Metro International S.A. ("Metro"), today announces information on results and strategic development.
1. January 2012 sales results
In January 2012, Metro had sales of EUR13.1m (-0.6% growth versus 2011 sales). For further information, on a per country basis, please see table below (in thousands of euro).
2. Metro paper prices
Metro has concluded agreements regarding supply of paper from April 2012 to April 2013. Prices will be lower than last year and the total impact on consolidated figures is expected to be EUR1-2 million.
3. Metro French Canada discussions
The discussion with our partner in Metro French Canada for a full divestment of the Metro equity stake, and with a subsequent change into a franchise operation, is ongoing and should be concluded in the near future. The transaction will not have any significant financial impact due to the size of the operation.
For further questions, please contact:
Anders Kronborg CFO +44 7912 540 800
ABOUT METRO INTERNATIONAL AND METRO
Metro is the largest international newspaper in the world. Metro is published in over 100 major cities in 22 countries across Europe, North & South America and Asia. Metro has a unique global reach - attracting a young, active, well-educated Metropolitan audience of over 17 million daily readers. Metro International S.A. shares are listed on Nasdaq OMX Stockholm through Swedish Depository Receipts of series A and series B under the symbols MTROA and MTROB.
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The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Metro International via Thomson Reuters ONE