Kesko’s sales grew in October

The sales of Kesko Group’s continuing operations in October 2018 totalled €947.6 million, representing an increase of 6.1% in comparable terms. The reported sales from continuing operations increased by 5.5%. The month had one wholesale selling day more than the year before.

"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 new WLTP emissions testing in Europe," says Mikko Helander, Kesko’s President and CEO.

Sales in the grocery trade totalled €471.1 million in October, an increase of 7.6% in comparable terms. Sales grew in all chains. Reported sales in October grew by 4.8%.

Sales in the building and technical trade totalled €407.7 million in October, an increase of 7.5% in comparable terms in local currencies. Comparable sales in the building and technical trade excluding the speciality goods trade grew by 8.2% in local currencies. Sales in Finland grew by 11.4%, while sales elsewhere increased by 5.6%. Sales in the speciality goods' leisure trade decreased by 0.6%, and sales in the machinery trade grew by 1.3% in comparable terms. Reported sales in the building and technical trade increased by 9.4%.

Sales in the car trade totalled €68.7 million in October, a decrease of 8.2%.

Kesko Group's sales in euros, excluding VAT, in October 2018:

  October 2018 Comparable
  € million  Change, %  change, %
Grocery trade, total 471.1 +4.8 +7.6
Building and technical trade, Finland 195.9 +9.4 +9.8
Building and technical trade, other countries  211.8 +9.4 +5.4
Building and technical trade, total 407.7 +9.4 +7.5
Car trade, total 68.7 -8.2 -8.2
Common functions and eliminations 0.1    
Grand total 947.6 +5.5 +6.1
       
Finland, total 735.8 +4.5 +6.3
Other countries, total 211.8 +9.4 +5.4
Grand total 947.6 +5.5 +6.1

Kesko Group's sales in euros, excluding VAT, in January-October 2018:

  1.1.-31.10.2018 Comparable
  € million  Change, %  change, %
Grocery trade, total 4,458.6 +2.0 +5.5
Building and technical trade, Finland 1,732.9 -11.5 +4.3
Building and technical trade, other countries  1,826.0 -1.6 +0.3
Building and technical trade, total 3,558.9 -6.7 +2.2
Car trade, total 787.0 +0.5 +0.5
Common functions and eliminations 1.1    
Grand total 8,805.6 -1.8 +3.6
       
Finland, total 6,979.6 -1.8 +4.5
Other countries, total 1,826.0 -1.6 +0.3
Grand total 8,805.6 -1.8 +3.6

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 and by including in the sales those stores formerly belonging to Suomen Lähikauppa which have belonged to the network 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 2017 and 2018. On 16 February 2018, we announced we would be discontinuing our building and home improvement trade operations in Russia: these are reported as discontinued operations and are not included in the sales figures for continuing operations presented in this release.

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 and Gipling AS in the building and technical trade.

In October 2018, the number of Kesko's wholesale selling days in Finland was 23, which is one wholesale selling day more than the year before. January-October 2018 had one more selling day than the corresponding period in 2017.  

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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