Sale Of French Electronics Stores Could Be Just The Start Of Restructuring For Metro

The move comes after Metro reported an increase in underlying earnings and sales for the third quarter of its fiscal year, aided by cost savings under its Shape 2012 restructuring programme. In response, the company has increased its full-year earnings forecast. The firm now expects its 2010 earnings before interest and tax to come in at EUR2.3bn, up from its previous forecast of EUR2.2bn. Despite this positive momentum, earnings sales during the quarter increased by just 2.6% (excluding currency effects), well below the company's 6% medium-term

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