METRO AG (XTER:B4B)

€ 5 -0.06 (-1.19%) Market Cap: 1.82 Bil Enterprise Value: 4.54 Bil PE Ratio: 5.16 PB Ratio: 1.05 GF Score: 65/100

Q3 2020 Metro AG Earnings Call Transcript

Aug 06, 2020 / 06:45AM GMT

Release Date Price: €8.19 (+2.74%)

Transcript

Operator

Ladies and gentlemen, thank you for standing by. Welcome, and thank you for joining the Q3 2019-2020 results presentation. (Operator Instructions)

I would now like to turn the conference over to Olaf Koch, CEO. Please go ahead.

Olaf G. Koch

Metro AG - Chairman of the Management Board & CEO

Yes. Thank you, and good morning, everyone, and thank you for joining in our Q3 results call. As always, please take kindly note of the disclaimer and notes.

And then, let me get started, talk about a quarter, which I think was without any precedence. This is not unique to METRO. This is true for everyone right now throughout the world. And we shared with you our belief and our conviction that we need to follow a 3-pillar strategy: protect, preserve and grow. And protect was of highest priority, as we wanted to make sure that everyone at METRO understands that we will take care about them, making sure that it's a safe place to work. And now for our partners and our customers, it is also the place that they would prefer to go. As a result, we've seen a

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