Kesko Corporation: comparable sales continued to grow

Kesko / FI. (kkc) Sales of Finland’s Kesko Corporation totalled EUR 1,073.7 million in June, representing an increase of 10.4 percent in comparable terms on the previous year. «Kesko’s sales grew by 10.4 percent in comparable terms in June. Sales in the grocery trade division grew by 4.4 percent, with Kespro’s sales strengthening in particular. In the building and technical trade division, sales grew by 15.3 percent in comparable terms, and sales growth continued in all operating countries. In the car trade division, sales growth continued strong and totalled 27.9 percent,» says Kesko’s President and CEO Mikko Helander.

Sales in the grocery trade division totalled EUR 533.7 million in June, up by 4.4 percent. Grocery sales to K-food stores increased by 1.5 percent. Sales also increased in K-Citymarket’s home and speciality goods trade. Kespro’s sales grew by 22.5 percent. Sales in the building and technical trade division totalled EUR 442.6 million in June, an increase of 15.3 percent in comparable terms in local currencies. Sales in the building and technical trade excluding the speciality goods trade grew by 15.9 percent in comparable terms. Sales in Finland grew by 9.0 percent and sales elsewhere by 24.9 percent. In the speciality goods trade, leisure trade sales increased by 0.4 percent. Reported sales in the building and technical trade increased by 1.4 percent. Sales in the car trade division totalled EUR 99.2 million in June, an increase of 27.9 percent. Kesko Group’s sales in June 2021 totalled EUR 1,073.7 million, representing an increase of 10.4 percent in comparable terms.

Kesko Group’s sales in EUR, excluding VAT, in June 2021:

June 2021 Comparable
EUR in million %Change %Change
Grocery trade, total 533.7 +4.4 +4.4
Building and technical trade, Finland 220.9 +7.9 +8.4
Building and technical trade, other countries 221.7 -4.3 +24.9
Building and technical trade, total 442.6 +1.4 +15.3
Car trade, total 99.2 +27.9 +27.9
Common functions and eliminations -1.8
Grand total 1,073.7 +4.9 +10.4
Finland, total 852.0 +7.6 +7.7
Other countries, total 221.7 -4.3 +24.9
Grand total 1,073.7 +4.9 +10.4

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Kesko Group’s sales in EUR, excluding VAT, in April-June 2021:

01.04.-30.06.2021 Comparable
EUR in million %Change %Change
Grocery trade, total 1,487.6 +3.1 +3.1
Building and technical trade, Finland 670.3 +14.7 +15.4
Building and technical trade, other countries 597.7 -7.1 +21.1
Building and technical trade, total 1,268.0 +3.3 +17.7
Car trade, total 295.7 +50.9 +50.9
Common functions and eliminations -5.9
Grand total 3,045.4 +6.4 +12.1
Finland, total 2,447.7 +10.3 +10.5
Other countries, total 597.7 -7.1 +21.1
Grand total 3,045.4 +6.4 +12.1

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Kesko Group’s sales in EUR, excluding VAT, in January-June 2021:

01.01.-30.06.2021 Comparable
EUR in million %Change %Change
Grocery trade, total 2,857.4 +2.9 +2.9
Building and technical trade, Finland 1,206.0 +11.3 +11.5
Building and technical trade, other countries 1,019.5 -12.9 +16.3
Building and technical trade, total 2,225.6 -1.3 +13.4
Car trade, total 560.1 +32.5 +32.5
Common functions and eliminations -11.5
Grand total 5,631.6 +3.5 +9.2
Finland, total 4,612.1 +7.9 +8.0
Other countries, total 1,019.5 -12.9 +16.3
Grand total 5,631.6 +3.5 +9.2

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%Change indicates the change when compared to the corresponding period of the previous year. The comparable %Change has been calculated in local currencies and excluding the impact of Kesko Senukai and acquisitions and divestments completed in 2020.

The reported sales for Kesko Group include the acquisitions and divestments completed in 2020, in accordance with the dates of completion. In 2020, the building and technical trade division completed the acquisitions of Mark + Infra i Sverige, Carlsen Fritzøe Handel, and Bygg + Interiör, and the divestment of Konekesko’s machinery trade operations in the Baltics.

In June 2021, the number of delivery days equalled that of last year in both Kesko’s grocery trade and in building and technical trade in Finland and Sweden. In Norway, there was one more delivery day in June in building and technical trade. In April-June and January-June, the number of delivery days in Kesko’s grocery trade and in building and technical trade in Norway equalled that of last year. In building and technical trade in Finland and Sweden, there was one additional delivery day. Under normal circumstances, one delivery day has an approximately 2-4 percent impact on Kesko’s wholesale, depending on the division. The number or timing of delivery days in the car trade does not have a similar impact on sales.

Kesko Corporation is a Finnish trading sector pioneer. The Corporation operates in the grocery trade, the building and technical trade and the car trade. The divisions and chains act in close cooperation with retailer entrepreneurs and other partners. The chain operations comprise some 1,800 stores in Finland, Sweden, Norway, Estonia, Latvia, Lithuania and Poland. Combining online sales and digital services with our extensive store site network, the Corporation enables a seamless customer experience in all channels. Together, Kesko and K-retailers form K Group, whose retail sales totalled approximately EUR 14 billion in 2020. K Group is the biggest trading sector operator in Finland and one of the biggest Northern Europe. Kesko and K-retailers employ together some 39,000 people (excluding Kesko Senukai, which employs around 8 000 people).