Kesko ranked 31st on the Global 100 Most Sustainable Corporations in the World list; the only Finnish company included in the list every year

Helsinki, Finland, 2018-Jan-25 — /EPR Retail News/ — Kesko has been ranked 31st on the Global 100 Most Sustainable Corporations in the World list, and as the most sustainable trading sector company in the world. Kesko is the only Finnish company to be included in the list every year since it was established in 2005.

“We at the K Group have always believed in the power of sustainability and have been open-mindedly working towards it for decades. Responsible actions originated with our retailers and our comprehensive corporate responsibility work expanded from there. We wish to make sustainable choices easier for the consumers. We firmly believe that welfare in the society around us also means welfare for the K Group. We highly value this recognition and will continue our determined work towards a better society and better environment”, says Mikko Helander, Kesko’s President and CEO.

The Global 100 list is prepared by the Canada-based Corporate Knights Inc. and it is based on a global evaluation of 5,994 publicly listed companies. Companies were evaluated on a set of up to 17 environmental, social and governance indicators.

The list represents the top companies in the world in terms of sustainability. The 2018 Global 100 list was published today at the World Economic Forum in Davos, Switzerland. Last year, Kesko ranked 25th.

Sustainability demands actions 

In autumn 2017, Kesko rose to the world’s most prestigious sustainability indices, the DJSI World and the DJSI Europe.

Also in 2017, Kesko was the first Finnish company to set science-based targets for reducing the emissions resulting from its facilities, transportation use, and supply chains. To achieve the ambitious emission reduction targets, Kesko is increasing its use of renewable energy while also improving its energy efficiency.

K Group systematically invests in renewable energy. Since the beginning of 2017, all electricity purchased by Kesko in Finland has been renewable. Twenty solar plants are already in operation on K-store rooftops.

K Group promotes circular economy with various actions. For example, inedible food waste is collected from 200 K-food stores and Kesko’s central warehouse and made into biogas, which is then used as energy in the manufacture of new Pirkka products. K Group is constantly developing new operating models for the recycling and reuse of plastics to prevent plastics from ending up in waters and nature.

Further information is available from Matti Kalervo, Vice President of Corporate Responsibility, tel. +358 50 306 4081, matti.kalervo@kesko.fi

The 2018 Global 100 list is available at www.corporateknights.com/global100/

Kesko and K-retailers form K Group, whose sales total over €13 billion. K Group is the third largest retail operator in northern Europe and it employs approximately 45,000 people. Kesko operates in the grocery trade, the building and technical trade and the car trade. Its divisions and chains act in close cooperation with retailer entrepreneurs and other partners. Kesko’s net sales are €10 billion and it employs approximately 28,000 people. Kesko has nearly 2,000 stores engaged in chain operations in Finland, Sweden, Norway, Estonia, Latvia, Lithuania, Russia, Belarus and Poland. Kesko is a listed company and its shares are listed on Nasdaq Helsinki. The company’s domicile and main premises are in Helsinki. www.kesko.fi 

SOURCE: Kesko Corporation

Kesko Group October 2017 sales totalled €912.6 million, an increase of 4.2% in comparable terms

Kesko Group’s sales totalled €912.6 million in October 2017, an increase of 4.2% in comparable terms. Reported total sales decreased by 3.4%.

Helsinki, Finland, 2017-Nov-15 — /EPR Retail News/ — “Kesko’s sales grew in comparable terms in October in the grocery trade and in the building and technical trade. The month had one delivery day more than the year before,” says Kesko’s President and CEO Mikko Helander.

Sales in the grocery trade totalled €449.7 million in October, an increase of 7.0% in comparable terms. Sales grew in particular in K-Citymarkets. The reported sales for October increased by 0.1%, affected by changes in the former Suomen Lähikauppa store site network and by the divestment of the business in Russia the previous year.

