BERTRANGE, Luxembourg, Feb. 11, 2004 (PRIMEZONE) -- Metro International S.A. (``Metro") (MTROA, MTROB), today announced its financial results for the fourth quarter and twelve months ended 31 December 2003.
TWELVE MONTHS ENDED 31 DECEMBER 2003
- 43% year on year increase in net sales to US$ 203.6 million (US$ 142.8 million)
- 83% year on year reduction in operating loss to US$ 10.9 million (US$ 63.2 million)
- 90% year on year reduction in net loss to US$ 6.9 million (US$ 71.9 million)
- Weighted average basic loss per share of US$ 0.03 (US$ 0.66 per share)
FOURTH QUARTER HIGHLIGHTS
- Net profit of US$ 15.5 million (loss of US$ 13.4 million)
- First quarterly net profit since the listing of Metro shares in 2000
- First quarterly operating profit of US$ 11.9 million (loss of US$ 10.5 million)
- US$ 10.7 million profit on sale of minority shareholding in Metro France
- Net sales up 39% year on year to US$ 64.4 million (46.4 million)
- First quarterly combined operating profit of US$ 2.5 million for all 24 non Swedish newspaper editions
- Weighted average basic earnings per share of US$ 0.03 (loss of US$ 0.12)
For further information, please visit www.metro.lu, email info@metro.lu or contact: Pelle Tornberg, President & CEO tel: +44 (0) 20 7016 1300 Matthew Hooper, Investor & Press Relations tel: +44 (0) 20 7321 5010
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