METRO business model is alive!
Metro International, the world's largest publisher of free newspapers, known for inventing the Metro business model, has returned to its operating profit status as of December 2009. My August and October fears were not confirmed.
The situation was corrected only after Metro cut its operating expenses by 13%, selling its assets in the USA, Portugal, Italy and closing it in Spain. I also had to move the headquarters from London to Stockholm. And although the last quarter of last year showed a profit, for the whole year the company remained at a loss.
It is interesting to note that the income from online assets grew by 78%, but still small - only 500 000 €. For reference: last year € 357,000 was spent on the work of Internet assets, plus another 444,000 € per team. In 2009, expenditures in this area were reduced by 14%, but they still came out at the end of the year with expenditures of 4.67 million €.
Nevertheless, the company is not discouraged, because its daily audience is 17 million readers. Special hopes and plans of Metro are connected with Russia and Brazil.
The situation was corrected only after Metro cut its operating expenses by 13%, selling its assets in the USA, Portugal, Italy and closing it in Spain. I also had to move the headquarters from London to Stockholm. And although the last quarter of last year showed a profit, for the whole year the company remained at a loss.
It is interesting to note that the income from online assets grew by 78%, but still small - only 500 000 €. For reference: last year € 357,000 was spent on the work of Internet assets, plus another 444,000 € per team. In 2009, expenditures in this area were reduced by 14%, but they still came out at the end of the year with expenditures of 4.67 million €.
Nevertheless, the company is not discouraged, because its daily audience is 17 million readers. Special hopes and plans of Metro are connected with Russia and Brazil.
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Source: https://habr.com/ru/post/287072/
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