German retail and wholesale giant Metro posted a rise in sales boosted by a strong performance from its cash and carry business.

For the year to December 31 sales rose 4% to 51.5m euros while profit before tax and interest increased 31% to 1.17bn euros as its restructuring and expansion programme continued to bear fruit.

The group said international sales jumped 8.4% on the back of “excellent performances” both from Media Markt/Saturn and Metro Cash & Carry, of which the latter increased sales by 5.5% to 24bn euros.

The Real hypermarket unit suffered a decline in sales of 2.1% to 8.2bn euros caused by currency effects in Poland and Turkey.