Metro AG reports growth for the first quarter

German company Metro AG has announced that sales were up 0.2 percent in the 1st quarter at EUR 10.1 billion; like-for-like sales increased by 0.8 percent. Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 9 percent to reach EUR 608 million. Metro AG president Olaf Koch told: they met the targets set for the 1st quarter of the 2017-2018 fiscal year. Metro’s wholesale business line realised a 1-percent growth in every segment, with the exception of Russia and the domestic market, where the increase was 2.2 percent.