Interim report Q3/2015 (Published on 22 October 2015)
Estimates of the future outlook for Kesko Group's net sales and operating profit excluding non-recurring items are given for the 12 months following the reporting period (10/2015-9/2016) in comparison with the 12 months preceding the reporting period (10/2014-9/2015).
The general economic situation and the expected trend in consumer demand vary in Kesko's different operating countries. In Finland, owing to the decline of consumers' purchasing power, the trading sector's performance is expected to remain weak in all product lines, which may be complicated further by actions taken to balance the public finances. In the Finnish grocery trade, the tough competitive situation is expected to continue. The market performance of the Finnish building and home improvement trade is expected to remain weak. The outlook for the car trade is also uncertain. With respect to foreign countries, the economic situation and consumers' purchasing power, as well as the outlook in Russia have weakened further. Instead, in Sweden and Norway and the Baltic countries, the market is expected to grow.
Kesko Group's net sales for the next 12 months are expected to be lower than 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 operating profit level of the preceding 12 months.
Archive of future outlooks