Kesko Group announces 17.5% sales increase in December 2016

Helsinki, 2017-Jan-17 — /EPR Retail News/ — Kesko Group’s sales in December 2016 totalled €918.5 million and were up 17.5%. In comparable terms, sales in local currencies decreased by 3.7%, excluding the impact of business arrangements. There was one delivery day less than in the previous year.

“Kesko’s sales increased in December thanks to acquisitions. The sales performance of the grocery trade and the building and technical trade was weakened by the fact that there was one delivery day less than in the previous year,” says Kesko’s President and CEO Mikko Helander.

The sales of the grocery trade in December were €515.0 million and increased by 6.6%. Suomen Lähikauppa excluded, the sales of the grocery trade in Finland were €450.8 million, representing a comparable change of -4.0%.

The sales of the building and technical trade in December were €336.2 million, up 42.8%. Excluding Onninen, the sales of the building and technical trade were €224.1 million, down 4.0% in local currencies. In Finland, sales excluding Onninen were down by 1.5%. Outside Finland, sales in local currencies excluding Onninen decreased by 6.5%. The sales of the building and home improvement trade decreased by 0.7% in local currencies. The sales of the leisure trade increased by 5.3% in Finland and the sales of the agricultural and machinery trade were down by 13.5%.

The sales of the car trade in December were €67.0 million, up 7.2% from the previous year. AutoCarrera excluded, the sales of the car trade were €62.6 million and the comparable change was +0.2%

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 December 2016, 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-December was one more than in the previous year.

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

Due to change of release categories, effective as of 10 January 2017, Kesko will in the future release its monthly sales figures as a press release instead of a stock exchange release.

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

Source: Kesko Corporation

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