Discontinued operations

The development of the current business of discontinued operations does not permit an adequate comparison with the , since METRO China is only included pro rata until 22 April 2020 and the hypermarket business pro rata until 24 June 2020 and 10 September 2020. Up to those dates, sales of METRO China and the hypermarket business developed noticeably above previous year’s level.

In financial year 2019/20, the valuation/disposal earnings after tax amount to a total of €316 million (2018/19: €−209 million). Of this amount, METRO China accounts for €943 million (2018/19: €0 million) and the hypermarket business for €−627 million (2018/19: €−209 million). Including the ongoing business of the 2 disposal groups, the profit or loss for the period resulting from discontinued operations after taxes amounts to €612 million (2018/19: €−93 million).

Previous year
Period of 12 months relating to the financial year preceding the reporting year, usually cited as reference for statements in an annual report.