First Quarter Results Q1 2010
(Thomson Reuters ONE) -
LUXEMBOURG, 19 APRIL 2010 - METRO INTERNATIONAL S.A. ("METRO" OR "THE GROUP")
(MTROA, MTROB), TODAY ANNOUNCED ITS FINANCIAL RESULTS FOR THE FIRST QUARTER
ENDED 31 MARCH 2010. INFORMATION WAS SUBMITTED FOR PUBLICATION ON 19 APRIL 2010
AT 8:00 A.M. CET.
"RESULTS CONTINUE TO IMPROVE"
FINANCIAL SUMMARY
? '000 Q1 2010 Q1 2009
Net revenue 48,770 55,560
Net revenue (like-for-like)* 47,203 44,585
EBIT (3,660) (14,716)
EBIT (like-for-like)* (3,952) (6,569)
Net loss (5,840) (15,277)
Basic and diluted earnings per share (?) (0.01) (0.03)
*Excluding closed, divested and acquired operations, refer to section "Financial
Review"
FIRST QUARTER HIGHLIGHTS
* Net revenue like-for-like increased by 6 percent to ?47.2 million (2009:
?44.6 million). Excluding currency effects net revenue increased by 2
percent.
* Net revenue decreased by 12 percent to ?48.8 million (2009: ?55.6 million).
* The EBIT loss like-for-like was ?4.0 million (2009: ?6.6 million). The EBIT
loss was ?3.7 million (2009: ?14.7 million), representing an improvement of
?11.0 million.
* Excluding provisions at headquarters (?0.8 million for global sales client
receivables in Greece) and in Denmark (?0.3 million for redundancy costs),
the EBIT loss would have been ?2.6 million, the best result ever for Q1.
* Improved performance was recorded in all subsidiaries except Greece, driven
by sales growth in combination with lower fixed cost base. March sales ended
stronger than expected.
* Metro Chile managed to grow sales and improve EBIT despite of the
earthquake.
CONFERENCE CALL
Metro International will host a conference call today at 10.00 A.M. CET which
will be broadcast live on the internet and as a conference call. Participants
can take part in the call either through the audiocast or the conference call.
To follow the internet audiocast:
A live audiocast of the presentation will be available onwww.metro.lu
To participate in the conference call, please dial in on the following numbers:
Sweden Tel: +46 8 505 598 53
UK / International Tel: +44 20 304 324 36
US free phone number Tel: +1 866 458 40 87
Conference call participants can access the presentation slides
onhttp://www.metro.lu/node/79.
For those unable to listen to the live broadcast, a replay will be available at
Metro's website www.metro.lu
the event.
For further information, please visit www.metro.lu
contact:
Per Mikael Jensen, President and CEO Tel: +46 8 1205 7000
Anders Kronborg, CFO Tel: +44 79 1254 0800
Linda Fors, Head of Investor Relations Tel: +46 704 315 95 30
DATE OF NEXT REPORT
Metro's financial results Q2 ended 30 June 2010 will be published on 19 July
2010.
METRO INTERNATIONAL S.A. ANNUAL GENERAL MEETING 2010
The 2010 Annual General Meeting will be held on 10 A.M. CET, 27 May 2010 in
Luxembourg. Shareholders wishing to have matters considered at the Annual
General Meeting should submit their proposals in writing to agm(at)metro.lu
avenue Marie-Therese, L-2132 Luxembourg, Grand Duchy of Luxembourg at least
seven weeks before the Annual General Meeting, in order that the proposal may be
included in the notice to the meeting. Further details on how and when to
register will be published in advance of the meeting.
NOMINATION COMMITTEE FOR THE 2010 ANNUAL GENERAL MEETING
A Nomination Committee of major shareholders in Metro International has been
formed in accordance with the resolution of the 2009 Annual General Meeting, The
Nomination Committee is comprised of Cristina Stenbeck on behalf of Investment
AB Kinnevik, Marianne Nilsson on behalf of Swedbank Robur and Annika Andersson
on behalf of the 4th AP Fund. Information about the work of the Nomination
Committee can be found on Metro International's corporate website at
www.metro.lu
for election to the Board of Directors of Metro International S.A. should submit
their proposal in writing to agm(at)metro.lu
Company Secretary, Metro International S.A, 2-4, avenue Marie-Therese, L-2132
Luxembourg, Grand Duchy of Luxembourg.
ABOUT METRO INTERNATIONAL AND METRO
Metro is the largest international newspaper in the world. Metro is published
in over 100 major cities in 19 countries across Europe, North & South America
and Asia. Metro has a unique global reach - attracting a young, active,
well-educated Metropolitan audience of 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.
[HUG#1404996]
First Quarter Results Q1 2010: http://hugin.info/132142/R/1404996/358968.pdf
Unternehmensinformation / Kurzprofil:
Datum: 19.04.2010 - 08:01 Uhr
Sprache: Deutsch
News-ID 19227
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Town:
Luxembourg
Kategorie:
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