Metro Posts Wider Q1 Net Loss

Metro AG

posted a wider first-quarter net loss. Metro posted a quarterly net loss of EUR82 million, versus a year-ago loss of EUR3 million. Its sales gained 2.2% y/y to EUR15.6 billion. Metro's loss before interest and taxes came in at EUR9 million, versus earnings before interest and taxes of EUR142 million. Its loss per share came in at EUR0.25, versus a loss per share of EUR0.01. Metro shares closed at $6.50 yesterday.