METRO AEBE, one of Greece’s leading retail and wholesale food distribution companies, reported consolidated net sales of €1.62 billion for 2024, marking a 1.9% year-over-year increase.
The company continues to implement its growth strategy, investing over €95 million over the year, primarily in expanding its store network, which added 26 new locations.
With a workforce exceeding 11,000 employees, METRO’s total compensation and benefits surpassed €227 million in 2024, up €19 million from the previous year. Its contribution to the Greek economy, through direct and indirect taxation, reached €108.2 million.
EBITDA stood at €75.0 million, down 2.8% from €77.2 million in 2023. Pre-tax earnings totaled €23.0 million, a 26.7% decline from the previous year (€31.4 million). Pre-tax profits represented 1.4% of net sales.
Big plans for My market concept
My market retail chain maintained its growth momentum, increasing sales and market share. For 2025, METRO plans to open 3 new stores and renovate 9 existing ones. The chain currently operates 270 stores, including 43 under the My market Local brand.
Sales grew for My market Local by over 40%, with 35% of stores surpassing their high-scenario business targets within the first 13 months of operation. This business model supports the development of small and medium-sized enterprises across Greece.
Looking ahead to 2025, METRO plans to add 33 new stores, bringing the My market Local network to 70 locations, including 14 in Thessaloniki. Expansion will also include tourist destinations and selected Greek islands.
METRO Cash & Carry maintained its leadership in organized wholesale with an estimated market share nearing 50%. In 2024, the e-commerce platform saw a 40% increase in revenue and order volume, along with a 60% rise in organic traffic.
METRO projects turnover will reach €1.7 billion in 2025, with an anticipated improvement in profitability. The company is rolling out a long-term investment strategy, heavily focused on expanding its store network across Greece. Investments are expected to exceed €95 million next year. Also, a new 3,300 sq.m. store is under construction in Nicosia, further strengthening the company’s presence in the Cypriot market.