Future outlook
Stock exchange release 25 April 2022
Kesko Corporation issues a positive profit warning due to better-than-anticipated market development in building and technical trade
Kesko raises its profit guidance for 2022. Kesko now estimates that its comparable operating profit in 2022 will be in the range of €730–840 million. Before, the company estimated that the comparable operating profit would be in the range of €680–800 million. In 2021, Kesko’s comparable operating profit totalled €775.5 million.
Guidance upgrade rationale
Kesko has become the leading operator in Northern European building and technical trade. Successful strategic choices, including increased focus on B2B trade, improve our profitability. Demand in building and technical trade is expected to continue to be stronger than previously anticipated especially in B2B trade. In addition to strong demand, profit is expected to increase due to stronger-than-anticipated rise in prices.
In grocery trade, performance is expected to stay good. In particular, sales development and profit for Kespro’s foodservice business are expected to be stronger than previously anticipated.
The result for the first quarter of 2022 was also better than anticipated and better than the year before. The preliminary net sales for the first quarter of 2022 totalled approximately €2,707 million (Q1/2021: €2,539.4 million) and the comparable operating profit approximately €144 million (Q1/2021: €116.2 million). Profitability improved due to the good result in building and technical trade. Kesko will publish its first-quarter results on 29 April 2022.
Assessments for outlook and predictions for demand are made more difficult by uncertainties related to geopolitics, overall economic development, inflation, and the availability of goods, as well as by the Covid-19 pandemic.
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Archive of future outlooks
Stock exchange release 25.4.2022
Financial statements release 2021
Interim report 1.1.-30.9.2021
Stock echange release 14.10.2021
Interim report 1.1.-30.6.2021
Stock exchange release 14.6.2021
Interim report 1.1.-31.3.2021
Stock exchange release 15.4.2021
Financial statements release 2020
Interim report 1.1.-30.9.2020
Stock exchange release 17.9.2020
Half year financial report 2020
Stock exchange release 10.7.2020
Interim report 1.1.-31.3.2020
Stock exchange release 18.3.2020
Financial statements release 2019
Interim report 1.1.-30.9.2019
Half year financial report 2019
Interim report 1.1.-31.3.2019
Financial statements release 2018
Interim report 1.1.-30.9.2018
Half year financial report 2018
Interim report 1.1.-31.3.2018
Financial statements release 2017
Interim report 1.1.-30.9.2017
Half year financial report 2017
Interim report 1.1.-31.3.2017
Financial statements release 2016
Interim report 1.1.-30.9.2016
Half year financial report 2016
Stock exchange release 1.6.2016
Interim report 1.1.-31.3.2016
Stock exchange release 12.4.2016
Financial statements release 2015
Interim report 1.1.-30.9.2015
Interim report 1.1.-30.6.2015
Interim report 1.1.-31.3.2015
Stock exchange release 16.3.2015
Financial statements release 2014
Interim report 1.1.-30.9.2014
Interim report 1.1.-30.6.2014
Interim report 1.1.-31.3.2014
Financial statements release 2013
Interim report 1.1.-30.9.2013
Interim report 1.1.-30.6.2013
Interim report 1.1.-31.3.2013
Financial statements release 2012
Interim report 1.1.-30.9.2012
Interim report 1.1.-30.6.2012
Interim report 1.1.-31.3.2012
Financial statements release 2011
Interim report 1.1.-30.9.2011
Interim report 1.1.-30.6.2011
Interim report 1.1.-31.3.2011
Financial statements release 2010
Interim report 1.1.-30.9.2010
Interim report 1.1.-30.6.2010
Interim report 1.1.-31.3.2010
Financial statements release 2009
Interim report 1.1.-30.9.2009
Interim report 1.1.-30.6.2009
Interim report 1.1.-31.3.2009
Financial statements release 2008
Interim report 1.1.-30.9.2008
Interim report 1.1.-30.6.2008
Interim report 1.1.-31.3.2008
