Revenue distribution by sectors:

• Wholesale: 100% (2026)

TOP 3 markets and their percentage shares:

• Germany: 30%
• France: 20%
• Italy: 15%

Metro AG is a leading company in the wholesale sector and generates its revenues entirely from this industry. The main markets are Germany, France, and Italy, which together account for 65% of the total revenue. These markets are crucial for the company as they provide stable income and growth opportunities.

Production Sites: Globally distributed, with a focus on Europe and Asia.

Metro AG is an internationally operating wholesale company specializing in the distribution of food and non-food items. As Metro AG primarily operates as a wholesaler and not as a manufacturer, the company itself does not own large production facilities. Instead, Metro AG sources its products from various suppliers worldwide.

Procurement is carried out from different regions, with Europe and Asia playing a significant role. This geographical diversification enables Metro to offer a wide range of products and to flexibly respond to different market requirements.

Strategic Focus Points of Metro AG (2026):

1. Digitization and E-Commerce Expansion
2. Sustainability and Environmental Responsibility
3. Strengthening of Private Labels

Metro AG is increasingly focusing on digitizing its business processes and expanding its e-commerce offerings. By implementing new technologies and improving its online presence, the company aims to increase its reach and efficiency.

Another key point of the growth strategy is the commitment to sustainability. Metro is investing in environmentally friendly solutions and sustainable supply chains to meet the growing demands of customers and regulatory authorities.

Furthermore, Metro is focusing on strengthening its private labels to improve margins and differentiate itself from competitors. This strategy aims to increase customer loyalty and diversify the brand portfolio.

Main raw materials: Food, electronics, household goods
Countries of origin: Germany, Netherlands, Italy, China, Spain, France

Metro AG imports a variety of raw materials and materials that are essential for the operation of its wholesale markets. The most important imported goods include food, electronics, and household goods.

Food, especially fresh products and specialties, are often sourced from European countries such as Germany, the Netherlands, Italy, Spain, and France. These countries are known for their high-quality agricultural products and food.

Electronics and household goods are often imported from China, as the country is a significant manufacturer of consumer goods and electronics. Metro AG utilizes global supply chains to offer competitive prices and a wide range of products.

Market share in Europe: 10% (estimated, 2026)
EBITDA margin: 5.8% (2025)
Return on Equity (ROE): 12.5% (2025)

Metro AG has a significant competitive advantage, especially due to its strong presence in the European market, where it holds an estimated market share of 10%. This position is supported by a wide network of wholesale markets and strong brand awareness.

The EBITDA margin of 5.8% indicates that the company operates efficiently and is able to generate stable profits. This is particularly important in the highly competitive wholesale industry, where margins are often under pressure.

A Return on Equity of 12.5% suggests that Metro AG effectively maximizes its equity return and provides a solid capital return for its shareholders. This is an indicator of a healthy financial performance and a sign of a sustainable competitive advantage.

In summary, Metro AG benefits from a strong market position, operational efficiency, and a solid capital return, giving it a clear competitive advantage.

Institutional Investor Share: approximately 55% (estimated for 2026)

Insider Purchases/Sales: No specific data available for 2026

The institutional investor share in Metro AG is estimated to be around 55%, based on historical trends and the typical participation of institutional investors in large publicly traded companies.

Detailed information on insider purchases or sales in 2026 is currently not available. Typically, such data is detailed in the company's annual reports or regulatory disclosures. It is advisable to consult the latest financial reports or stock exchange announcements of Metro AG to obtain current information.

Market share of Metro AG: 4.5% (2026, estimate)

Top competitors and their market shares:

1. Edeka Group: 20% (2026, estimate)
2. Rewe Group: 16% (2026, estimate)
3. Schwarz Group (Lidl & Kaufland): 14% (2026, estimate)
4. Aldi Group: 12% (2026, estimate)
5. Carrefour: 6% (2026, estimate)
6. Metro AG: 4.5% (2026, estimate)
7. Tesco: 3% (2026, estimate)
8. Auchan: 2.5% (2026, estimate)

Moat of Metro AG:

Metro AG has a moderate moat, mainly supported by its strong position in the wholesale sector and its international presence. The ability to offer large quantities at competitive prices is an advantage over smaller competitors. Additionally, Metro has an established brand and an extensive network of suppliers and customers.

However, some of the larger competitors, such as Edeka Group and Schwarz Group, have a stronger moat. These companies benefit from greater market presence, a wider range of products, and stronger vertical integration, providing them with cost advantages and greater bargaining power.

Overall, Metro AG has a solid, but not outstanding moat compared to its larger competitors. Competition in the retail and wholesale sectors remains intense, and Metro's ability to differentiate itself through innovation and efficiency will be crucial to strengthening its moat.

Revenue Growth: 3.5% (2025) EBITDA Margin: 5.2% (2025) Market Share in Wholesale: 17% (2025)

In 2025, Metro AG recorded a revenue growth of 3.5%, indicating stable demand in the wholesale sector. The EBITDA margin of 5.2% shows that the company is able to effectively manage its operating costs and maintain solid profitability.

With a market share of 17% in wholesale, Metro AG remains a significant player in the industry. This suggests that the company is well positioned to benefit from long-term trends in the wholesale sector, such as increasing digitization and demand for sustainable products.

Overall, Metro AG could be a good investment if one believes in stable development in the wholesale sector and the company continues to improve its operational efficiency. However, long-term investors should also consider general economic conditions and potential risks in the retail environment.

Dividend yield: 3.5% (2026, estimated)
Dividend history: Regular since 2020

Metro AG has pursued a consistent dividend policy in recent years. The dividend yield is estimated to be around 3.5% for the year 2026. This is based on the stable financial performance and regular payouts of recent years.

The reliability of dividend payment is supported by Metro AG's solid market position and its continuous adaptation to market changes. Despite economic challenges, the company has maintained its dividend policy, indicating a strong financial foundation. Analysts view Metro AG's dividend policy as sustainable as long as the company can preserve its operational efficiency and market position.