Metro Group reported a sharp decline in net profit by 86.3% to E101m (£86.1m) for the full year ended December 31.

EBIT (before special items) suffered a double-digit decline across all formats with the exception of Galeria Kaufhof and real estate.

Metro Group’s net sales rose 1.2% to E66.7bn (£56.8bn), supported by revenue growth in its Metro Cash & Carry and Media-Saturn stores.

In Germany, sales increased 0.6% to E25.6bn (£21.8bn). International sales climbed 1.6%.