The Metro and Danone reported results

The third quarter results of the Metro and the Danone are available on the portfolio.hu.

The Metro due to unfavorable currency effects and asset reported a sales decline of 1.1 percent to 14.2 billion euros in reported revenue. However, on a comparable basis, revenues increased by 1.3 percent. On a like-for-like basis, sales grew at its core wholesale and consumer electronics units, by 1.1 percent and 2.9 percent respectively, Metro said in a statement.

Danone reported respectable third-quarter results that put the firm ahead of our full-year revenue forecasts. Third-quarter organic revenue grew 4.6%, roughly in line with the 4.5% increase in the second quarter. The strong currency tailwind from the last quarter has faded, however, and the reported revenue increase was just 4.2%. – the company told. (portfolio.hu)