By Ulrike Dauer

FRANKFURT--Germany's Metro AG (MEO.XE) on Tuesday said sales fell in the first quarter of fiscal 2017 due to negative currency effects and soft holiday trading in Germany and several other countries.

For the quarter ended Dec. 31, sales fell 0.6% to EUR17.0 billion from EUR17.1 billion a year earlier, the wholesale and retail company said. The company is in the process of splitting into two entities.

That was shy of a Wall Street Journal poll for a 0.9% increase to EUR17.25 billion.

Write to Ulrike Dauer at ulrike.dauer@wsj.com

(END) Dow Jones Newswires

January 10, 2017 02:18 ET (07:18 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.
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