Sales in the building and technical trade totalled €387.5 million in October, an increase of 3.1% in comparable terms in local currencies. Comparable sales grew by 2.1% in Finland and by 4.1% abroad. Sales in the building and technical trade excluding the speciality goods trade grew by 4.0% in local currencies.  Sales in the speciality goods’ leisure trade increased by 12.8% in Finland, while sales in the machinery trade decreased by 32.9%. The reported sales in the building and technical trade decreased by 7.8%, and were impacted by the divestment of the K-maatalous business and the furniture trade in the second quarter.

Sales in the car trade totalled €74.9 million in October, representing a decrease of 6.0% in comparable terms. The reported sales decreased by 0.6% including the acquisition of AutoCarrera.

Change, % indicates the change when compared to the corresponding period of the previous year. The comparable change % has been calculated for the grocery trade by including those stores formerly belonging to Suomen Lähikauppa, and which have belonged to the network in both years, in the sales. The comparable change % in the building and technical trade as well as the car trade has been calculated in local currencies and excluding the impact of acquisitions and divestments.

In October 2017, the number of Kesko’s wholesale selling days in Finland was 22, which is one day more than the year before. In January-October 2017, the number of Kesko’s wholesale selling days in Finland was the same as the year before.

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

Further information:

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

Source: Kesko Corporation

Kesko appoints Karoliina Partanen SVP Communications and Identity and Eeva Salmenpohja VP Public Affairs

20171023 HELSINKI Kesko, henkilökuvaus Eeva Salmenpohja KUVA ©Riitta Supperi

20171023 HELSINKI Kesko, henkilökuvaus Karoliina Partanen KUVA ©Riitta Supperi

Karoliina Partanen appointed Senior Vice President, Communications and Identity and Eeva Salmenpohja Vice President, Public Affairs under the President and CEO at Kesko

Helsinki, Finland, 2017-Oct-27 — /EPR Retail News/ — Karoliina Partanen, M.Sc. (Soc.), (40), has been appointed Senior Vice President, Communications and Identity at Kesko Group as of 1 November 2017. Partanen has previously worked as Kesko’s grocery trade division’s Vice President of Communications and a member of the Management Board. Before joining Kesko, Partanen held various executive positions in global communications, marketing and brand management at Metso Corporation, and worked for the management consultancy Pohjoisranta Burson-Marsteller as Senior Advisor.

Eeva Salmenpohja, M.Sc. (Soc.), (38), has been appointed Vice President, Public Affairs at Kesko Group as of 1 November 2017. Salmenpohja joined Kesko on 1 February 2017, having previously worked as Special Adviser for the Minister of Family Affairs and Social Services and in various labour and education policy expert positions at Akava and the Finnish Association of Business School Graduates.

Both Partanen and Salmenpohja will report to President and CEO Mikko Helander.

“These appointments reflect the efforts by K Group and Kesko to engage in more active and interactive communications and management of stakeholder relations and K Group’s role as an active member of society. I am happy to have Karoliina Partanen and Eeva Salmenpohja join my core team. Their experience and background represent the kind of expertise the transforming K Group will need in the multifaceted communications landscape of the future,” says Mikko Helander, President and CEO.

Further information: Matti Mettälä, Executive Vice President, HR, tel. +358 10 532 2200

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Main news media
www.kesko.fi

Kesko and K-retailers form the K Group, whose sales total over €13 billion. K Group is the third largest retail operator in Northern Europe and it employs approximately 45,000 people. Kesko operates in the grocery trade, the building and technical trade and the car trade. Its divisions and chains act in close cooperation with retailer entrepreneurs and other partners. Kesko’s net sales are €10 billion and it employs approximately 28,000 people. Kesko has nearly 2,000 stores engaged in chain operations in Finland, Sweden, Norway, Estonia, Latvia, Lithuania, Russia, Belarus and Poland. Kesko is a listed company and its shares are listed on Nasdaq Helsinki. The company’s domicile and main business premises are in Helsinki. Kesko is the world’s most responsible trading sector company (The Global 100 Most Sustainable Corporations in the World) www.kesko.fi

SOURCE: Kesko Corporation

Kesko Group’s sales increased by 2.7% to €856.3 million in July 2017

Helsinki, 2017-Aug-15 — /EPR Retail News/ — Kesko Group’s sales totalled €856.3 million in July 2017, an increase of 2.7% in comparable terms. Excluding business arrangements the reported sales decreased by 4.2%.

