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Metro International S.A. is a Luxembourg limited-liability company
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Second Quarter Results Q2 2010
19 July 2010
LUXEMBOURG, 19 JULY 2010 - METRO INTERNATIONAL S.A. ("METRO" OR "THE GROUP") (MTROA, MTROB), TODAY ANNOUNCED ITS FINANCIAL RESULTS FOR THE SECOND QUARTER ENDED 30 JUNE 2010. INFORMATION WAS SUBMITTED FOR PUBLICATION ON 19 JULY 2010 AT 8:00 A.M. CET.
"POSITIVE TREND CONTINUES"
FINANCIAL SUMMARY
| €'000 | Q2 2010 | Q2 2009 | H1 2010 | H1 2009 |
| Net revenue (like-for-like)* | 54,400 | 49,547 | 101,146 | 93,253 |
| Net revenue** | 57,261 | 60,719 | 106,031 | 116,279 |
| EBIT (like-for-like)* | 3,994 | (1,152) | 447 | (7,527) |
| EBIT** | 2,718 | (6,559) | (941) | (21,276) |
| Net profit/(loss) | 476 | (3,657) | (5,364) | (18,935) |
| Basic diluted earnings per share (€) | 0.00 | 0.00 | (0.01) | (0.02) |
HIGHLIGHTS
- Net revenue like-for-like increased by 10 percent to €54.4 million (2009: €49.5 million)
- Net revenue decreased by 6 percent to €57.3 million (2009: €60.7 million)
- EBIT profit like-for-like of €4.0 million (2009: loss of €1.2 million)
- EBIT profit of €2.7 million (2009: loss of €6.6 million)
- Performance was particularly strong in Sweden and Hong Kong with sales growth and improved EBIT
- Metro won the tender for the right to distribute the newspaper in the public transportation system in Hong Kong
- Metro Greece was divested, but the newspaper will continue to be published under a franchise agreement
- In July, Metro's offer to acquire additional interest in the joint venture in Mexico was accepted
CONFERENCE CALL
Metro International will host a conference call today at 10.00 A.M. CET which will be broadcast live on the internet and as a conference call. Participants can take part in the call either through the audiocast or the conference call.
To follow the internet audiocast: A live audiocast of the presentation will be available on www.metro.lu, 19 July 2010 at 10.00 A.M. CET.
To participate in the conference call, please dial in on the following numbers:
| Sweden | Tel: +46 8 505 598 53 |
| UK / International | Tel: +44 20 304 324 36 |
| US free phone number | Tel: +1 866 458 40 87 |
Conference call participants can access the presentation slides on http://www.metro.lu/node/79 .
A re-play will be available at Metro's website www.metro.lu approximately one hour after the event.
For further information, please visit www.metro.lu or contact:
| Per Mikael Jensen, Presidentand CEO | Tel: +46 8 1205 7000 |
| Anders Kronborg, CFO | Tel: +46 8 1205 7000 |
| Linda Fors, Head of Investor Relations | Tel: +46 704 15 95 30 |
DATE OF NEXT REPORT
Metro's financial results Q3 ended 30 September 2010 will be published 18 October 2010.
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ABOUT METRO INTERNATIONAL AND METRO
Metro is the largest international newspaper in the world. Metro is published in over 100 major cities in 19 countries across Europe, North & South America and Asia. Metro has a unique global reach - attracting a young, active, well-educated Metropolitan audience of 17 million daily readers.
Metro International S.A. shares are listed on Nasdaq OMX Stockholm through Swedish Depository Receipts of series A and series B under the symbols MTROA and MTROB.