Kesko’s sales in September

The sales of Kesko Group’s continuing operations in September 2018 totalled €852.6 million, representing a decrease of 2.9% in comparable terms. The reported sales from continuing operations decreased by 4.1%. The month had one wholesale selling day less than the year before.

”Sales grew in comparable terms in the grocery trade. The fact that the month had one delivery day less than the year before saw sales decrease in the grocery trade and 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 €434.1 million in September, an increase of 1.1% in comparable terms. Reported sales in September decreased by 1.7%.

Sales in the building and technical trade totalled €369.5 million in September, a decrease of 0.9% in comparable terms in local currencies. Comparable sales in the building and technical trade excluding the speciality goods trade were at last year’s level in local currencies. Sales in Finland grew by 1.4%, while sales elsewhere decreased by 1.1%. Sales in the speciality goods' leisure trade decreased by 4.3%, and sales in the machinery trade decreased by 25.1% in comparable terms. Reported sales in the building and technical trade decreased by 0.8%.

Sales in the car trade totalled €49.0 million in September, a decrease of 34.1%.

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

September 2018 Comparable
€ million  Change, %  change, %
Grocery trade, total 434.1 -1.7 +1.1
Building and technical trade, Finland 179.7 +0.1 +0.4
Building and technical trade, other countries 189.7 -1.6 -2.1
Building and technical trade, total 369.5 -0.8 -0.9
Car trade, total 49.0 -34.1 -34.1
Common functions and eliminations 0.0
Grand total 852.6 -4.1 -2.9
Finland, total 662.8 -4.8 -3.1
Other countries, total 189.7 -1.6 -2.1
Grand total 852.6 -4.1 -2.9

Kesko Group's sales in euros, excluding VAT, in July-September 2018:

1.7.-30.9.2018 Comparable
€ million  Change, %  change, %
Grocery trade, total 1,363.4 +2.9 +6.0
Building and technical trade, Finland 530.6 +2.7 +4.0
Building and technical trade, other countries 587.4 +0.4 +0.2
Building and technical trade, total 1,118.0 +1.4 +2.0
Car trade, total 204.2 -5.6 -5.6
Common functions and eliminations 0.1
Grand total 2,685.7 +1.6 +3.2
Finland, total 2,098.3 +1.9 +4.1
Other countries, total 587.4 +0.4 +0.2
Grand total 2,685.7 +1.6 +3.2

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

1.1.-30.9.2018 Comparable
€ million  Change, %  change, %
Grocery trade, total 3,987.6 +1.7 +5.2
Building and technical trade, Finland 1,537.0 -13.6 +3.6
Building and technical trade, other countries 1,614.2 -2.9 -0.3
Building and technical trade, total 3,151.2 -8.4 +1.6
Car trade, total 718.2 +1.4 +1.4
Common functions and eliminations 1.0
Grand total 7,858.0 -2.6 +3.3
Finland, total 6,243.8 -2.5 +4.3
Other countries, total 1,614.2 -2.9 -0.3
Grand total 7,858.0 -2.6 +3.3

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 September 2018, the number of Kesko's wholesale selling days was 20, which is one day less than the year before. The number of selling days for July-September and January-September equalled those of 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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