
	
	

		
METRO Wholesale key figures II for 2017/18
	
	

		
Real key figures I for 2017/18 in year-on-year comparison
	
	

		
Real key figures II for 2017/18
	
	

		
Others key figures I for 2017/18 in year-on-year comparison
	
	

		
Others key figures II for 2017/18
	
	

		
Net financial result and taxes
	
	

		
Taxes
	
	

		
Profit or loss for the period and earnings per share
	
	

		
Risk classification
	
	

		
Remuneration of the Management Board in financial year 2017/18
	
	

		
Remuneration of the Management Board – Benefits granted – Olaf Koch, Christian Baier
	
	

		
Remuneration of the Management Board – Benefits granted – Pieter C. Boone, Heiko Hutmacher, Philippe Palazzi
	
	

		
Remuneration of the Management Board – Accruals
	
	

		
Performance Share Plan
	
	

		
Remuneration of members of the Supervisory Board for financial year 2017/18 pursuant to § 13 of the Articles of Association
	
	

		
Other intra-group remuneration of members of the supervisory board for financial year 2017/18
	
	

		
Shares held in capital
	
	

		
Income statement for the financial year from 1 October 2017 to 30 September 2018 in accordance with the german commercial code
	
	

		
Financial position of METRO AG
	
	

		
Asset position of METRO AG
	
	

		
Income statement for the financial year from 1 October 2017 to 30 September 2018
	
	

		
Reconciliation from profit or loss for the period to total comprehensive income for the financial year from 1 October 2017 to 30 September 2018
	
	

		
Balance sheet as of 30 September 2018 – Assets
	
	

		
Balance sheet as of 30 September 2018 – Equity and liabilities
	
	

		
Statement of changes in equity for the financial year from 1 October 2017 to 30 September 2018
	
	

		
Cash flow statement for the financial year from 1 October 2017 to 30 September 2018
	
	

		
Segment Reporting
	
	

		
Segment Reporting
	
	

		
Reconciliation to presentation in the management report
	
	

		
Group of consolidated companies
	
	

		
Overview of major subsidiaries with non-controlling interests – 30/9/2017
	
	

		
Overview of major subsidiaries with non-controlling interests – 30/9/2018
	
	

		
Exchange rates
	
	

		
Equity, liabilities and net debt in the consolidated financial statements
	
	

		
Other operating income
	
	

		
Selling expenses
	
	

		
General administrative expenses
	
	

		
Other operating expenses
	
	

		
Net interest income/interest expenses
	
	

		
Other financial result
	
	

		
Net results according to measurement categories – 2016/17
	
	

		
Net results according to measurement categories – 2017/18
	
	

		
Income taxes
	
	

		
Deferred tax income
	
	

		
Reconciliation of estimated to actual income tax expenses
	
	

		
Profit or loss for the period from discontinued operations after taxes
	
	

		
Earnings per share
	
	

		
Depreciation/amortisation/impairment loss – Income statement – 2016/17
	
	

		
Depreciation/amortisation/impairment loss – Income statement – 2017/18
	
	

		
Cost of materials
	
	

		
Personnel expenses
	
	

		
Annual average number of group employees in the continued segment
	
	

		
Other taxes
	
	

		
Breakdown of goodwill
	
	

		
Assumptions regarding the development of sales, EBIT and the EBIT margin for goodwill
	
	

		
Goodwill
	
	

		
Other intangible assets
	
	

		
Property, plant and equipment
	
	

		
Payments due under finance and operating leases in subsequent periods – 30/9/2017
	
	

		
Payments due under finance and operating leases in subsequent periods – 30/9/2018
	
	

		
Lease payments due in subsequent periods from entities outside METRO – 30/9/2017
	
	

		
Lease payments due in subsequent periods from entities outside METRO – 30/9/2018
	
	

		
Investment properties
	
	

		
Financial investments and investments accounted for using the equity method
	
	

		
Investments accounted for using the equity method
	
	

		
Disclosures about the income statement
	
	

		
Other financial and non-financial assets
	
	

		
Deferred taxes
	
	

