Metro AG proposes 2012 dividend of €1.00/ordinary share, down from €1.35 in 2011

Cindy Allen

Cindy Allen

Mar 4, 2013 – Metro AG

DUSSELDORF, Germany , March 4, 2013 (press release) – Today, METRO AG's Management Board decided to propose a dividend payment for the financial year 2012 of €1.00 per ordinary share (2011: €1.35) and €1.06 per preference share (2011: €1.485).Despite numerous significant macroeconomic challenges, EBIT before special items amounted to €1,976 million.The non-recurring, extraordinary charges from implementing strategic portfolio and efficiency-enhancing measures totalled €585 million.The dividend proposal confirms METRO GROUP's overall solid development in the financial year 2012: 1.2% sales growth and a €694 millionimprovement in cash flow from operating and investing activities to €1,714 million.

As explained in the Annual Report 2011, the dividend proposal of the Management Board of METRO AGfollows the development of the earnings per share before special items, which amounted to €1.89 for the financial year 2012 (2011: €2.63).Over recent years, the payout ratio has, on average, been around 50% of net profit attributable to shareholders of METRO AGbefore special items.

At the beginning of 2012, a strategy of focus, financial optimisation and transformation was implemented by the Management Board of METRO AG to sustainably safeguard METRO GROUP's future. This led to special items totalling €585 millionlast year. The expenses for portfolio optimisation measures, e.g. the sale of Makro UK and Real in Eastern Europe as well as the discontinuation of Media Marktin China, were the most significant. In addition, comprehensive investments into further efficiency enhancement were made. These measures contribute to the company's positive development in the medium and long term.

These one-off expenses have led to a decline in EBIT including special items to €1,391 million and to €810 million EBT in the financial year 2012. Due to the fact that deferred taxes on current losses have not been capitalised, the income tax expenses were only slightly lower year-on-year. This led to an elevated GROUP tax rate of 87.5%.€1,976 million.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.


About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025 795

+1 (310) 558 0008
+1 (310) 558 0080 (FAX)

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.