Crisis erases 30% of METRO's sales per square metre
The METRO group, the leading player in Romanian trade, ended last year with 1.837 billion euros in sales, down 3.5% against the previous year. The crisis is felt even stronger in sales per square metre, which narrowly exceed 5,000 euros, compared with 7,500 euros in 2007, according to ZF calculations.
METRO, present on the Romanian market with Metro Cash&Carry and real,- Hypermarket, having 51 stores in total (minus the four Metro Punct stores that the German group's financial report does not include) failed to match the 2007 performance as far as total sales are concerned, as well - back in 2007 in had over 1.9 billion euros with 14 less stores.
Metro Cash&Carry last year posted 1.137 billion euros in sales, down 7.3%, and real,-'s sales went up 3.4%, to 694 million euros. Moreover, the Germans made over 1,200 people redundant last year, most of them at Real.