Kesko Group: H1-2022 Financial Report

Kesko / FI. (kkc) The best Q2 result in the company’s history Finland’s Kesko Group announced with its Half Year Financial Report 01-06/2022, released some weeks ago. Group net sales in January to June totalled EUR 5,815.8 million (versus EUR 5,527.5 million in H1/2021), an increase of 5.1 percent in comparable terms, reported net sales up by 5.2 percent. Comparable operating profit totalled EUR 379.7 million (versus EUR 335.6 million), up by EUR 44.1 million. Operating profit totalled EUR 382.9 million (versus EUR 333.8 million in H1/2021). Comparable earnings per share EUR 0.71 (versus EUR 0.60 in H1/2021). Reported Group earnings per share EUR 0.71 (versus EUR 0.60 in H1/2021).

Kesko Group’s outlook is given for the year 2022, in comparison with the year 2021. Kesko estimates that its 2022 comparable operating profit will be in the range of EUR 750 – 840 million. Previously, Kesko estimated that its comparable operating profit would be in the range of EUR 730 – 840 million. Outlook assessments are made more difficult by uncertainties related to our operating environment and the overall economy. Key issues include the ongoing war in Ukraine, problems in the European energy markets, accelerating inflation, rising interest rates, and developments in the Covid-19 pandemic.

For additional information please read the Company’s PDF file below (281 KB):


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