Investments/divestments

In financial year 2023/24, METRO invested €1,196 million and is thus €49 million above the previous year’s investment volume of €1,147 million.

The increase in investments resulted largely from lease extensions for numerous locations in Germany, while in the previous year the value of lease extensions had been lower, especially in the segment West. In addition, investments continued to be made in financial year 2023/24 in the delivery business and the transformation of wholesale stores to multichannel fulfilment centres, which are a significant pillar of the sCore strategy. The conversions will expand delivery capacities in a targeted manner and ensure the efficient dovetailing of the sales channels.

The focus on sustainability and digitalisation was maintained in financial year 2023/24 and significant investments were made.

The FSD companies Fisk Idag, Donier Gastronomie and Caterite were acquired in the segment West; the previous year had seen the takeover of Johan i Hallen & Bergfalk in the same segment. By making these acquisitions, METRO is expanding its food service expertise as well as its presence in Sweden, Finland and Great Britain.

The number of wholesale stores declined by 1 to 624 stores in financial year 2023/24, as 1 wholesale store in Turkey was damaged in an earthquake and had to be closed.

Proceeds from divestments amount to €101 million and mainly relate to real estate disposals.

• For more information about divestments, see the cash flow statement in the consolidated financial statements as well as the notes to the consolidated financial statements under no. 37 – notes to the cash flow statement.