Kesko's sales increased in May

KESKO CORPORATION STOCK EXCHANGE RELEASE 14.06.2016 AT 09.00 1(2)

Kesko`s sales increased in May

Kesko Group`s sales in May 2016 totalled €841.0 million and were up 13.2%. In comparable terms, sales increased by 5.2% in local currencies, excluding the impact of Suomen Lähikauppa.

"In May, Kesko`s sales increased in all strategic growth areas, i.e. the grocery trade, the building and home improvement trade and the car trade," says Kesko`s President and CEO Mikko Helander.

The sales of Kesko`s grocery trade in May were €465.6 million and increased by 23.1%. Suomen Lähikauppa excluded, the sales of the grocery trade were €391.6 million, representing a comparable change of +4.2%. There were two delivery days more than in the previous year.

The sales of the home improvement and speciality goods trade in May were €305.9 million, up 6.8% in local currencies. In Finland, sales grew by 4.6%. Outside Finland, sales increased by 9.1% in local currencies. The sales of the building and home improvement trade increased by 6.4% in local currencies. The sales of the leisure trade increased by 12.9% in local currencies and the sales of the agricultural and machinery trade by 9.0%.

The sales of the car trade in May were €70.7 million, up 8.2% from the previous year.

Kesko Group`s sales in euros, excluding VAT, in May 2016:

May 2016

Comparable

€ million

Change, %

change, %

Grocery trade, total

465.6

+23.1

+4.2

Home improvement and speciality goods trade, Finland

159.9

+4.6

+4.6

Home improvement and speciality goods trade, other countries

146.0

+1.2

+9.1

Home improvement and speciality goods trade, total

305.9

+2.9

+6.8

Car trade, total

70.7

+8.2

+8.2

Common functions and eliminations

-1.2

Grand total

841.0

+13.2

+5.2

Finland, total

685.2

+16.4

+4.3

Other countries, total

155.7

+1.1

+10.2

Grand total

841.0

+13.2

+5.2

Kesko Group`s sales in euros, excluding VAT, in January-May 2016:

1.1. - 31.5.2016

Comparable

€ million

Change, %

change, %

Grocery trade, total

1,989.6

+5.6

-0.1

Home improvement and speciality goods trade, Finland

749.4

-5.9

+0.7

Home improvement and speciality goods trade, other countries

583.9

-1.4

+6.4

Home improvement and speciality goods trade, total

1,333.3

-4.0

+3.2

Car trade, total

377.0

+9.0

+9.0

Common functions and eliminations

-1.8

Grand total

3,698.2

+2.2

+1.8

Finland, total

3,069.8

+2.8

+0.6

Other countries, total

628.4

-0.6

+8.3

Grand total

3,698.2

+2.2

+1.8

Change, %, indicates the change compared to the corresponding period of the previous year. Comparable change, %, indicates the change compared to the corresponding period of the previous year in local currencies and excluding the impact of acquisitions and disposals.