Kesko's sales increased in November

KESKO CORPORATION STOCK EXCHANGE RELEASE 14.12.2015 AT 09.00 1(2)

Kesko`s sales increased in November

Kesko Group`s sales in November 2015 totalled €675.4 million. In comparable terms excluding Anttila, sales increased by 1.7% in local currencies.

"In November, Kesko`s sales increased particularly in Finland in the building and home improvement trade and in sports trade. In the grocery trade, sales were at the level of the previous year and the general decline in prices continued", says Kesko`s President and CEO Mikko Helander.

In Kesko`s grocery trade, sales in November were €378.7 million, an increase of 0.5% in local currencies.

In the home improvement and speciality goods trade, sales in November were €239.1 million, and comparable sales excluding Anttila increased by 6.1% in local currencies. In Finland, comparable sales were up by 8.7%. Outside Finland, comparable sales grew by 3.7% in local currencies. In the building and home improvement trade, sales increased by 6.1% in local currencies.

In the car trade, sales in November were €56.2 million, down 7.3% from the previous year.

Kesko Group`s sales in euros, excluding VAT, in November 2015:

November 2015

Change, %

€ million

Change, %

in local currencies excl. Anttila

Grocery trade, total

378.7

-0.1

+0.5

Home improvement and speciality goods trade, Finland

120.0

-16.1

+8.7

Home improvement and speciality goods trade, other countries

119.1

-4.3

+3.7

Home improvement and speciality goods trade, total

239.1

-10.6

+6.1

Car trade, total

56.2

-7.3

-7.3

Common operations and eliminations

1.4

Grand total

675.4

-4.2

+1.7

Finland, total

547.0

-4.4

+0.7

Other countries, total

128.4

-3.4

+5.8

Grand total

675.4

-4.2

+1.7

Kesko Group`s sales in euros, excluding VAT, in January-November 2015:

1.1. - 30.11.2015

Change, %

€ million

Change, %

in local currencies excl. Anttila

Grocery trade, total

4,250.8

-1.7

-0.9

Home improvement and speciality goods trade, Finland

1,639.3

-12.5

-1.2

Home improvement and speciality goods trade, other countries

1,448.8

-3.5

+5.6

Home improvement and speciality goods trade, total

3,088.1

-8.5

+2.1

Car trade, total

707.7

-3.5

-3.5

Common operations and eliminations

7.6

Grand total

8,054.2

-4.3

0.0

Finland, total

6,512.2

-4.5

-1.8

Other countries, total

1,542.0

-3.4

+7.4

Grand total

8,054.2

-4.3

0.0

Change, %, indicates the change compared to the corresponding period of the previous year.

In November 2015, the number of selling days in Kesko`s wholesale in Finland was 21, which was one more than in the previous year. The total number of selling days in January-November was the same as in the previous year. The number of retail selling days in November was 29, which was one more than in the previous year. The total number of retail selling days in January-November was the same as in the previous year.