Romania and Greece generate the weakest sales in Eastern Europe for Metro Cash & Carry

Newsroom 11/01/2011 | 13:03

Metro Cash & Carry has reported sales increases for Eastern Europe in 2010. The positive trend continued in Q4 with the exception of Romania and Greece where the sales development “was distinctly weaker”, according to press release of Metro Group. Conversely Russia, Turkey and Ukraine delivered significant sales growth.

Eastern Europe also generated a double digit sales growth for Real but Romania is once again nominated for a poor performance. “Whilst Russian and Turkish sales continued to grow dynamically, the difficult macroeconomic conditions in Romania led to a further sales decline,” reads the press release.

In Eastern Europe, full year sales for Metro Group in 2010 rose by 7.1 percent to EUR 16.9 billion while the group’s total sales went up by 2.6 percent to EUR 67.3 billion. In 2010 Metro Group opened 38 new Metro Cash & Carry units and closed 19. Only two new Real stores were opened while 14 were closed, according to the company.