Kesko Group comparison figures for 1 Jan. 2022-31 March 2023 under the new segment structure
May 25, 2023 at 01:01 am EDT
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Kesko Group's reportable segments from 1 April 2023 onwards
Kesko changed its division structure and segment reporting as of 1 April 2023. Sports trade is now part of the car trade division, while it previously was part of the building and technical trade division.
Kesko Group's reportable segments are grocery trade, building and technical trade, and car trade. The grocery trade division comprises grocery trade operations conducted under the K-retailer business model, K-Citymarket's non-food sales, and Kespro's foodservice wholesale operations. The building and technical trade division comprises building and home improvement trade and technical wholesale. The division has operations in seven countries. The car trade division comprises car trade and sports trade.
Further information is available from Jukka Erlund, Executive Vice President, Chief Financial Officer, tel. +358 105 322 113, and Hanna Jaakkola, Vice President, Investor Relations, tel. +358 105 323 540.
Kesko Corporation
APPENDIX
Segment data by quarter 1.1.2022-31.3.2023
DISTRIBUTION
Nasdaq Helsinki Ltd
Main news media
www.kesko.fi
Segment data by quarter 1.1.2022-31.3.2023
Net sales by segment, E million
1-3/2022
4-6/2022
7-9/2022
10-12/2022
1-3/2023
Grocery trade
1,382.1
1,551.1
1,573.6
1,617.9
1,495.0
Building and technical trade
1,071.0
1,287.8
1,149.7
1,082.7
1,023.0
Car trade
261.2
276.6
295.6
291.5
316.5
Common functions and eliminations
-6.9
-7.0
-9.1
-8.6
-6.5
Group total
2,707.3
3,108.5
3,009.8
2,983.4
2,828.0
Operating profit by segment, E million
1-3/2022
4-6/2022
7-9/2022
10-12/2022
1-3/2023
Grocery trade
81.4
123.9
133.4
122.8
82.3
Building and technical trade
56.0
109.6
99.3
59.8
29.3
Car trade
15.3
15.1
16.5
17.0
19.7
Common functions and eliminations
-8.1
-10.3
-6.8
-8.5
-8.6
Group total
144.6
238.3
242.4
191.2
122.6
Operating profit by segment, comparable, E million
1-3/2022
4-6/2022
7-9/2022
10-12/2022
1-3/2023
Grocery trade
80.3
123.9
133.4
122.8
83.9
Building and technical trade
56.2
107.2
99.6
60.8
30.0
Car trade
15.3
15.1
16.5
17.5
19.5
Common functions and eliminations
-8.0
-10.3
-6.7
-8.5
-7.5
Group total
143.7
236.0
242.8
192.6
125.9
Operating margin by segment, %, comparable
1-3/2022
4-6/2022
7-9/2022
10-12/2022
1-3/2023
Grocery trade
5.8
8.0
8.5
7.6
5.6
Building and technical trade
5.2
8.3
8.7
5.6
2.9
Car trade
5.8
5.5
5.6
6.0
6.2
Group total
5.3
7.6
8.1
6.5
4.5
EBITDA by segment, comparable, E million
1-3/2022
4-6/2022
7-9/2022
10-12/2022
1-3/2023
Grocery trade
152.7
198.0
209.2
199.7
162.5
Building and technical trade
83.2
134.1
127.2
88.2
58.8
Car trade
27.2
27.2
29.0
29.8
32.0
Common functions and eliminations
0.6
-1.4
1.9
1.0
1.6
Group total
263.7
357.9
367.4
318.8
254.8
Operating profit by segment excluding the impact of IFRS 16, comparable, E million
1-3/2022
4-6/2022
7-9/2022
10-12/2022
1-3/2023
Grocery trade
66.2
110.6
119.9
109.6
70.4
Building and technical trade
51.7
102.8
95.1
56.3
25.3
Car trade
14.6
14.5
15.9
17.0
18.9
Common functions and eliminations
-8.2
-10.6
-7.1
-8.8
-7.9
Group total
124.3
217.3
223.8
174.1
106.8
Capital employed by segment, cumulative average, E million, rolling 12 months
1-3/2022
4-6/2022
7-9/2022
10-12/2022
1-3/2023
Grocery trade
2,167.9
2,211.6
2,281.4
2,353.6
2,422.2
Building and technical trade
1,637.3
1,651.9
1,676.2
1,693.5
1,725.4
Car trade
418.5
413.8
418.8
438.2
463.7
Common functions and eliminations
315.9
311.5
313.7
326.7
335.7
Group total
4,539.7
4,588.8
4,690.1
4,811.9
4,946.9
Return on capital employed by segment, comparable, %, rolling 12 months
1-3/2022
4-6/2022
7-9/2022
10-12/2022
1-3/2023
Grocery trade
20.4
20.7
20.5
19.6
19.2
Building and technical trade
20.0
20.0
19.7
19.1
17.3
Car trade
17.3
16.7
14.9
14.7
14.8
Group total
17.7
17.9
17.6
16.9
16.1
Capital expenditure by segment, E million
1-3/2022
4-6/2022
7-9/2022
10-12/2022
1-3/2023
Grocery trade
83.0
72.6
48.3
53.7
57.3
Building and technical trade
25.9
26.9
24.2
31.3
155.3
Car trade
8.5
13.6
9.7
13.3
13.9
Common functions and eliminations
8.8
11.5
7.6
10.2
5.3
Group total
126.2
124.6
89.9
108.5
231.8
Average number of personnel converted into full-time employees by segment
Kesko Oyj is the leading wholesaler and retailer in Finland. Net sales break down by family of products as follows:
- grocery and convenience goods (53.8%; K-retailer; No. 2 in Finland): owned 1,208 supermarkets and stores under the names K-citymarket, K-supermarket, K-Market, Neste K., etc.;
- building, home improvement, DIY and gardening products (35.6%): building materials, interior design materials, gardening products, household appliances, furniture, etc. distributed via 483 outlets primarily under the Onninen, K-rauta, K-Bygg, Byggmakker, Byggarnas Partner and Carlsen Fritzøe brands;
- automotive (10.6%; K-Auto): cars (Volkswagen, Audi, Seat, CUPRA, Porsche, Bentley and MAN brands), spare parts and original accessories marketed through 49 outlets in Finland. The group also offers leisure and sports goods (owned 62 stores under the Intersport and Budget Sport names).
Net sales are distributed geographically as follows: Finland (82.4%), Nordic countries (13.7%), Baltic countries (1.1%) and other (2.8%).