“In comparable terms Kesko’s sales grew in July in all divisions. Sales growth was strongest in the car trade, an increase of over 10%. Sales in the grocery trade grew especially in K-Citymarkets and in the renewed K-Markets. In the building and technical trade sales grew especially in B2B trade,” says Kesko’s President and CEO Mikko Helander.

Sales in the grocery trade totalled €423.1 million in July, an increase of 1.5% in comparable terms. The comparable sales grew in all chains. The reported sales decreased by 5.4% and was impacted by the changes in store site network of Suomen Lähikauppa and transferring stores to retailers, as well as the divestment of grocery trade business in Russia in the previous year.

Sales in the building and technical trade totalled €362.7 million in July, an increase of 2.6% in comparable terms in local currencies. Comparable sales in Finland grew by 4.6% and abroad by 1.1%. Sales in the building and technical trade, excluding the speciality goods trade, grew by 6.3% in local currencies. Sales in the speciality goods leisure trade decreased by 0.3% in Finland and sales in the machinery trade decreased by 23.8%. The reported sales in building and technical trade decreased by 7.0% and it was impacted by the divestment of K-maatalous business and the furniture trade in the second quarter.

Car trade sales in July totalled €69.9 million, a growth of 10.9% in comparable terms. The reported sales grew by 24.3% including the acquisition of AutoCarrera.

Change, % indicates the change when compared to the corresponding period of the previous year. The comparable change % has been calculated for the grocery trade by including those stores formerly belonging to Suomen Lähikauppa, and which have belonged to the network in both years, in the sales. The comparable change % in the building and technical trade as well as the car trade has been calculated in local currencies and excludes the impact of acquisitions and divestments.

In July 2017, the number of Kesko’s wholesale selling days in Finland was 21, which was the same as the previous year. From 1 January to 31 July 2017, Kesko’s wholesale selling days in Finland were equivalent to the previous year.

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

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

Source: Kesko Corporation

Kesko Group announces June 2017 sales

Helsinki, 2017-Jul-18 — /EPR Retail News/ — Kesko Group’s sales totalled €971.3 million in June 2017 – a decrease of 3.5%. In comparable terms sales in local currencies grew by 1.6%.

“Kesko’s sales in comparable terms grew in June. Sales growth was strongest in the car trade. Sales in grocery trade grew in comparable retail network, the growth strengthened especially in K-Citymarkets and in the renewed K-Markets. Sales in the building and technical trade grew in business to business B2B trade, but the business to consumers B2C sales was weakened by the cold start to summer in northern Europe.” says Kesko’s CEO Mikko Helander.

Sales in the grocery trade totalled €456.5 million in June, a decrease of 5.3%. Sales in the grocery trade including the comparable stores of Suomen Lähikauppa amounted to €444.4 million and the comparable development in sales was +0.7%.

Sales in the building and technical trade totalled €430.2 million in June, a decrease of 4.5%. Comparable sales in the building and technical trade excluding the 1.6.2017 divested K-maatalous agricultural trade increased in local currencies by 1.3%. Comparable sales increased in Finland by 6.4% and decreased abroad by 2.7%. Comparable sales in the building and technical trade excluding specialty goods trade grew by 2.8%. Sales in the specialty goods grew by 0.7% in furniture trade, sales in leisure trade in Finland increased by 10.7% and sales in machinery trade decreased by 13.2%.

Car trade sales in June were €84.6 million, a growth of 13.1% compared to the previous year. Car sales without AutoCarrera amounted to €80.5 million and the comparable development was +7.6%.

Change, % indicates the change in the corresponding period of the previous year. The comparable change % has been calculated for the grocery trade by including those stores of Suomen Lähikauppa to the sales, which have belonged to the network in both years. The comparable change % in the building and technical trade as well as the car trade has been calculated in local currencies and excluding the impact of acquisitions and divestments.

