Metro International, the publisher of free newspapers across the world, has reported another poor set of financial results. Total net sales in the third quarter decreased by 14% to €57m (£45m) and the operating losses amounted to €13.4m (£10.6).
These results mean that over the first nine months of this year Metro Int has seen operational sales fall by 9%. It means that the company will not break even this year, says its president and chief executive Per Mikael Jensen. He points to "the current uncertainty in the global economy which impacts the outlook for the advertising markets in the fourth quarter."
The company publishes the Metro title in over 150 major cities in 20 countries across the globe (though not in Britain).
