Kesko Group’s sales increased by 11.0% in April 2017

Helsinki, 2017-May-17 — /EPR Retail News/ — Kesko Group’s sales totalled €900.0 million in April 2017, a growth of 11.0%. In comparable terms, excluding the impact of business arrangements, sales in local currencies decreased by 5.5%. Due to the timing of Easter there were three less delivery days than in the previous year.

Kesko’s sales grew in April. Sales also grew in comparable terms in the grocery trade thanks to successful Easter sales. In the building and technical trade the acquisition of Onninen helped boost sales,” states Kesko’s President and CEO Mikko Helander.

Sales in the grocery trade totalled €431.0 million in April, an increase of 2.9%. Sales in the grocery trade without the impact of the acquisition of Suomen Lähikauppa amounted to €375.1 million, and the comparable development in sales was +2.3%.

Sales in the building and technical trade totalled €399.0 million in April, an increase of 26.5%. Sales in the building and technical trade without Onninen were €277.9 million, down 13.2% in local currencies. There were three delivery days less than in the previous year. In Finland, sales decreased by 17.7%, excluding Onninen. Outside Finland sales were down by 7.2% in local currencies excluding Onninen. Sales in the building and home improvement trade decreased by 12.2% in local currencies. Sales in the leisure trade decreased by 24.8%, agricultural and machinery trade sales declined by 12.6%, and furniture trade sales decreased by 6.9%.

Car trade sales in April were €70.1 million, a decrease of 8.0% compared to the previous year. Car sales without AutoCarrera amounted to €67.3 million and the comparable development was -11.6%.

Change, % indicates the change in 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 excludes the impact of acquisitions and disposals.

In April 2017, the number of Kesko’s wholesale selling days in Finland was 18, which was three less than in the previous year. In January-April 2017, the number of Kesko’s wholesale selling days in Finland was equal to the previous year.

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

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

Source: Kesko Corporation

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