Kesko’s sales in January

The sales of Kesko Group’s continuing operations in January 2019 totalled €809.2 million and were at the previous year's level in comparable terms. The change in reported sales from continuing operations was -0.7%.

"Sales grew in the grocery trade and in the building and technical trade. In the car trade, sales decreased due to the implementation of the WLTP emissions testing and the resulting delays in car deliveries," says Mikko Helander, Kesko’s President and CEO.

Sales in the grocery trade totalled €418.9 million in January, an increase of 2.8% in comparable terms. Sales development was good in all chains. Reported sales in January grew by 0.9%.

Sales in the building and technical trade totalled €317.6 million in January, an increase of 4.2% in comparable terms in local currencies. Comparable sales in the building and technical trade excluding the speciality goods trade grew by 2.7% in local currencies. Sales in Finland grew by 3.9% and sales elsewhere by 1.6%. Sales in the speciality goods' leisure trade increased by 21.7%, while sales in the machinery trade grew by 30.2% in comparable terms. Reported sales in the building and technical trade increased by 6.3%.

Sales in the car trade totalled €73.0 million in January, a decrease of 27.1%.

Kesko Group's sales in euros, excluding VAT, in January 2019:

January 2019 Comparable
€ million Change, % change, %
Grocery trade, total 418.9 +0.9 +2.8
Building and technical trade, Finland 159.5 +5.4 +5.7
Building and technical trade, other countries 158.0 +7.2 +2.7
Building and technical trade, total 317.6 +6.3 +4.2
Car trade, total 73.0 -27.1 -27.1
Common functions and eliminations -0.2
Grand total 809.2 -0.7 -0.5
Finland, total 651.2 -2.4 -1.2
Other countries, total 158.0 +7.2 +2.7
Grand total 809.2 -0.7 -0.5

Change, % indicates the change when compared to the corresponding period of the previous year. The comparable change % has been calculated for the grocery trade by excluding the impact of acquisitions and divestments carried out in 2018 and by including in the sales those stores formerly belonging to Suomen Lähikauppa which have been operating under the retailer model in both years. The comparable change % for the building and technical trade has been calculated in local currencies and excluding the impact of acquisitions and divestments made in 2018.

The reported sales for Kesko Group’s continuing operations include the acquisitions carried out in 2018, which are Reinin Liha and Kalatukku E. Eriksson in the grocery trade and Skattum Handel AS, Gipling AS and 1A Group in the building and technical trade.

In January 2019, the number of Kesko's wholesale selling days in Finland was 22, which equals the number of wholesale selling days the year before.

Kesko publishes advance information on K Group's retail sales quarterly in connection with interim reports.

Further information is available from Vice President, Group Controller Eva Kaukinen, tel. +358 105 322 338.

Kesko Corporation

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