Kesko Group’s sales were up 30.5% in March 2017

Helsinki, 2017-Apr-19 — /EPR Retail News/ — Kesko Group’s sales in March 2017 totalled €1,003.8 million, and were up 30.5%. In comparable terms, excluding the impact of business arrangements, sales in local currencies increased by 4.9%. There were two more delivery days than in the previous year.

“Kesko’s sales in March increased in all divisions. Growth was significantly strengthened by the acquisitions of Suomen Lähikauppa, Onninen and AutoCarrera. In March, comparable sales performance as well was good in both the grocery trade, the building and technical trade and the car trade,” says Kesko’s President and CEO Mikko Helander.

The sales of the grocery trade in March were €467.8 million, representing an increase of 13.1%. Excluding the impact of the acquisition of Suomen Lähikauppa, the sales of the grocery trade were €408.6 million, and the comparable change in sales was +1.1%.

The sales of the building and technical trade in March were €453.5 million, up 61.3%. Onninen excluded, the sales of the building and technical trade were €315.5 million, up 10.2% in local currencies. In Finland, sales were up by 8.8% excluding Onninen. Outside Finland, sales in local currencies increased by 12.3% excluding Onninen. The sales of the building and home improvement trade in local currencies were up by 13.3%. The sales of the leisure goods trade in Finland decreased by 5.0%, the sales of the agricultural and machinery trade increased by 9.3% and the sales of the furniture trade were up by 9.9%.

The sales of the car trade in March were €82.8 million, up 10.7% from the previous year. AutoCarrera excluded, the sales of the car trade were €78.5 million, representing a comparable change of +4.9%.

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.

In March 2017, the number of selling days in Kesko’s wholesale in Finland was 23, which was two more than in the previous year. In January-March 2017, the number of selling days in Kesko’s wholesale in Finland was three more than in the previous year.

Kesko releases advance information on K Group’s retail sales quarterly, in connection with interim reports.

Contact:
Vice President
Group Controller
Eva Kaukinen
tel. +358 105 322 338

Source: Kesko Corporation

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