In June 2017, the number of Kesko’s wholesale selling days in Finland was 21, which was the same as the previous year. In April-June 2017 the number of selling days was 60, three less than the previous year. From 1 January to 30 June 2017, Kesko’s wholesale selling days in Finland were equivalent 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

Kesko Corporation to sell Indoor Group to Sievi Capital Oyj for €67 million

Helsinki, 2017-Jun-23 — /EPR Retail News/ — Kesko Corporation has signed an agreement to sell Indoor Group, which is responsible for the Asko and Sotka furniture trade chains, to a company owned by Sievi Capital Oyj, three franchising entrepreneurs from the Sotka chain and Etera Mutual Pension Insurance Company. The debt free price of the sale, structured as a share transaction, is €67 million.

“Kesko’s strategic objective is to achieve growth in the Finnish grocery trade, growth and expansion within the building and technical trade in Europe as well as growth in the car trade. The divestment of Indoor Group is a coherent step in the implementation of Kesko’s strategy,” says Mikko Helander, President and CEO of Kesko Corporation.

In 2016, the net sales of Indoor Group were €187 million and the operating profit was €9.8 million. In addition to webstores, the Asko chain has 34 stores in Finland and 5 in Estonia, whereas the Sotka chain has 52 stores in Finland and 5 in Estonia. The sofa factory Insofa Oy in Lahti, Finland, and the Estonian subsidiary Indoor Group AS are also part of Indoor Group.

The debt free price of the divestment is €67 million of which €62 million will be paid in cash upon completion of the transaction and €5 million as an interest bearing loan that the seller grants to the buyer. When the transaction is completed, Kesko Corporation will record a profit of €15 million on the divestment. The transaction will be completed on 30 June 2017.

Kesko and K-retailers form K Group, whose sales total over €13 billion. K Group is the third largest retail operator in Northern Europe and it employs approximately 45,000 people. Kesko operates in the grocery trade, the building and technical trade and the car trade. Its divisions and chains act in close cooperation with retailer entrepreneurs and other partners. Kesko’s net sales are €10 billion and it employs approximately 30,000 people. Kesko has some 2,000 stores engaged in chain operations in Finland, Sweden, Norway, Estonia, Latvia, Lithuania, Russia, Belarus and Poland. Kesko is a listed company and its shares are listed on Nasdaq Helsinki. The company’s domicile and main business premises are in Helsinki. Kesko is the world’s most responsible trading sector company (The Global 100 Most Sustainable Corporations in the World). www.kesko.fi

Further information:
Jukka Erlund
EVP
CFO
tel. +358 105 322 113
jukka.erlund@kesko.fi

Investors and analysts:
Kia Aejmelaeus
VP Investor Relations
tel. +358 105 322 533
kia.aejmelaeus@kesko.fi

Media:
Riikka Toivonen
Head of Financial Communicationn
tel. +358 105 323 495
riikka.toivonen@kesko.fi

Source: Kesko Corporation

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

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

Kesko Group announces Sales performance in January 2017

Helsinki, 2017-Feb-16 — /EPR Retail News/ — Kesko Group’s sales in January 2017 totalled €827.4 million, which was up 33.3%. In comparable terms, excluding the impact of business arrangements, sales in local currencies increased by 5.2%. There were two more delivery days than in the previous year.

“Kesko’s sales continued to increase in January. Sales performance was particularly strong in the building and technical trade,” says Kesko’s President and CEO Mikko Helander.

The sales of the grocery trade in January were €399.6 million, representing an increase of 18.9%. Suomen Lähikauppa excluded, the sales of the grocery trade were €343.7 million, and the comparable change was 4.6%.

The sales of the building and technical trade in January were €337.7 million, up 71.9%. Onninen excluded, the sales of the building and technical trade were €220.3 million, up 9.8% in local currencies. In Finland, sales were up by 12.7% excluding Onninen. Outside Finland, sales in local currencies grew by 6.2% excluding Onninen. The sales of the building and home improvement trade in local currencies increased by 12.2%. The sales of the leisure trade in Finland were down by 2.2%, the sales of the agricultural and machinery trade increased by 11.5% and the sales of the furniture trade were up by 15.1%.

