"Metro's best quarter ever!"
Luxembourg, 4th February, 2010 - Metro International S.A. ("Metro International"
or the "Group") (MTROA, MTROB), today announced its financial results for the
fourth quarter ended 31st December 2009. Information was submitted for
publication on 4th February, 2010 at 8:00 A.M. CET.
FOURTH QUARTER HIGHLIGHTS
* Net revenues declined year-on-year by 2 percent in the fourth quarter
adjusting for currency movements, closed and divested operations. Total net
revenues decreased year-on-year by 26 percent to EUR 61.5 million (2008: EUR
83.5 million).
* The total operating profit in the fourth quarter was EUR 9.3 million (2008:
total operating loss of EUR 1.6 million). Excluding closed and divested
operations the operating profit was 9.3 EUR million (2008: operating profit
of EUR 0.9 million).
* The net profit in the fourth quarter was EUR 5.9 million (2008: loss of EUR
9.8 million).
* Operating costs declined year-on-year in the fourth quarter by 13 percent
adjusting for currency movements, closed and divested operations. Costs
incurred at headquarters declined year-on-year by 27 percent.
* The basic net profit per share for the fourth quarter was EUR 0.011 and
diluted profit per share was EUR 0.004 (2008: basic and diluted loss per
share of EUR 0.015).
FULL YEAR RESULTS
* Net revenues decreased year-on-year by 7 percent for the full year adjusting
for currency movements, closed and divested operations. Total net revenues
decreased year-on-year by 25 percent to EUR 220.2 million (2008: EUR 295.5
million).
* The total operating loss for the full year was EUR 13.4 million (2008: loss
of EUR 19.9 million). Excluding closed and divested operations the operating
loss was EUR 3.0 million (2008: loss of EUR 6.0 million).
* The net loss for the full year was EUR 21.7 million (2008: profit of EUR
4.1 million[1]).
* Operating costs for the full year declined by 8 percent adjusting for
currency movements, closed and divested operations. Costs incurred at
Headquarters declined year-on-year by 23 percent.
* The basic and diluted net loss per share for the full year was EUR 0.04
(2008: basic and diluted profit per share of EUR 0.017).
[1] Including profit of EUR 37.3 million on sales of shares in Metro Sweden to
Schibsted and acquisition of 24 Timer from JP/Politiken
Per Mikael Jensen, President and CEO of Metro International, said:"The last
quarter of 2009 proved to be a success for Metro newspapers around the world. We
managed to deliver the highest profits in a single quarter ever, despite the
world economy still recovering from the financial crisis. I am grateful to all
our employees and managers who have proven that Metro's business model is
adaptable to changes in the economic climate. We want to continue to keep costs
low for 2010 whilst working hard to increase revenues. We enter 2010 with a
stronger market position in most of our markets."
CONFERENCE CALL
Metro International will host a conference call today at 10.00 A.M. CET which
will bebroadcast live on the internet and as a conference call.
Participants can take part in the call either through the audiocast or the
conference call.
To view the Internet Audiocast:
A live audiocast of the presentation will be available onwww.metro.lu
<http://www.metro.lu/>, 4th February 2010 at 10.00 A.M. CET.
To participate in the conference call, please dial in on the following numbers:
Sweden Tel: +46 8 505 598 53
UK / International Tel: +44 20 304 324 36
US free phone number Tel: +1 866 458 40 87
Conference call participants can access the presentation slides
onhttp://www.metro.lu/node/79.
For those unable to listen to the live broadcast, a replay will be available at
Metro's websitewww.metro.lu <http://www.metro.lu/> approximately one hour after
the event.
For further information, please visitwww.metro.lu <http://www.metro.lu/> or
contact:
Per Mikael Jensen, CEO and President Tel: +46 8 1205 7000
Anders Kronborg, CFO Tel: +44 79 1254 0800
Linda Fors, Head of IR Tel:+46 704 315 351
DATE OF NEXT REPORT
Metro's financial results for the first quarter ended 31st March 2010 will be
published on 19th April 2010.
METRO INTERNATIONAL S.A ANNUAL GENERAL MEETING 2010
The 2010 Annual General Meeting will be held on 11am, 27th May 2010 in
Luxembourg. Shareholders wishing to have matters considered at the Annual
General Meeting should submit their proposals in writing to agm@metro.lu
<mailto:agm@metro.lu> or the Company Secretary, Metro International S.A. 2-4,
avenue Marie-Therese, L-2132 Luxembourg, Grand Duchy of Luxembourg at least
seven weeks before the Annual General Meeting, in order that the proposal may be
included in the notice to the meeting. Further details on how and when to
register will be published in advance of the meeting.
NOMINATION COMMITTEE FOR THE 2010 ANNUAL GENERAL MEETING
A Nomination Committee of major shareholders in Metro International has been
formed in accordance with the resolution of the 2009 Annual General Meeting, The
Nomination Committee is comprised of Cristina Stenbeck on behalf of Investment
AB Kinnevik, Marianne Nilsson on behalf of Swedbank Robur and Annika Andersson
on behalf of the 4th AP Fund.
Information about the work of the Nomination Committee can be found on Metro
International's corporate website atwww.metro.lu <http://www.metro.lu/>.
Shareholders wishing to propose candidates for election to the Board of
Directors of Metro International S.A. should submit their proposal in writing
toagm@metro.lu <mailto:agm@metro.lu> or to the Company Secretary, Metro
International S.A, 2-4, avenue Marie-Therese, L-2132 Luxembourg, Grand Duchy of
Luxembourg.
[HUG#1380518]
RESULTS FOR THE FOURTH QUARTER AND TWELVE MONTHS ENDED 31st DECEMBER 2009
| Quelle: Metro International S.A.