Others

The Others segment comprises, among others, the centralised activities of METRO, the procurement organisation in Hong Kong, which also operates on behalf of third parties, logistics services and real estate activities of METRO PROPERTIES which are not attributed to any sales lines (that is speciality stores, warehouses, head offices, etc.) and Hospitality Digital.

In financial year 2017/18, sales in the Others segment decreased by €20 million to €7 million (2016/17: €27 million). This decline is mainly attributable to the fact that in the first quarter of the previous year, sales still included the 4 Real stores in Romania that have since been sold.

The EBITDA excluding earnings contributions from real estate transactions amounted to €−63 million in financial year 2017/18 (2016/17: €−133 million). While the result in the first half-year was supported by reversals of provisions and once-off income in relation to the settlement of earlier acquisitions, the third quarter was affected by start-up costs for the new warehouse structure in Germany and expenses incurred in relation to the resignation of a member of the Management Board. The result in the fourth quarter of 2016/17 suffered from one-off expenses in a high 2-digit range, which were related to the demerger. Earnings contributions from real estate transactions amounted to €58 million (2016/17: €60 million). EBITDA amount to €−5 million (2016/17: €−73 million).