The sales of the car trade in January were €90.9 million, up 3.3% from the previous year. AutoCarrera excluded, the sales of the car trade were €86.3 million, representing a comparable change of -2.0%.

Kesko Group’s sales in euros, excluding VAT, in January 2017:

January 2017 Comparable
€ million Change, % change, %
Grocery trade, total 399.6 +18.9 +4.6
Building and technical trade, Finland 179.9 +66.3 +12.7
Building and technical trade, other countries 157.8 +78.7 +6.2
Building and technical trade, total 337.7 +71.9 +9.8
Car trade, total 90.9 +3.3 -2.0
Common functions and eliminations -0.7
Grand total 827.4 +33.3 +5.2
Finland, total 669.7 +27.6 +5.1
Other countries, total 157.8 +64.7 +6.2
Grand total 827.4 +33.3 +5.2

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 January 2017, the number of selling days in Kesko’s wholesale in Finland was 21, which was two more than in 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

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

Kesko ranked 15th in Global 100 Most Sustainable Corporations in the World list

In the Global 100 Most Sustainable Corporations in the World list, Kesko ranked 15th and was, at the same time, the most sustainable trading sector company in the world. The list of the most sustainable corporations is announced today at the World Economic Forum in Davos.

HELSINKI, Finland, 2016-Jan-22 — /EPR Retail News/ —  The companies in the Global 100 Most Sustainable Corporations in the World list were assessed on 12 sustainability indicators in the areas of economic, social and environmental responsibility.

Sustainability provides the basis for all operations in the K-Group and is visible in our daily work.

“Kesko’s long-term corporate responsibility work is based on our strategy and responsibility programme. The programme comprises all of our divisions and contains short, medium and long term objectives. All our operations are guided by our value: Customer and quality – in everything we do,” says Kesko’s President and CEO Mikko Helander.

Kesko’s systematic work to mitigate climate change is bearing fruit. As much as 98% of the savings target set in the trading sector energy efficiency agreement for 2016 has already been achieved. In November 2015, Kesko was included in CDP’s Climate A List for the first time. The list consists of 113 selected companies that are considered to be operating in an exemplary manner with regard to mitigating climate change.

The most recent energy savings method is the cooperation started by Kesko’s grocery trade, Gasum, Myllyn Paras and Wursti in September 2015: biogas produced from inedible biowaste that is collected from retail stores is utilized as energy in the manufacture of new Pirkka products.

Kesko aims to identify the entire supply chain of products, while also ensuring that the ingredients are responsibly sourced. Work to assess the origin of ingredients in own brand categories – Pirkka and K-Menu products – was carried out in 2015.

Over the course of 2015, Kesko continued to assess human rights impacts in accordance with the UN Guiding Principles on Business and Human Rights.

The Global 100 Most Sustainable Corporations in the World list for 2016 is announced at the meeting of the World Economic Forum in Davos on 21 January. The list is prepared by Canada-based Corporate Knights Inc. and is based on a global assessment of 4,608 listed companies.

The Global 100 list for 2016 has been published at www.global100.org.

Further information available from Vice President Matti Kalervo, Corporate Responsibility, Kesko Corporation, tel. +358 50 306 4081.

Kesko’s ranking in sustainability indices
http://www.kesko.fi/en/investor/share-information/equity-indices/sustainability-indices/

Kesko is a Finnish listed trading sector company. Kesko operates in the grocery trade, the home improvement and speciality goods trade and the car trade. Its divisions and chains act in close cooperation with retailer entrepreneurs and other partners. In 2014, Kesko’s net sales totalled €9.1 billion and it employed nearly 20,000 people. Kesko has over 1,500 stores engaged in chain operations in Finland, Sweden, Norway, Estonia, Latvia, Lithuania, Russia and Belarus. Kesko’s shares are listed on Nasdaq Helsinki. The company’s domicile and main premises are in Helsinki. www.kesko.fi

SOURCE: KESKO

Kesko in CDP’s Climate A List for the first time

Kesko rose to CDP’s Climate A List for the first time scoring the maximum 100 points. The globally established list consists of 113 selected leading companies considered to be operating in an exemplary manner in the mitigation of climate change. The K-Group’s systematic climate work is based on the long-term commitments and energy efficiency objectives of Kesko’s responsibility programme.

