After solid Q2, comprehensive set of COVID-19 related measures initiated, withdrawal of outlook due to noticeable impact of regulatory measures
(WorldNews Europe)

METRO AG (METRO) responds to the Covid-19 pandemic with a comprehensive package of measures and is well positioned to weather the current situation with its decentralized organizational structure and sufficient liquidity reserves. Development of METRO AG`s sales and earnings in H1 19/20 according to preliminary figures are in the guidance range; guidance for FY 2019/20 is withdrawn due to lack of visibility on the duration of government measures SCO business benefits strongly so far (>50%), while the HoReCa business suffers in particular (ca. -75%) Safety and health of employees and customers continue to have top priority Goods supply is assured, almost all stores are open (>95%) Development...