Investor blogs and podcasts

Kesko will publish its Q3 interim report on Thursday, 26 October 2023, at around 8.00 am Finnish time. An English audiocast/teleconference for investors and analysts will be held at 9.00 am Finnish time.    

Below is a recap of key events and investor materials for the quarter. 

NEWS, FINANCIALS AND SHARES

• Kesko’s Q3 roadshow presentation for investors (presentation)
  
  

SALES DEVELOPMENT

• Kesko’s sales in July. (release)

• Kesko’s sales in August. (release)

Sales figures for September will be released in mid-October.

DIGITALISATION AND CUSTOMER EXPERIENCE

• Kesko launched K-Citymarket.fi, a new online store for home and speciality goods that focuses on providing a great customer experience with a multichannel approach. (release)
  
  

SUSTAINABILITY

• Ribbons sold in K Group stores helped raise over 264,000 euros for Ukrainian families that have fled the war in Ukraine to Finland. (release)
  
  

GROCERY TRADE

• Kesko continues investing in updating its network of grocery store sites, upgrading existing stores and opening new ones. Hypermarkets have a crucial impact on the profitability and market share of Kesko’s grocery store business, and the company is set to open multiple new K-Citymarket hypermarkets in Finnish growth centres in upcoming years. (release) 

• One of the new hypermarkets will be located in Finland’s fourth largest city Vantaa in the Helsinki metropolitan area. The new 7,000 square-metre K-Citymarket is set to open in early spring 2026. (release) 
  
  

BUILDING AND TECHNICAL TRADE

• Kesko will expand building and home improvement trade operations to Denmark by acquiring 90% of Davidsen, the third biggest operator in the Danish building materials market. The total Danish market is estimated to amount to €5.7 billion, and Kesko aims to grow in Denmark both organically and via further acquisitions. (materials related to the acquisition and investor blog post with Q&A)

• Kesko also acquired Geitanger Bygg AS in Norway’s second biggest city Bergen. (list of acquisitions and divestments)

• Kesko will concentrate its building and home improvement trade operations in Sweden under the K-Bygg chain, and will increasingly focus on serving building professionals alongside consumers. (release)
  
  

CAR TRADE

• Kesko expands its K-Lataus EV charging network further, focusing on high-power charging (HPC). The number of K-Lataus charging stations will grow to 300 by the end of this year, with 400 new HPC points. In the first half of 2023, the K-Lataus customer base grew by over 70%, and the amount of electricity charged was more than double that of full-year 2021. (release)

   

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