HELSINKI, Finland, 2015-11-12 — /EPR Retail News/ — Kesko was selected as one of the world’s leading companies to the Climate A List with the best possible score of 100 points.

Kesko was also included in the Nordic Climate Disclosure Leadership Index (CDLI) for the fifth consecutive time. Kesko was awarded the full 100 points also in this index.

  • International recognition is proof that the K-Group’s long-term responsibility work is in the world’s top class and focused on the right things. The mitigation of climate change has been one of the key objectives in Kesko’s responsibility programme for many years already. We are systematically reducing our environmental impacts in cooperation with the entire supply chain and help our customers make choices for the benefit of the environment, says Kesko’s President and CEO Mikko Helander.

The companies that achieve a position on the Climate A List and the Climate Disclosure Leadership Index are defined by the independent organisation CDP. An assessment by CDP has been requested by 822 investors, whose combined investment assets total over a third of the world’s invested capital.

Thousands of companies annually submit information to CDP on their work in climate change mitigation and the reduction of carbon dioxide emissions. The best 5% of the assessed companies, 113 this year, are included on the Climate A List.

Energy efficiency at stores, in transportation and products

Kesko has signed the trading sector energy efficiency agreement and committed to improving its annual energy efficiency by 65 GWh by the end of 2016 through various saving measures. By the end of 2014, Kesko had improved its energy efficiency by 59 GWh and achieved 90% of the objective.

Stores’ energy-efficient solutions, such as lids and doors of refrigeration equipment, recovery of condensation heat, refrigeration units using carbon dioxide, and adjustable and directional lighting, generate significant energy savings.

The emissions from Keslog’s transportation are reduced through, for example, route planning, reverse logistics, two-tier trailers and training in economical driving style.

In autumn 2015, Kesko’s grocery trade, Gasum, Myllyn Paras and Wursti entered into cooperation where biogas produced from biowaste collected from retail stores is utilised as energy in the manufacture of new Pirkka products.

Further information is available from Kesko’s Matti Kalervo, Vice President, Corporate Responsibility, tel. +358 50 306 4081.

Read more about the K-Group’s responsibility work and its results at:
http://kesko2014.kesko.fi/en

Kesko in sustainability indices:
http://www.kesko.fi/en/Investors/Share-information/Equity-indices/Sustainability-indices/

CDP’s Climate A List and the Global Climate Change Report 2015 have been published at: www.cdp.net

Kesko (www.kesko.fi) is one of the Global 100 Most Sustainable Corporations in the World. We are a retail specialist whose chains have about 2,000 stores in the Nordic and Baltic countries, Russia, and Belarus. Our stores offer quality to the daily lives of consumers.

SOURCE: Kesko Corporation

Kesko plans to have its new main office building ‘K-kampus’ in Ruskeasuo, Helsinki by 2018

Kesko plans to have its new main office building, the so-called ‘K-kampus’, in Ruskeasuo, Helsinki by 2018. The new premises would accommodate the majority of Kesko Group’s functions in the Greater Helsinki area. The aim is also to open a new K-food store on the same property. The area at the crossing of Mannerheimintie and Hakamäentie streets in the Ruskeasuo district of Helsinki is excellent for the Kesko personnel, Kesko’s stakeholders and the planned K-food store’s customers alike in terms of both location and transport links.