		
Tax loss carry-forwards and interest carry-forwards
	
	

		
Tax effects on components of other comprehensive income
	
	

		
Inventories
	
	

		
Impairments of capitalised financial instruments
	
	

		
Maturities and impairment losses of capitalised financial instruments – 30/9/2017
	
	

		
Maturities and impairment losses of capitalised financial instruments – 30/9/2018
	
	

		
Cash and cash equivalents
	
	

		
Assets held for sale/liabilities related to assets held for sale
	
	

		
Share capital
	
	

		
Reserves retained from earnings
	
	

		
Changes in reserves
	
	

		
Provisions for post-employment benefits plans and similar obligations
	
	

		
Overview of the present value of defined benefit obligations by METRO countries
	
	

		
Plan assets of METRO proportions
	
	

		
Actuarial valuation
	
	

		
Impact on the present value of pension entitlements
	
	

		
Fair value of plan assets by asset category 
	
	

		
Changes in the present value
	
	

		
Weighted average term of defined benefit commitments for the countries with material pension obligations
	
	

		
The present value of defined benefit obligations
	
	

		
The fair value of plan assets
	
	

		
Financing status
	
	

		
Pension expenses of the direct and indirect company pension plan
	
	

		
Other provisions (non-current)/provisions (current)
	
	

		
Liabilities
	
	

		
Maturity structure of the financial liabilities – Bonds including commercial papers
	
	

		
Maturity structure of the financial liabilities – Liabilities to banks
	
	

		
Maturity structure of the financial liabilities – Promissory note loans
	
	

		
Interest rate structure of the financial liabilities – Bonds including commercial papers
	
	

		
Interest rate structure of the financial liabilities – Liabilities to banks
	
	

		
Interest rate structure of the financial liabilities – Promissory note loans
	
	

		
Other financial and non-financial liabilities
	
	

		
Offsetting financial assets and financial liabilities – 30/9/2017
	
	

		
Offsetting financial assets and financial liabilities – 30/9/2018
	
	

		
Undiscounted cash flows of financial liabilities – 30/9/2017
	
	

		
Undiscounted cash flows of financial liabilities – 30/9/2018
	
	

		
Carrying amounts and fair values of recognised financial instruments – 30/9/2017
	
	

		
Carrying amounts and fair values of recognised financial instruments – 30/9/2018
	
	

		
Financial instruments recognised at fair value
	
	

		
Reconciliation of the cash flow from financial liabilities to the change in financial liabilities reported in the balance sheet
	
	

		
Cash flow from operating activities of discontinued operations
	
	

		
Cash flow from investment activities of discontinued operations
	
	

		
Cash flow from financing activities of discontinued operations
	
	

		
Reconciliation from non-current segment assets to non-current group assets
	
	

		
Currency risk
	
	

		
Derivative financial instruments used for risk reduction
	
	

		
Maturities of derivative financial instruments 
	
	

		
Counterparties by rating class
	
	

		
Contingent liabilities
	
	

		
Business relations to related companies
	
	

		
Sustainability component
	
	

		
Overview of major fully consolidated group companies
	
	

		
Multi-year overview
	



Sheet 2: key_figures

	
	
	
	
	
	
	
	
	
	
	
	

		
Back to index
		
	

		
METRO Annual Report 2017/18
		
	

		
METRO in figures
		
	

		


		


		


		


		


		


		


		


		


		


		


	
	

		
€ million
		


		


		


		
2015/16
		


		
2016/171
		


		
2017/181
		


		
Change in %
	
	

		
Key financial figures
		


		


		


		


		


		


		


		


		


		


	
	

		
Sales development (like-for-like)
		


		
%
		


		
0.2
		


		
0.5
		


		
0.7
		


		
–
	
	

		
Sales (net)
		


		


		


		
36,549
		


		
37,140
		


		
36,534
		


		
-1.6
	
	

		
thereof METRO Wholesale
		


		


		


		
29,000
		


		
29,866
		


		
29,451
		


		
-1.4
	
	

		
thereof Real
		


		


		


