Metro AG

Not to be confused with Metro Inc. in Canada.

Metro AG
Company typeAktiengesellschaft
FWB: B4B
ISINDE000BFB0019 Edit this on Wikidata
IndustryWholesaling
Founded
  • 1964; 60 years ago (1964) as Metro-SB-Großmarkt GmbH & Co. KG
  • 1996; 28 years ago (1996) as Metro AG
  • 2017; 7 years ago (2017) as Metro AG (new company)
Headquarters
Düsseldorf
,
Germany
Number of locations
626 (2024)
Area served
Europe, Kazakhstan, Pakistan
Key people
  • Steffen Greubel (Chairman)
  • Jürgen Steinemann (Chairman of the supervisory board)[1][2]
ProductsFood and non-food assortments
RevenueIncrease €30.551 billion (2022–2023)[3]
Increase €598 million (2022–2023)[3]
Increase €439 million (2022–2023)[3]
Total assetsDecrease €11.6 billion (2022–2023)[3]
Total equityIncrease €2.022 billion (2022–2023)[3]
Number of employees
91,201 (2022–2023)[3]
Websitewww.metroag.de
Metro AG logo from 2010 until 2016, branded as "Metro Group"

Metro AG is a German multinational company based in Düsseldorf which operates business membership-only cash and carry stores primarily under the Metro brand.[4] As of March 2024, Metro is operating 626 wholesale stores in 21 countries, including Europe, Kazakhstan, and Pakistan.[5]

The company was established in 1964 by Ernst Schmidt and Wilhelm Schmidt-Ruthenbeck. In 2010, it was the fourth-largest retailer in the world measured by revenues, after Walmart, Carrefour and Tesco.[6] Until 2020, it was also active in the general retail business through the Real division, which was sold to an investor consortium. Its current incarnation was launched in 2017 as a spun-off of old Metro AG, which continued to be a consumer electronics retailer and renamed itself Ceconomy.

  1. ^ "Metro AG Management Board". Retrieved 29 June 2021.
  2. ^ "Steffen Greubel Appointed New Chief Executive At Metro AG". European Supermarket Magazine. 9 February 2021. Retrieved 21 December 2021.
  3. ^ a b c d e f "Annual Report 2022/23" (PDF). metroag.de. Retrieved 15 December 2023.
  4. ^ "Contact & Directions". Metro AG. Archived from the original on 10 August 2014. Retrieved 15 June 2014. Metro-Straße 1, 40235 Düsseldorf
  5. ^ "METRO". Metrog-cc.de. Retrieved 29 March 2024.
  6. ^ Switching Channels: Global Powers of Retailing 2012 (Report). Delotte. January 2012. p. G11. Archived from the original on 26 June 2015. Retrieved 15 June 2015.