RESULTS FOR THE FOURTH QUARTER AND TWELVE MONTHS ENDED 31st DECEMBER 2009
(Thomson Reuters ONE) - "Metro's best quarter ever!"Luxembourg, 4th February, 2010 - Metro International S.A. ("Metro International"or the "Group") (MTROA, MTROB), today announced its financial results for thefourth quarter ended 31st December 2009. Information was submitted forpublication on 4th February, 2010 at 8:00 A.M. CET.FOURTH QUARTER HIGHLIGHTS * Net revenues declined year-on-year by 2 percent in the fourth quarter adjusting for currency movements, closed and divested operations. Total net revenues decreased year-on-year by 26 percent to EUR 61.5 million (2008: EUR 83.5 million). * The total operating profit in the fourth quarter was EUR 9.3 million (2008: total operating loss of EUR 1.6 million). Excluding closed and divested operations the operating profit was 9.3 EUR million (2008: operating profit of EUR 0.9 million). * The net profit in the fourth quarter was EUR 5.9 million (2008: loss of EUR 9.8 million). * Operating costs declined year-on-year in the fourth quarter by 13 percent adjusting for currency movements, closed and divested operations. Costs incurred at headquarters declined year-on-year by 27 percent. * The basic net profit per share for the fourth quarter was EUR 0.011 and diluted profit per share was EUR 0.004 (2008: basic and diluted loss per share of EUR 0.015).FULL YEAR RESULTS * Net revenues decreased year-on-year by 7 percent for the full year adjusting for currency movements, closed and divested operations. Total net revenues decreased year-on-year by 25 percent to EUR 220.2 million (2008: EUR 295.5 million). * The total operating loss for the full year was EUR 13.4 million (2008: loss of EUR 19.9 million). Excluding closed and divested operations the operating loss was EUR 3.0 million (2008: loss of EUR 6.0 million). * The net loss for the full year was EUR 21.7 million (2008: profit of EUR 4.1 million[1]). * Operating costs for the full year declined by 8 percent adjusting for currency movements, closed and divested operations. Costs incurred at Headquarters declined year-on-year by 23 percent. * The basic and diluted net loss per share for the full year was EUR 0.04 (2008: basic and diluted profit per share of EUR 0.017).[1] Including profit of EUR 37.3 million on sales of shares in Metro Sweden toSchibsted and acquisition of 24 Timer from JP/PolitikenPer Mikael Jensen, President and CEO of Metro International, said:"The lastquarter of 2009 proved to be a success for Metro newspapers around the world. Wemanaged to deliver the highest profits in a single quarter ever, despite theworld economy still recovering from the financial crisis. I am grateful to allour employees and managers who have proven that Metro's business model isadaptable to changes in the economic climate. We want to continue to keep costslow for 2010 whilst working hard to increase revenues. We enter 2010 with astronger market position in most of our markets."CONFERENCE CALLMetro International will host a conference call today at 10.00 A.M. CET whichwill bebroadcast live on the internet and as a conference call.Participants can take part in the call either through the audiocast or theconference call.To view the Internet Audiocast:A live audiocast of the presentation will be available onwww.metro.lu
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Datum: 04.02.2010 - 02:04 Uhr
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