HELSINKI, 2015-7-22 — /EPR Retail News/ — Kesko’s objective is to bring most of its functions in the Greater Helsinki area together under one roof by 2018. The aim is to have a new office complex built for use by Kesko in the so-called Manskun Rasti area to accommodate the functions of Kesko’s common operations, the grocery trade and the building and home improvement trade in the Greater Helsinki area. A new K-food store would also be opened in the building. The functions of Kesko’s car trade, agricultural and machinery trade, leisure trade, or those of the logistics company Keslog Ltd are not planned to be transferred to the premises.

– Bringing Kesko personnel together on a common K-kampus underpins our strategy of a more uniform Kesko and our objectives for efficient operations. It will enable us to make better use of skills and cooperate across the divisional boundaries, says President and CEO Mikko Helander.

Kesko has entered into a conditional cooperation agreement on the project with Skanska. The final execution of the project is conditional on the decisions of the authorities related to, among other things, land use planning and surrender of land, that are prepared by the Real Estate Department and the City Planning Department.

Kesko’s main office building, located in Katajanokka, Helsinki, was completed in 1939. It is planned to be converted mainly to residential and hotel use.

An image of K-kampus is available in Kesko’s material bank at http://aineistopankki.kesko.fi in the Current topics file.

Further information is available from Merja Haverinen, Vice President, Group Communications, Kesko Corporation, tel. +358 105 322 764.

Kesko (www.kesko.fi) is one of the Global 100 Most Sustainable Corporations in the World. We are a retail specialist whose chains have about 2,000 stores in the Nordic and Baltic countries, Russia, and Belarus. Our stores offer quality to the daily lives of consumers.

Skanska’s (www.skanska.fi) operations in Finland cover construction services, residential and commercial project development and public sector life cycle projects. Construction services include building construction, building services, and civil and environmental construction.

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Kesko names Google’s Country Manager Finland Anni Ronkainen Chief Digital Officer and Group Management Board member

Anni Ronkainen, Google’s Country Manager Finland, appointed Kesko’s Chief Digital Officer and Group Management Board member

HELSINKI, FINLAND, 2015-1-27 — /EPR Retail News/ — M.Sc. (Econ.) Anni Ronkainen, 48, who has been Google’s Country Manager Finland since 2009, has been appointed Kesko’s Chief Digital Officer, responsible for business development, digital business environment and marketing, and a member of the Group Management Board.

Before taking the position of Country Manager, Anni Ronkainen acted as Industry Head  with responsibility for large-scale customers at Google. She has also been the CEO of the McCann Helsinki Group advertising agency and the Business Group Director of Satama Finland Oy which focused on digital media and business solutions.

“Anni Ronkainen will bring global-level digital business knowledge and marketing expertise to Kesko. The digitalisation of retail trade is a strategically important part of our business development  and I’m very pleased that Anni will join our Group Management Board and complement it in these competence areas,” says Kesko’s President and CEO Mikko Helander.

Anni Ronkainen will join Kesko Corporation on 20 April 2015 at the latest.

Further information:
President and CEO Mikko Helander, Kesko Corporation, tel. +358 10 53 22301

Kesko Corporation

Merja Haverinen
Vice President, Group Communications

DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Main news media
www.kesko.fi

Kesko rose to the fifth place in the Global 100 Most Sustainable Corporations in the World list

Helsinki, Finland, 2015-1-23 — /EPR Retail News/ — Kesko is the best food and staples retailer and rose to the fifth place in the Global 100 Most Sustainable Corporations in the World list. Kesko is the only Finnish company included in the list every year since it was established in 2005.

For the Global 100 list, companies were assessed on 12 sustainability indicators in the areas of economic, social and environmental responsibility.

“Recent public discussion about grocery trade in Finland has focused on one issue only, the price of food, overshadowing many other important issues, such as trading sector operators’ sustainable actions. We are proud that Kesko’s long-term and determined sustainability work brings results and is appreciated worldwide,” says Kesko’s President and CEO Mikko Helander.

