Kesko's sales increased in May by 12%
KESKO CORPORATION STOCK EXCHANGE RELEASE 15.06.2011 AT 09.00 1(2)
The Kesko Group's sales in May 2011, excluding VAT, totalled 860.4 million, showing an increase of 12%.
In the food trade, sales in May were 353.9 million, an increase of 8.5% compared to the previous year. Sales to the K-food store chains were up by 9.8%. The sales of Pirkka products increased in May by 49.6 %.
In the home and speciality goods trade, sales in May were 119.5 million, an increase of 5.0% compared to the previous year. The sales of all home and speciality goods companies increased, except for those of Musta Pörssi Ltd.
In the building and home improvement trade, sales in May were 284.4 million, an increase of 16.3%. Sales in Finland were up by 14.5%. Sales abroad increased by 17.9% in terms of euros and by 18.5% in terms of local currencies. In the Baltic countries, sales were up by 9.5%. In Russia, sales increased by 16.9% in terms of euros and by 20.7% in terms of the local currency.
In the car and machinery trade, sales in May were 118.3 million, a comparable increase of 27.5%. VV-Auto's sales in May were 81.8 million, up 31.8%. Konekesko's sales in May were 36.5 million, an increase of 2.1%. Sales development was particularly good in the agricultural machinery trade. Konekesko's comparable sales growth was 18.9%.The discontinued Baltic grain and agricultural inputs trade has been eliminated from the comparable sales.
Kesko Group sales in euros, excluding VAT, in May 2011
| May | 2011 | 1.1. - | 30.5.2011 | |
| million | Change, % | million | Change, % | |
| Food trade, total | 353.9 | 8.5 | 1,666.1 | 6.8 |
| Home and speciality goods trade, total | 119.5 | 5.0 | 582.7 | -0.3 |
| Building and home improvement trade, Finland | 133.0 | 14.5 | 533.8 | 8.3 |
| Building and home improvement trade, other countries | 151.4 | 17.9 | 572.4 | 16.5 |
| Building and home improvement trade, total | 284.4 | 16.3 | 1,106.2 | 12.4 |
| Car and machinery trade, total | 118.3 | 20.9 | 518.8 | 18.4 |
| Common operations and eliminations | -15.7 | -70.7 | ||
| Grand total | 860.4 | 12.0 | 3,803.2 | 8.7 |
| Finland, total | 698.0 | 11.4 | 3,191.2 | 7.9 |
| Other countries, total | 162.4 | 15.0 | 611.9 | 12.8 |
| Grand total | 860.4 | 12.0 | 3,803.2 | 8.7 |
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 May 2011, the number of selling days in Kesko's wholesale in Finland was 22, which was two more than in the previous year. The total number of wholesale selling days in January-May was two more than in the previous year. The number of retail selling days in May was 29, which was two more than in the previous year. The total number of retail selling days in January-May was two more than in the previous year.
The sales from operations in Finland presented in this release include the export sales of the companies in Finland (previously exports were included in the sales of other countries). The comparative figures have been restated to reflect the change in presentation.
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
