Kesko Group announces 1.3% increase in sales excluding VAT in April 2014

Kesko Group’s sales, excluding VAT, in April 2014 totalled €821.2 million, up 1.3%.

Helsinki, Finland, 2014-5-16 — /EPR Retail News/ — In Kesko’s food trade, sales in April were €388.5 million, an increase of 10.9% compared to the previous year. The fact that Easter fell in March in the previous year affected sales performance.

In the home and speciality goods trade, sales in April were €94.4 million, a decrease of 14.3%. Due to the timing of the Easter holidays, the number of selling days in April was two less than in the previous year. Sales performance was especially impacted by a decline in department store sales.

In the building and home improvement trade, sales in April were €252.9 million, a decrease of 0.5%. In terms of local currencies, sales increased by 3.9%. Sales in Finland decreased by 4.0%. Sales abroad increased by 3.2% in terms of euros and by 12.4% in terms of local currencies. The fact that Easter fell in April had a negative impact on sales performance.

In the car and machinery trade, sales in April were €98.8 million, a decrease of 8.3%. VV-Auto’s sales in April were €68.1 million, down 11.8%. Konekesko’s sales in April were €30.8 million, an increase of 0.6% from the previous year.

Kesko Group sales in euros, excluding VAT, in April 2014:

April 2014 1.1. – 30.04.2014
€ million Change, % € million Change, %
Food trade, total 388.5 10.9 1,403.7 0.0
Home and speciality goods trade, total 94.4 -14.3 409.0 -10.6
Building and home improvement trade, Finland 127.2 -4.0 423.4 1.2
Building and home improvement trade, other countries 125.7 3.2 422.9 4.2
Building and home improvement trade, total 252.9 -0.5 846.3 2.6
Car and machinery trade, total 98.8 -8.3 377.0 4.3
Common operations and eliminations -13.4 -57.2
Grand total 821.2 1.3 2,978.9 -0.5
Finland, total 672.6 0.2 2,477.6 -2.2
Other countries, total 148.7 6.9 501.3 8.8
Grand total 821.2 1.3 2,978.9 -0.5

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

In April 2014, the number of selling days in Kesko’s wholesale in Finland was 20, which was one less than in the previous year. The total number of selling days in January-April was one less than in the previous year. The number of retail selling days in April was 27, which was two less than in the previous year. The total number of retail selling days in January-April was the same as in the previous year.

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

Further information is available from Vice President, Group Controller Eva Kaukinen, tel. +358 105 322 338.

Kesko Corporation

Merja Haverinen
Vice President, Group Communications

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