Metro Update

Metro Group - home to Media Markt and Saturn - have announced their preliminary and unaudited figures for 2009. Revenues in local currency grew by 0.2% to €65.5bn, but in constant currency, revenues declined by 3.6%. For MSH, the announcement said that:

In an overall challenging year, Media Markt and Saturn were able to strengthen their leading market position in Europe. Sales grew by 3.7% to €19.7bn [adjusted for currency, that would have been growth by 5.5%].