Financial position
| 2019 | 2018 | |
| Liquid asset, €m | 169.0 | 249.6 |
| Interest-bearing net debt excluding lease liabilites, €m | 446.1 | 161.6 |
| Lease liabilities, €m | 2,422.2 | 2,289.0 |
| 2019 | 2018 | |
| Capital expenditure, €m | 686.1 | 417.6 |
| Capital expenditure,% net sales | 6.4 | 4.0 |
| Cash flow from operating activities, €m | 893.1 | 748.4 |
| Cash flow from investing activities, €m | -620.3 | -373.3 |
Kesko has no outstanding bonds.
