Kesko's sales increased in February

Kesko's sales increased in February

ID: 529961

(Thomson Reuters ONE) -


KESKO PRESS RELEASE 14.03.2017 AT 09.00 1(2)



Kesko's sales increased in February

Kesko Group's sales in February 2017 totalled ?813.5 million, and were up
23.9%. In comparable terms, excluding the impact of business arrangements, sales
in local currencies decreased by 1.7%. There was one less delivery day than in
the previous year.

"Kesko's sales continued to increase in February due to acquisitions. Sales
performance in the grocery trade and in the building and technical trade was
weakened by the fact that there was one less delivery day than in the previous
year," says Kesko's President and CEO Mikko Helander.

The sales of the grocery trade in February were ?387.5 million, representing an
increase of 9.0%. Suomen Lähikauppa excluded, the sales of the grocery trade
were ?337.2 million, and the comparable change in sales was -3.0%.

The sales of the building and technical trade in February were ?351.0 million,
up 49.8%. Onninen excluded, the sales of the building and technical trade were
?236.0 million, down 2.4% in local currencies. In Finland, sales were down by
0.6% excluding Onninen. Outside Finland, sales in local currencies decreased by
4.9% excluding Onninen. The sales of the building and home improvement trade in
local currencies were down by 0.3%. The sales of the leisure goods trade in
Finland grew by 3.6%, the sales of the agricultural and machinery trade
decreased by 6.3% and the sales of the furniture trade were down by 5.2%.

The sales of the car trade in February were ?76.3 million, up 13.2% from the
previous year. AutoCarrera excluded, the sales of the car trade were ?72.8
million, representing a comparable change of +8.0%.

Kesko Group's sales in euros, excluding VAT, in February 2017:

  February 2017 Comparable





  ? million Change, % change, %



Grocery trade, total 387.5 +9.0 -3.0

Building and technical trade, Finland 193.6 +40.3 -0.6

Building and technical trade, other countries 157.7 +63.5 -4.9

Building and technical trade, total 351.0 +49.8 -2.4

Car trade, total 76.3 +13.2 +8.0

Common functions and eliminations -1.3

Grand total 813.5 +23.9 -1.7



Finland, total 656.1 +18.8 -1.2

Other countries, total 157.4 +50.8 -4.9

Grand total 813.5 +23.9 -1.7





Kesko Group's sales in euros, excluding VAT, in January-February 2017:

  1.1.-28.2.2017 Comparable

  ? million Change, % change, %



Grocery trade, total 787.1 +13.8 +0.7

Building and technical trade, Finland 373.4 +51.7 +5.4

Building and technical trade, other countries 315.2 +70.8 +0.4

Building and technical trade, total 688.7 +59.9 +3.2

Car trade, total 167.2 +7.6 +2.4

Common functions and eliminations -2.0

Grand total 1,640.9 +28.5 +1.6



Finland, total 1,325.7 +23.1 +1.8

Other countries, total 315.2 +57.5 +0.4

Grand total 1,640.9 +28.5 +1.6



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 February 2017, the number of selling days in Kesko's wholesale in Finland was
20, which was one less than in the previous year. In January-February 2017, the
number of selling days in Kesko's wholesale was one more than in the previous
year.

Kesko releases advance information on 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



DISTRIBUTION
Main news media
www.kesko.fi










This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Kesko Oyj via GlobeNewswire




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Datum: 14.03.2017 - 08:00 Uhr
Sprache: Deutsch
News-ID 529961
Anzahl Zeichen: 5684

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