Performance of the METRO share

In financial year 2021/22, the stock markets underwent various phases: the economic recovery after the Covid-19 pandemic, Russia’s war in Ukraine and the resulting rising inflation, energy price increases and the predictable change in consumer behaviour.

In the first 4 months of the financial year, the mood on the stock markets was good. The SDAX peaked at 17,413 points on 8 November 2021 and the METRO share also developed positively and at times exceeded €11.00. The prospect of rising inflation and increasing Covid-19 infection figures weighed on the stock markets at the end of November 2021, but they recovered by the end of the year.

At the Capital Markets Day in January 2022, METRO presented the new sCore growth strategy with ambitious targets until 2030, which was well received by the capital market. The share price was above €9.00. However, from mid-February onwards, Russia’s war in Ukraine and the associated negative consequences weighed heavily on the stock markets. The uncertainties surrounding the war and possible effects on the METRO business were also reflected in the METRO share price. On 8 March 2022, the METRO share reached its low of €6.90.

The consistent implementation of the sCore strategy, the positive business development and inflation led to an increase in the sales and earnings outlook twice during the financial year. The operational improvement was also reflected in the share price, which recovered throughout the year but could not compensate for all the losses. On 30 September 2022, the METRO ordinary share finished with a closing price of €7.16 in Xetra trading on the Frankfurt Stock Exchange. This corresponds to a decline of 36% compared to the previous year, which was in line with the SDAX decline of 36%. The preference share traded at €7.10 on 30 September 2022.

Development of the METRO ordinary share (%)