Kesko's sales increased in August by 11.4 %
KESKO CORPORATION STOCK EXCHANGE RELEASE 14.09.2011 AT 09.00 1(2)
The Kesko Group's sales in August 2011, excluding VAT, totalled 857.3 million, showing an increase of 11.4%.
In Kesko's food trade, sales in August were 373.0 million, an increase of 11.0% compared to the previous year. Sales to the K-food store chains were up by 13.5%. The sales of Pirkka products to K-food stores increased by 41.7%.
In the home and speciality goods trade, sales in August were 133.7 million, an increase of 1.4% compared to the previous year. The sales of the Asko and Sotka chains and K-citymarket's home and speciality goods increased.
In the building and home improvement trade, sales in August were 271.3 million, an increase of 12.1%. Sales in Finland were up by 14.1%. Sales abroad increased by 10.5% in terms of euros and by 15.0% in terms of local currencies. In Russia, sales increased by 15.2% in terms of euros and by 20.6% in terms of the local currency.
In the car and machinery trade, sales in August were 93.9 million, an increase of 30.1%. VV-Auto's sales in August were 66.1 million, up 33.1%. Konekesko's sales in August were 28.0 million, an increase of 23.6%. Sales development was particularly good in the agricultural machinery trade.
Kesko Group sales in euros, excluding VAT, in August 2011:
| August | 2011 | 1.1. - | 31.8.2011 | |
| million | Change, % | million | Change, % | |
| Food trade, total | 373.0 | 11.0 | 2,751.5 | 6.9 |
| Home and speciality goods trade, total | 133.7 | 1.4 | 943.4 | -0.7 |
| Building and home improvement trade, Finland | 118.7 | 14.1 | 852.8 | 7.0 |
| Building and home improvement trade, other countries | 152.6 | 10.5 | 1,009.7 | 12.1 |
| Building and home improvement trade, total | 271.3 | 12.1 | 1,862.6 | 9.7 |
| Car and machinery trade, total | 93.9 | 30.1 | 836.6 | 20.7 |
| Common operations and eliminations | -14.6 | -110.3 | ||
| Grand total | 857.3 | 11.4 | 6,283.7 | 8.1 |
| Finland, total | 691.0 | 11.3 | 5,177.8 | 7.4 |
| Other countries, total | 166.3 | 11.7 | 1,105.9 | 11.8 |
| Grand total | 857.3 | 11.4 | 6,283.7 | 8.1 |
Change, % indicates the change over the corresponding period of the previous year.
The reporting of the sales and sales adjustments of the foreign operations of the building and home improvement trade has been harmonised, and sales performance has been calculated based on comparable sales figures.
In August 2011, the number of selling days in Kesko's wholesale in Finland was 23, which was one more than in the previous year. The total number of wholesale selling days in January-August was one more than in the previous year. The number of retail selling days in August was 31, which was the same as in the previous year. The total number of retail selling days in January-August was the same as in the previous year.
Kesko releases advance information on the K-Group's retail sales quarterly, in connection with the interim reports.
Further information is available from Vice President, Corporate Controller Eva Kaukinen, tel. +358 1053 22338.
Kesko Corporation
Merja Haverinen
Senior Vice President, Corporate Communications and Responsibility
DISTRIBUTION
NASDAQ OMX Helsinki
Main news media
www.kesko.fi
