Increase 1.9% in 2024 consolidated net sales of METRO AEBE reaching 1.62 billion euros. According to the announcement, the company is steadily proceeding with its strategic development with investment EUR 95 million, focusing on the growth of its network, to which 26 new stores were added in 2024.
Metro has a significant socio-economic footprint in the country. It employs more than 11,000 employees, and the amount of fees and benefits exceeds € 227 million, up EUR 19 million compared to the previous year. At the same time, its contribution to the national economy through direct and indirect taxes reached € 108.2 million. Continuing legislative interventions in commercial policy, the impact of the climate crisis and the increased operating costs of energy, fuel, rent and interest rates had, according to the company, impact on the company’s profitability, despite significant investments in network development, energy saving and technology.
Particular emphasis was placed on the constant maintenance of low prices and the company’s strategic decision to support its employees with significant increases in pay and benefits by further enhancing the company’s socio-economic footprint. Profits before tax and interest tax (EBITDA) amounted to EUR 75.0 million versus EUR 77.2 million in 2023 (2.8%decrease). Earnings before tax amounted to EUR 23.0 million versus EUR 31.4 million last year (26.7% decrease). Earnings before tax accounts for 1.4% of net sales.
Investments for 2024 amounted to EUR 47 million with the highest percentage absorbed to grow the network.
The turnover for 2025 is estimated to be € 1.7 billion, with profitability improvement. Metro SA has designed and implemented an ambitious, long -term investment plan with the highest percentage committing to the creation of new stores throughout Greece. Investments for 2025 are expected to exceed 95m euros
The My Market network will increase in the coming years through targeted organic development and especially in My Market Local development. Metro Cash & Carry are in further penetration into Ho.re.ca businesses, expecting a positive impact on the financial results of the chain. In the supply chain, the company focuses its attention on the new distribution center to create in Aspropyrgos.
My market is steadily rising, increasing sales and chain share that invests in its organic growth, and for 2025 it has planned to open 3 new stores while implementing a dynamic renovation plan in 9 additional stores. The chain today has 270 stores, 43 of which are Mymarket Local.
My Market Local is steadily gaining interest in new investors and are sufficiently growing in accordance with corporate targets. Sales growth rate is greater than 40%, while 35% of stores exceed the high Business Plan scenario in less than 13 months of operation.
With this business model, the company essentially supports the growth of small and medium -sized enterprises. In 2025 a total of 33 new stores will be added to the chain network and at the end of the year the My Market Local will be 70 Subsections, 14 of which will be in Thessaloniki. The development plan of the year also includes tourist areas such as selected tourist islands.
In 2024 Metro Cash & Carry maintained a leadership position in organized wholesale, with a 50% share of a share and the chain is steadily investing in its penetration into Ho.re.ca.
The eshop.metrocasandcarry.gr online store has been established and is constantly gaining the acceptance of the public. Today, Eshop’s participation in all chain sales has reached 9.5%, showing a 40% increase in turnover and orders compared to the previous year and a 60% increase in organic visits.
In the 5 years of operation, Metro’s investment in Cyprus has matured and continues to perform positively. In 2024, sales increased by 11% compared to 2023 as more and more professionals trust Best Value as the one stop shopping for their purchases. The new store in the city of Nicosia, size of 3,300 sqm, is already under construction and will further enlarge the Metro footprint in the country.