		
7,478
		


		
7,247
		


		
7,077
		


		
-2.3
	
	

		
EBITDA excluding earnings contributions from real estate transactions
		


		


		


		
1,764
		


		
1,436
		


		
1,396
		


		
-2.8
	
	

		
thereof METRO Wholesale
		


		


		


		
1,666
		


		
1,413
		


		
1,321
		


		
-6.5
	
	

		
thereof Real
		


		


		


		
250
		


		
154
		


		
143
		


		
-7.0
	
	

		
thereof others/consolidation
		


		


		


		
-151
		


		
-131
		


		
-69
		


		
47.7
	
	

		
Earnings contributions from real estate transactions
		


		


		


		
153
		


		
175
		


		
129
		


		
-26.5
	
	

		
EBITDA
		


		


		


		
1,918
		


		
1,611
		


		
1,525
		


		
-5.3
	
	

		
EBIT
		


		


		


		
1,219
		


		
852
		


		
740
		


		
-13.2
	
	

		
EBT (earnings before taxes)
		


		


		


		
894
		


		
649
		


		
578
		


		
-10.9
	
	

		
Profit or loss for the period
		


		


		


		
519
		


		
345
		


		
348
		


		
0.9
	
	

		
Earnings per share (basic = diluted)
		


		
€
		


		
1.392
		


		
0.89
		


		
0.95
		


		
5.9
	
	

		
Dividend per ordinary share
		


		
€
		


		
0.00
		


		
0.70
		


		
0.703
		


		
0
	
	

		
Dividend per preference share
		


		
€
		


		
0.00
		


		
0.70
		


		
0.703
		


		
0
	
	

		
Cash flow from operating activities
		


		


		


		
1,173
		


		
1,027
		


		
905
		


		
-11.9
	
	

		
Investments
		


		


		


		
1,007
		


		
827
		


		
811
		


		
-2.0
	
	

		
Equity ratio
		


		
%
		


		
18.3
		


		
20.3
		


		
20.5
		


		
–
	
	

		
Net debt
		


		


		


		
3,051
		


		
3,142
		


		
3,165
		


		
–
	
	

		
Employees (annual average by headcount)
		


		


		


		
156,852
		


		
155,082
		


		
152,426
		


		
-1.7
	
	

		
Stores
		


		


		


		
1,041
		


		
1,041
		


		
1,048
		


		
0.7
	
	

		
Selling space (1,000 m2)
		


		


		


		
7,377
		


		
7,249
		


		
7,152
		


		
-1.3
	
	

		
1 Includes the figures of the hypermarket business for sale.
		
	

		
2 Pro-forma disclosure of combined financial statements.
		
	

		
3 Subject to the resolution of the Annual General Meeting.
		



Sheet 3: share

	
	
	
	
	
	
	
	

		
Back to index
		
	

		
METRO Annual Report 2017/18
		
	

		
METRO share
		
	

		


		


		


		


		


		


		


	
	

		


		


		


		


		


		


		
2017/18
	
	

		
Closing price
		


		
Ordinary share
		


		
€
		


		
13.50
	
	

		


		
Preference share
		


		
€
		


		
12.61
	
	

		
High
		


		
Ordinary share
		


		
€
		


		
18.00
	
	

		


		
Preference share
		


		
€
		


		
17.69
	
	

		
Low
		


		
Ordinary share
		


		
€
		


		
10.08
	
	

		


		
Preference share
		


		
€
		


		
9.93
	
	

		
Dividends
		


		
Ordinary share
		


		
€
		


		
0.701
	
	

		


		
Preference share
		


		
€
		


		
0.701
	
	

		
Dividend yield
based on closing price
		


		
Ordinary share
		


		
%
		


		
5.21
	
	

		


		
Preference share
		


		
%
		


		
5.61
	
	

		
Market capitalisation (billion)
		


		


		


		
€
		


		
4.9
	
	

		
1 Subject to the resolution of the Annual General Meeting.
		
	

		
 
		
	

		
Data based on Xetra closing prices 
		
	

		
Source: Bloomberg