Sales and earnings development of the segments

In Germany, sales in local currency increased by 0.7% in financial year 2023/24. Implementation of the sCore strategy made good progress, although the segment Germany continues to be in a transformation phase. Reported sales increased to €4.9 billion.

In the segment West, sales increased by 2.0% in financial year 2023/24. In particular Spain and Italy as well as the delivery specialists contributed to this rise. The positive sales development with HoReCa customers was negatively impacted by the delayed start to the summer season due to weather conditions, especially in France. Reported sales increased to €12.8 billion.

In Russia, sales in local currency in financial year 2023/24 increased significantly by 14.2%. In the previous year, business had been significantly affected as a result of the cyberattack. Due to negative currency effects, reported sales declined by 2.9% to €2.4 billion.

In the segment East, sales in local currency increased significantly by 6.1%. This includes a negative portfolio effect¹ of around 5 percentage points. Almost all countries, in particular Romania, Ukraine, the Czech Republic and Bulgaria, contributed to this positive development, driven primarily by the clearly positive development of the business with strategic customers. The largest increase in sales was recorded in Turkey, which was heavily supported by inflation. Because of negative currency effects, especially in Turkey, reported sales increased by 2.0% to €10.6 billion.

In the segment Others, sales increased by €56 million to €268 million and include in particular METRO MARKETS sales of €165 million (2022/23: €110 million). This increase was driven by the growth of the marketplace, particularly in France, Spain and Italy. The sales of DISH Digital Solutions, which amounted to €44 million (2022/23: €35 million), also made a significant contribution to growth (+>20%).

As of 30 September 2024, the store network comprised 624 stores, of which 522 were out-of-store (OOS)² locations, and 94 depots.

• Detailed information on the store network can be found in chapter 1.1 group business model.

In Germany, the adjusted EBITDA in financial year 2023/24 decreased to €111 million (2022/23: €137 million). This was due to expected cost inflation and continued investments in price positioning in a deflationary environment.

In the segment West, the adjusted EBITDA in financial year 2023/24 increased to €616 million (2022/23: €614 million). The increase is particularly attributable to the strong sales development compared to the previous year. The expected cost inflation had the opposite effect.

The adjusted EBITDA in Russia amounted to €143 million in financial year 2023/24 (2022/23: €152 million). Adjusted for currency effects, adjusted EBITDA increased by €13 million, bearing in mind that the previous year had been negatively affected by the cyberattack.

In the segment East, the adjusted EBITDA in financial year 2023/24 increased to €408 million (2022/23: €394 million). Adjusted for currency effects, adjusted EBITDA increased by €31 million for sales-related reasons. Transformation gains of €150 million had been recognised in the previous year, in particular from the sale of the business in India. In the absence of transformation gains, EBITDA fell to €410 million (2022/23: €544 million).

The adjusted EBITDA in the segment Others amounted to €−221 million in financial year 2023/24 (2022/23: €−133 million). In the previous year, adjusted EBITDA had until April 2023 benefited from licence earnings from the partnership with WM Holding (HK) Limited and other post-transaction effects, which were not repeated to a similar extent in financial year 2023/24. Further investments in digitalisation were made in the reporting period. Earnings contributions from real estate transactions amounted to €39 million (2022/23: €203 million) and were primarily the result of 2 real estate transactions in Turkey in Q1 2023/24. The previous year’s figures had included the sale of part of the METRO Campus. Transformation gains from previous portfolio measures of €21 million (2022/23: €2 million) were generated. EBITDA stood at €−160 million (2022/23: €72 million).