FINANCIAL RESULTS FOR THE THIRD QUARTER ENDED 30TH SEPTEMBER 2009
(Thomson Reuters ONE) - Luxembourg, 19th October, 2009 - Metro International S.A. ("MetroInternational" or the "Group") (MTROA, MTROB), today announced itsfinancial results for the third quarter ended 30th September 2009.Information was submitted for publication on 19th October, 2009 at8:00 A.M. CET.THIRD QUARTER HIGHLIGHTS * Net revenues declined year-on-year by 8 percent in the third quarter adjusting for currency movements, closed and divested operations. Total net revenues decreased year-on-year in the third quarter by 26 percent to EUR 42.5 million (2008: EUR 57.0 million). * The operating loss excluding closed and divested operations was EUR 4.6 million in the third quarter (2008: operating loss of EUR 8.7 million excluding closed and divested operations). The total operating loss was EUR 5.1 million (2008: operating loss of EUR 13.4 million). * The net loss for the third quarter was EUR 8.6 million (2008: profit of EUR 22.2 million[1]). * Operating costs declined year-on-year in the third quarter by 15 percent adjusting for currency movements and closed and divested operations. Costs incurred at headquarters declined year-on-year by 22 percent in the third quarter. * In July, Metro Italy was fully divested to New Media Enterprises S.r.L.. The transaction is estimated to have a one-off positive cash flow impact for Metro International of approximately EUR 0.7 million in 2009. * In July, the Group announced that it had entered into a franchise agreement in Ecuador with the leading media group Grupo Hoy and re-launched the existing free newspapers in Quito and Guayaquil under Metro International's global newspaper format. The Group acquired a 15 percent shareholding in the venture. * In September, the Group's operation in Hungary entered into a sales partnership with Axel Springer and implemented several structural changes for the purpose of improving the financial performance of the Hungarian operation. * The basic and diluted net loss per share for the third quarter was EUR 0.014 (2008 basic and diluted net profit per share: EUR 0.045).FIRST NINE MONTHS RESULTS * Total net revenues decreased year-on-year by 11 percent during the first nine months adjusting for currency movements, closed and divested operations. Total net revenues decreased year-on-year by 25 percent to EUR 158.7million (2008: EUR 211.9 million). * The operating loss during the first nine months, excluding closed and divested operations was EUR 12.3 million (2008: loss of EUR 7.0 million). The total operating loss was EUR 22.8 million (2008: loss of EUR 18.4 million). * The net loss in the first nine months was EUR 27.5 million (2008: profit of EUR 13.8 million[2]). * Operational costs during the first nine months declined by 8 percent adjusting for currency movements and closed and divested operations. * Metro International recorded during the first nine months a basic and diluted net loss per share of EUR 0.048 (2008: basic and diluted net profit per share EUR 0.031).[1] Ibid.[2] Including profit of EUR 37.5 million on sale of shares in MetroSweden.CONFERENCE CALLMetro International will host a conference call today at 10.00 A.M.CET which will be broadcast live on the internet and as a conferencecall.Participants can take part in the call either through the audiocastor the conference call.To view the Internet Audiocast:A live audiocast of the presentation will be available onwww.metro.lu, 19th October 2009 at 10.00 A.M. CET.To participate in the conference call, please dial in on thefollowing numbers:Sweden Tel: +46 (0)8 505 598 53UK / International Tel: +44 (0)20 304 324 36US free phone number Tel: +1 866 458 40 87Conference 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 beavailable at Metro's website www.metro.lu approximately one hourafter the event.For further information, please visit www.metro.lu or contact:Per Mikael Jensen, CEO and President Tel: +44 (0)20 7016 1300Anders Kronborg, CFO Tel: +44 (0)79 1254 0800Ingrid Seldén, IR Contact Tel: +44 (0)77 2524 5881DATE OF NEXT REPORTMetro's financial results for the fourth quarter ended 31st December2009 will be published on 4th February 2009.METRO INTERNATIONAL S.A ANNUAL GENERAL MEETING 2010The 2010 Annual General Meeting will be held on 11am, 27th May 2010in Luxembourg. Shareholders wishing to have matters considered at theAnnual General Meeting should submit their proposals in writing toagm(at)metro.lu or the Company Secretary, Metro International S.A. 2-4,avenue Marie-Therese, L-2132 Luxembourg, Grand Duchy of Luxembourg atleast seven weeks before the Annual General Meeting, in order thatthe proposal may be included in the notice to the meeting. Furtherdetails on how and when to register will be published in advance ofthe meeting.NOMINATION COMMITTEE FOR THE 2010 ANNUAL GENERAL MEETINGA Nomination Committee of major shareholders in Metro Internationalhas been formed in accordance with the resolution of the 2009 AnnualGeneral Meeting, The Nomination Committee is comprised of CristinaStenbeck on behalf of Investment AB Kinnevik, Marianne Nilsson onbehalf of Swedbank Robur and Annika Andersson on behalf of the 4th APFund.Information about the work of the Nomination Committee can be foundon Metro International's corporate website at www.metro.lu.Shareholders wishing to propose candidates for election to the Boardof Directors of Metro International S.A. should submit their proposalin writing to agm(at)metro.lu or to the Company Secretary, MetroInternational S.A, 2-4, avenue Marie-Therese, L-2132 Luxembourg,Grand Duchy of Luxembourg. ***ABOUT METRO INTERNATIONAL AND METROMetro is the largest international newspaper in the world. Metro ispublished 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 17million daily readers.Metro International S.A. shares are listed on Nasdaq OMX Stockholmthrough Swedish Depository Receipts of series A and series B underthe symbols MTROA and MTROB.http://hugin.info/132142/R/1348170/324371.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 19.10.2009 - 08:03 Uhr
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