(MENAFN) German retail giant Metro AG registered a 4 percent decline in its yearly sales to USD80 billion, largely due to a strong euro and divestments, AFP reported.
However, the group said it would still meet its pre-tax operating profit forecast of USD2.23 billion for its 2013-2014 financial year, providing the full details on December 16.
Metro said in a statement that it also logged a drop of sales at its Metro Cash & Carry hypermarkets, its Real supermarkets, and its online retail units Media Markt and Saturn all.
But the 19 percent decline reported at the Metro's Real unit was in large attributed to the sale of its eastern European operations to the French group Auchan, it said.
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