Unlock stock picks and a broker-level newsfeed that powers Wall Street.
Kesko's sales increased in September

KESKO CORPORATION STOCK EXCHANGE RELEASE 14.10.2016 AT 09.00 1(2)

Kesko`s sales increased in September

Kesko Group`s sales in September 2016 totalled €966.3 million and were up 32.5%. In comparable terms, sales increased by 3.6% in local currencies, excluding the impact of Suomen Lähikauppa and Onninen.

"Kesko`s sales continued to grow in September. Comparable sales, too, increased in all divisions," says Kesko`s President and CEO Mikko Helander.

The sales of the grocery trade in September were €456.0 million and increased by 17.5%. Suomen Lähikauppa excluded, the sales of the grocery trade were €392.2 million, representing a comparable change of +0.9%.

The sales of the building and technical trade in September were €437.2 million, up 54.5%. Excluding Onninen, the sales of the building and technical trade were €290.1 million, up 2.7% in local currencies. In Finland, sales excluding Onninen were up by 1.4%. Outside Finland, sales excluding Onninen increased by 4.1% in local currencies. The sales of the building and home improvement trade increased by 5.5% in local currencies. The sales of the leisure trade increased by 14.3% in Finland and the sales of the agricultural and machinery trade were down by 8.7%.

The sales of the car trade in September were €74.0 million, up 29.1% from the previous year.

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

September 2016

Comparable

€ million

Change, %

change, %

Grocery trade, total

456.0

+17.5

+0.9

Building and technical trade, Finland

222.5

+50.5

+1.4

Building and technical trade, other countries

214.7

+58.9

+4.1

Building and technical trade, total

437.2

+54.5

+2.7

Car trade, total

74.0

+29.1

+29.1

Common functions and eliminations

-0.8

Grand total

966.3

+32.5

+3.6

Finland, total

742.2

+26.4

+3.3

Other countries, total

224.1

+57.3

+5.1

Grand total

966.3

+32.5

+3.6

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

1.1. - 30.9.2016

Comparable

€ million

Change, %

change, %

Grocery trade, total

3,852.4

+11.1

+0.2

Building and technical trade, Finland

1,601.5

+16.6

+0.8

Building and technical trade, other countries

1,455.6

+21.6

+5.7

Building and technical trade, total

3,057.2

+18.9

+3.1

Car trade, total

644.4

+9.8

+9.8

Common functions and eliminations

-5.5

Grand total

7,548.5

+13.9

+2.0

Finland, total

6,010.5

+12.2

+0.8

Other countries, total

1,538.0

+20.9

+6.9

Grand total

7,548.5

+13.9

+2.0

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.