METRO AG (OTCPK:MTTWF)
$ 5.32 0.02 (0.38%) Market Cap: 1.75 Bil Enterprise Value: 4.68 Bil PE Ratio: 8.24 PB Ratio: 0.91 GF Score: 68/100

Full Year 2019 Metro AG Earnings Call Transcript

Dec 12, 2019 / 07:00AM GMT
Release Date Price: $16.1
Operator

Ladies and gentlemen, thank you for standing by. Welcome, and thank you for joining the financial year 2018/'19 conference call. (Operator Instructions)

I would now like to turn the conference over to Olaf Koch, CEO. Please go ahead.

Olaf G. Koch
Metro AG - Chairman of the Management Board & CEO

Yes. Thank you, and good morning, everyone, to the results presentation '18/'19, and thank you for joining this early morning call.

Before we start, have a brief look to the disclaimer, please.

And then let's get started. So '18/'19, definitely was a significant year for METRO. Not only we have seen good momentum in like-for-like, but it's also visible that through 2 major initiatives that we conducted in '18/'19, which will be completed in calendar year 2020, we are recalibrating on the right assets. And that, in combination with a momentum in like-for-like, gives us confidence that we absolutely have the right ingredients for future growth. Furthermore, the 2 transactions certainly are also going to help us to strengthen our financial

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