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

KESKO

(KESKOB)
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Kesko : sales grew in July

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08/14/2019 | 05:42pm EDT

'Reported sales grew in all divisions in July. Sales performance in the grocery trade and building and technical trade was impacted by the fact that the month had one more wholesale selling day than the year before. In the car trade, the implementation of the WLTP emissions testing, uncertainties regarding car taxation and debate over the choice of motive power continued to decelerate the sales of new cars,' says Mikko Helander, Kesko's President and CEO.

Sales in the grocery trade totalled €467.5 million in July, an increase of 4.5%. Sales development was particularly good in the K-Citymarket chain.

Sales in the building and technical trade totalled €405.1 million in July, an increase of 5.9% in comparable terms in local currencies. Comparable sales in the building and technical trade excluding the speciality goods trade grew by 8.3%. Sales in Finland grew by 4.2% and sales elsewhere by 12.3%. Sales in the speciality goods' leisure trade increased by 7.8%, while sales in the machinery trade decreased by 16.6%. Reported sales in the building and technical trade increased by 11.8%.

Sales in the car trade totalled €75.2 million in July, representing a decrease of 12.0% in comparable terms. Reported sales increased by 0.6%.

Kesko Group's sales in euros, excluding VAT, in July 2019:

July 2019 Comparable
€ million Change, % change, %
Grocery trade, total 467.5 +4.5 +4.5
Building and technical trade, Finland 175.5 +5.3 +4.8
Building and technical trade, other countries 229.6 +17.3 +6.8
Building and technical trade, total 405.1 +11.8 +5.9
Car trade, total 75.2 +0.6 -12.0
Common functions and eliminations -0.2
Grand total 947.7 +7.1 +3.6
Finland, total 718.1 +4.2 +2.7
Other countries, total 229.6 +17.3 +6.8
Grand total 947.7 +7.1 +3.6

Kesko Group's sales in euros, excluding VAT, in January-July 2019:

1.1.-31.7.2019 Comparable
€ million Change, % change, %
Grocery trade, total 3,164.8 +3.0 +4.3
Building and technical trade, Finland 1,195.7 +1.9 +1.8
Building and technical trade, other countries 1,364.0 +11.6 +4.4
Building and technical trade, total 2,559.7 +6.8 +3.1
Car trade, total 498.9 -15.3 -18.0
Common functions and eliminations -2.4
Grand total 6,221.0 +2.7 +1.6
Finland, total 4,857.0 +0.5 +0.8
Other countries, total 1,364.0 +11.6 +4.4
Grand total 6,221.0 +2.7 +1.6

Change, % indicates the change when compared to the corresponding period of the previous year. The comparable change % has been calculated for the grocery trade excluding the impact of acquisitions and divestments completed in 2018, and including in the sales those stores formerly belonging to Suomen Lähikauppa which have been operating under the retailer business model in both years. The comparable change % for the building and technical trade has been calculated in local currencies and excluding the impact of acquisitions and divestments completed in 2018 and 2019.

The reported sales for Kesko Group's continuing operations include the acquisitions completed in 2018 and 2019, which are Reinin Liha and Kalatukku E. Eriksson in the grocery trade, Skattum Handel AS, Gipling AS, 1A Group, Sørbø Trelast AS and Fresks Group in the building and technical trade, and the Volkswagen, Audi and SEAT businesses of Huittisten Laatuauto, LänsiAuto and Laakkonen in the car trade.

In July 2019, the number of Kesko's wholesale selling days in Finland was 23, which is one day more than the year before. January-July 2019 had the same number of selling days as the corresponding period in 2018.

Kesko publishes advance information on K Group's retail sales quarterly in connection with interim reports.

Further information is available from Vice President, Group Controller Eva Kaukinen, tel. +358 105 322 338.

Kesko Corporation

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www.kesko.fi

Disclaimer

Kesko Oyj published this content on 14 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 August 2019 21:41:06 UTC

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Sales 2019 10 824 M
EBIT 2019 463 M
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Debt 2019 2 510 M
Yield 2019 4,36%
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Mikko Matias Helander President & Chief Executive Officer
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