METRO AG

  • WKN: BFB001
  • ISIN: DE000BFB0019
  • Land: Deutschland

Nachricht vom 25.09.2019 | 20:48

METRO AG confirms evaluation of potential efficiency measures

METRO AG / Key word(s): Miscellaneous
METRO AG confirms evaluation of potential efficiency measures

25-Sep-2019 / 20:48 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


METRO AG confirms currently evaluating potential efficiency measures with regard to its administrative structures, processes and business activities. The contemplated efficiency measures would be induced by and largely depended upon the envisaged divestment of the hypermarket business and the resulting reduced company size. The measures relate both to METRO AG headquarters and the international cross-functional and service companies.

The evaluation is at a very early stage. On the basis of the first preliminary top-down assessment, the implementation of the contemplated measures under assessment could lead to

- one-off costs of approximately EUR 30 to 65 million in the first financial year of implementation and

- recurring savings in a mid-double-digit million Euro-amount per year.

No decision has been taken yet on the implementation or the scope of possible measures, which have to be further assessed and evaluated in detail. After the finalization of the assessment in the next couple of months, the Management Board of METRO AG will decide hereon.
 

Contact:
METRO AG
Sabrina Ley
Director Investor Relations

25-Sep-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



show this

GBC-Fokusbox

EQS Group: Rating lautet Kaufen

Die Vorzeichen für die EQS Group AG sind positiv. Ein wesentlicher Umsatztreiber für das Jahr 2020 sollte die Migration von Bestandskunden vom COCKPIT in das COCKPIT 2.0 bedeuten. Darüber hinaus erwarten wir ein gutes Wachstum in den übrigen Bereichen, da die EQS mit vielen Produkten auch von der Coronakrise profitieren kann. So werden z. B. Online-Hauptversammlungen, Webcasts und Telefonkonferenzen vermehrt gebucht: Unseres Erachtens sollte es auch zu einer höhere Anzahl an Pflichtmeldungen von Unternehmen kommen. Unser Kursziel liegt bei 91,50 €, das Rating lautet weiter Kaufen.

News im Fokus

Infineon beschließt Kapitalerhöhung gegen Bareinlagen im Wege eines Accelerated Bookbuilding

26. Mai 2020, 18:03

Aktuelle Research-Studie

Mountain Alliance AG

Original-Research: Mountain Alliance AG (von Montega AG): Kaufen

26. Mai 2020