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MarketScreener Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Kesko Oyj    KESKOB   FI0009000202

KESKO OYJ

(KESKOB)
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Real-time Estimate Quote. Real-time Estimate Tradegate - 05/25 04:47:12 am
14.555 EUR   +0.73%
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Kesko : adjusts its operations due to the coronavirus epidemic

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04/03/2020 | 05:01am EDT

Lay-off measures are estimated to affect approximately 2,000 Kesko employees in Finland - Kesko has managed to significantly reduce the number with employee transfers between units.

Kesko has initiated adjustment measures-related codetermination negotiations due to a reduction in workloads brought on by the COVID-19 coronavirus. In total, some 2,500 Kesko employees working in business operations and support functions are estimated to be affected by various adjustment measures in upcoming months. Of those, lay-off measures will affect some 2,000 employees. In total, Kesko has some 12,000 employees in Finland. Adjustment measures are also taking place in Kesko's operations in Sweden, Norway, Poland and the Baltic countries. Kesko employs some 12,000 people outside Finland.

The adjustment measures will be unit-specific. The maximum duration for the lay-offs is 90 days, and some of the lay-offs will be part-time. In addition to lay-offs, adjustment measures include suspension of recruitment processes, part-time work, and employee transfers between units within the company. The latter measure has been successfully employed to significantly reduce the number of lay-offs.

"The coronavirus epidemic is affecting Kesko's business operations and support functions in different ways. We will be assessing the measures and their duration based on the duration of the epidemic and related restrictions. Under these exceptional circumstances, our main objective is to ensure the safety of our personnel and customers and our business continuity," says Matti Mettälä, EVP, Human Resources, Corporate Responsibility and Regional Relations.

Further information:
Petteri Huovinen, Vice President, K Work and Employment Relations, tel.
+358 50 392 8619
K Group media desk (Mon-Fri 8-16), tel. +358 105 350 200, viestinta@kesko.fi

 

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Main news media
www.kesko.fi 

https://news.cision.com/k-ryhma/r/kesko-adjusts-its-operations-due-to-the-coronavirus-epidemic,c3080871

(c) 2020 Cision. All rights reserved., source Press Releases - English

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Financials (EUR)
Sales 2020 10 521 M
EBIT 2020 422 M
Net income 2020 259 M
Debt 2020 2 805 M
Yield 2020 4,36%
P/E ratio 2020 22,2x
P/E ratio 2021 19,8x
EV / Sales2020 0,81x
EV / Sales2021 0,78x
Capitalization 5 686 M
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Technical analysis trends KESKO OYJ
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TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 5
Average target price 13,65 €
Last Close Price 14,45 €
Spread / Highest target 5,54%
Spread / Average Target -5,54%
Spread / Lowest Target -15,2%
EPS Revisions
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NameTitle
Mikko Matias Helander President & Chief Executive Officer
Esa Mikael Kiiskinen Chairman
Jukka Henrik Erlund Chief Financial Officer & Executive Vice President
Arto Hiltunen Chief Information Officer & Vice President
Toni Pokela Non-Executive Director
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