Kesko’s net sales for the first quarter of the year were at the same level as in the previous year, the operating profit increased and the return on capital employed continued to rise.
”Despite intense competition, the grocery trade performance was stable and profitability remained at a good level,” President and CEO Mikko Helander says.
In the home improvement and speciality goods trade, especially the net sales of the B2B trade were clearly on the rise and outside Finland, profitability improved further. In the building and home improvement trade, market share strengthened especially in Finland. In the car trade, net sales increased markedly and profitability remained at a good level.
With Suomen Lähikauppa, Kesko Group’s net sales for the next 12 months are expected to exceed the level of the preceding 12 months. The operating profit excluding non-recurring items for the next 12-month period is expected to equal the level of the preceding 12 months. The outlook does not take account of the acquisition of Onninen, in respect of which estimates will be given in connection with its completion.
Key performance indicators
|Net sales, € million||2,013||2,082|
|Operating profit excl. non-recurring items, € million||32.3||26.5|
|Operating profit, € million||33.5||-103.6|
|Profit before tax, € million||35.7||-103.7|