Kesko opened the eighth K-ruoka store in Russia

KESKO PRESS RELEASE 17.06.2015 AT 13.30  

Kesko today opened a new K-ruoka store at Gostilitskoye Shosse 58 in Peterhof, in the city of St. Petersburg.

The K-ruoka store is the chain's eighth store. It is located on a property owned by Kesko in the north-western part of St. Petersburg and has good traffic connections on the road connecting the ring road to Peterhof. There are around 110,000 residents in the nearby areas of the store.

According to Kari Heiskanen, Kesko Food's Country Director for Russia, the K-ruoka store concept has proved to be very competitive.

- Based on our good experiences, we will continue the implementation of our strategy for Russia, while naturally carefully considering every new capital expenditure.

Pictures in Kesko's material bank: http://aineistopankki.kesko.fi/#1434536909137_3 /Current topics.

Further information is available from Kesko Food's Country Director for Russia, Kari Heiskanen, tel. +7 812 331 7723.

Kesko (www.kesko.fi) is a highly valued listed trading sector company. It manages retail store chains that are valued by customers and efficiently produces services for retail store chains' purchasing, logistics, network development and data management. Kesko operates in the grocery trade, the home improvement and speciality goods trade and the car and machine trade. Its division parent companies and chains act in close cooperation with retailer entrepreneurs and other partners. Kesko has about 2,000 stores engaged in chain operations in Finland, Sweden, Norway, Estonia, Latvia, Lithuania, Russia and Belarus. Kesko and K-retailers form the K-Group, whose retail sales totalled around €11.3 billion (VAT 0%) in 2014. The K-Group employs around 45,000 people.

Besides Finland, Kesko seeks growth particularly in the Russian market. In addition to eight K-ruoka stores, Kesko has 13 K-rauta stores and 19 Intersport stores in Russia. In addition, Konekesko exports Yamarin boats to Russia.