“The great rise in the Global 100 list can, for example, be attributed to the environmental indicators: the K-Group’s energy consumption has decreased by over 7% from the previous comparative year and emissions have dropped by over 5,000 tonnes of CO2e. Significant energy savings are achieved by energy-efficient solutions in retail stores, such as energy-efficient buildings, lids and doors on refrigeration equipment, recovery of condensation heat, refrigeration equipment that uses carbon dioxide, adjustable and directional lighting, and efficient transportation,” Helander continues.

Kesko has long worked to take care of the products’ high quality and the responsibility of the entire supply chain. Kesko has its own research unit which monitors the safety and quality of the groceries and home and speciality goods sold by K-food stores, K-citymarkets, and Anttila and Kodin1 department stores.

Over the course of 2014, Kesko’s and K-stores’ responsibility work has been made more visible to customers.

“We support Finnish work and local producers by participating in the Blue and White Footprint campaign. Improvements in online stores, click&collect services and other multi-channel services have made our customers’ everyday lives easier. Nearly 1,800 young people have been employed by K-stores and Kesko thanks to the Youth Guarantee in the K-Group programme,” says Matti Kalervo, Kesko’s Vice President for Corporate Responsibility.

The Global 100 Most Sustainable Corporations in the World list for 2015 was announced at the meeting of the World Economic Forum in Davos on 22 January. The list is prepared by the Canadian Corporate Knights Inc. and based on a global assessment of around 4,600 listed companies.
The Global 100 list for 2015 has been published at www.global100.org

Further information available from Vice President Matti Kalervo, Corporate Responsibility, Kesko Corporation, tel. +358 50 306 4081.

Kesko’s rankings in sustainability indices:
http://www.kesko.fi/en/Investors/Share-information/Equity-indices/Sustainability-indices/

Kesko ( http://www.kesko.fi/en/ ) is a retail specialist whose stores offer quality to the daily lives of consumers. Kesko has about 2,000 stores engaged in chain operations in the Nordic and Baltic countries, Russia, and Belarus.

Kesko is the fourth most important Finnish company in terms of economic welfare according to the Prime Minister’s Office reports

Helsinki, Finland, 2015-1-21 — /EPR Retail News/ — Kesko celebrates its 75th anniversary this year. Kesko, established in 1940, has played a significant role in the development of Finnish society as a whole. Today Kesko is the fourth most important Finnish company in terms of economic welfare.

According to the recent report published by the Prime Minister’s Office, Kesko is the fourth most important Finnish company in terms of economic welfare. Kesko’s direct impact on the gross domestic product of Finland is nearly one percent. When multiplier impacts of domestic product purchases, transportation and other service acquisitions are taken into account, Kesko’s total significance rises to several percent.

President and CEO Mikko Helander opened the Day of Commerce anniversary seminar organised to celebrate the special year in Helsinki today. Helander said that Kesko’s story of 75 years is linked to the whole country’s history and its turning points in many ways.

Kesko was established after the Winter War in the autumn of 1940. A period of strong reconstruction of society and fast development in the trading sector began after the war. Kesko and K-retailers played a significant role in the reconstruction of our society creating the basis for the success story of the K-Group which has now lasted for several decades.

“We build our success story in cooperation with our partners. The strong Finnish retailing sector provides the basis for a successful food industry, which is a prerequisite for domestic agriculture,” Helander said.

Kesko published today a capital expenditure of €100 million in Itäkeskus. Kesko will build a new and modern shopping centre in the area of the current K-citymarket in Itäkeskus, eastern Helsinki. The centre, to be built phase by phase, will have a special focus on food, enjoyable leisure time and encounters. The plan of the area also enables housing construction. The first phase of the shopping centre will be completed at the end of 2017.

Kesko’s Day of Commerce seminar was organised for the 18th time. The event was attended by more than 700 key people representing trade and industry.

Further information available from Vice President Merja Haverinen, Group Communications, Kesko Corporation, tel. +358 10 53 22764.

Kesko (www.kesko.fi) is one of the Global 100 Most Sustainable Corporations in the World. We are a retail specialist whose chains have about 2,000 stores in the Nordic and Baltic countries, Russia, and Belarus. Our stores offer quality to the daily lives of consumers.

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