| Type | Aktiengesellschaft |
|---|---|
| Traded as | FWB: MEO |
| Industry | Retail |
| Founded | 1964; Metro AG formed in 1996 |
| Headquarters | Düsseldorf, Germany |
| Area served | Europe, Asia, Africa |
| Key people | Olaf Koch (CEO and Chairman of the Management board), Franz Markus Haniel(Chairman of the supervisory board), Mark Frese (CFO) |
| Services | Supermarkets, hypermarkets, consumer electronics and appliance retail, department stores |
| Revenue | €67.26 billion (2010)[1] |
| Operating income | €2.211 billion (2010)[1] |
| Profit | €850 million (2010)[1] |
| Total assets | €35.07 billion (end 2010)[1] |
| Total equity | €6.460 billion (end 2010)[1] |
| Employees | 283,280 (average, 2010)[1] |
| Divisions | Metro Cash and Carry, Real, Media Markt, Saturn, Galeria Kaufhof |
| Website | www.metrogroup.de |
Metro AG is a diversified retail and wholesale/cash and carry group based in Düsseldorf, Germany. It has the largest market share in its home market, and is one of the most globalised retail and wholesale corporations. It is the fourth-largest retailer in the world measured by revenues (after Wal-Mart, Carrefour and Tesco).[2] In English it often refers to itself as Metro Group. It was established in 1964 by Otto Beisheim.
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The company operates the following sales divisions:
As of 2007 it has added the former Wal-Mart Germany stores to the Real chain.
As of 1 Jan 2007, the Metro Group operated stores in the following countries:
Europe
Asia
Africa
Canada's Metro Inc. is not affiliated.
In the 2003 calendar year, Metro Group had sales of €53,965 million. Profit before tax was €817 million, and group net profit was €496 million. In the early years of the 21st century, Metro had at that moment a lower growth rate than many of its global competitors.
The Metro group is looking towards expansion in Asia and Europe. The Metro group has announced plans to expand its operations in Algeria, Pakistan, Sweden, Bosnia and Herzegovina and Egypt. The Metro Group may also be commissioned by the German government to expand operations into Afghanistan's economically stable north, the region patrolled by German ISAF forces.
They also split off and floated their *Praktiker division in December 2006, a DIY/home improvement chain with stores in several countries.
In June 2009 it was reported that the company was looking to purchase some of the assets of Arcandor, after the firm filed for bankruptcy.[3]
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