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Metcash Provides Investor Day, Dividend Policy and Trading Update

16 Mar 2021  |  08:29:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: MTS Investor Day, Dividend Policy and Trading Update

Metcash provided investor day, dividend policy and trading update. Strong sales momentum has continued in all Pillars from a shift in consumer behaviour, improved competitiveness of its retailers, additional investment in shopper retention, and a favourable Christmas/New Year period. Supermarkets sales increased 14.4% vs pcp (10.6% ex tobacco) and includes an increase in the weighting of charge through in the sales mix. The Board will continue to evaluate the appropriate capital structure for the Group while it operate in an uncertain COVID and economic environment.

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