Metro International SA reported audited consolidated cash flow results for the nine months ended September 30, 2009. For the period, the company reported net cash used by operations of EUR 14.2 million against EUR 14.7 million a year ago. Investment in property, plant and equipment was EUR 0.4 million against EUR 1.6 million a year ago. Excluding the subordinated debentures as at 30th September 2009 the Group had a positive net cash position of EUR 10.2 million which represents an improvement of EUR 27.9 million and EUR 17.3 million compared to 31st December 2008 and 30th September 2008 respectively. Net debt comprised cash and cash equivalents of EUR 18.8 million, EUR 5.7 million of loans payable to minority shareholders, other short-term bank loans aggregating to EUR 2.7 million. The company expect that the fourth quarter will develop in the same direction as it experienced during the third quarter of 2009. However, the company expecting that the global markets will start to recover during the year 2010 and that this will have a direct positive impact on its business.

Metro International SA reported financial results for the third quarter and nine months ended September 30, 2009. For the quarter, the company's net revenues declined year-on-year by 8% adjusting for currency movements, closed and divested operations. Total net revenues decreased year-on-year by 26% to EUR 42.5 million against EUR 57.0 million a year ago. Operating loss was EUR 4.6 million against EUR 8.7 million a year ago. Total operating loss was EUR 5.1 million against EUR 13.4 million a year ago. Basic and diluted net loss per share was EUR 0.014 against EUR 0.045 a year ago. For the nine months, the company's total net revenues decreased year-on-year by 11% adjusting for currency movements, closed and divested operations. Total net revenues decreased year-on-year by 25% to EUR 158.7 million against EUR 211.9 million a year ago. Operating loss was EUR 12.3 million against EUR 7.0 million a year ago. Total operating loss was EUR 22.8 million against EUR 18.4 million a year ago Net loss was EUR 27.5 million against net profit of EUR 13.8 million a year ago. Basic and diluted net loss per share was EUR 0.048 against basic and diluted net profit per share of EUR 0.031 a year ago.

Metro International SA announced that it has appointed Ms. Maggie Samways to Global Editor-in-Chief and Mr. Jeremy Bryant to Global Director of Logistics. Maggie Samways commenced working for Metro in the United States in 2003. From 2006, she served as Editor-in-Chief for Metro US. Since last year she has managed the central editorial desk in London where she has played an instrumental role in the implementation of the group's new editorial design and development of Metro World News. Jeremy Bryant has been with Metro since 2002 and has held various roles within the distribution function. He has been involved in the launch of a number of Metro's all over the world. In the past five years, he has been responsible for executing and implementing new printing and distribution channels throughout the Group, as well as collaborating on marketing strategies for Metro. Mr. Bryant has had an influential role in development of the Group's unique distribution strategy. Ms. Samways and Mr. Bryant will become part of the Group's management team.