German retailer Metro cuts outlook for Media-Saturn
date:May 09, 2014
in its fiscal second quarter to 4.88 billion euros ($6.79 billion), saying it had been unable to match performance in the previous quarter due to the consistently challenging market environment.

Metro cut its 2013/14 outlook for the unit, saying it now expected earnings before interest and tax (EBIT) before special items to approximately match the prior year's level, compared to a previous forecast for sharply rising earnings.

However, it said the Metro group remained on course to meet its fo
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