Kesko's sales in comparable terms grew in July
(Thomson Reuters ONE) -
KESKO PRESS RELEASE 14.08.2017 At 09:00 1(2)
Kesko's sales in comparable terms grew in July
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.
Kesko Group's sales in euros, excluding VAT, in July 2017:
July 2017 Comparable
? million. Change, % change, %
Grocery trade, total 423.1 -5.4 +1.5
Building and technical trade, Finland 157.9 -15.9 +4.6
Building and technical trade, other countries 204.9 +1.2 +1.1
Building and technical trade, total 362.7 -7.0 +2.6
Car trade, total 69.9 +24.3 +10.9
Common functions and eliminations 0.5
Grand total 856.3 -4.2 +2.7
Finland, total 651.4 -4.4 +3.3
Other countries, total 204.9 -3.4 +1.1
Grand total 856.3 -4.2 +2.7
Kesko Group's sales in euros, excluding VAT, for January-July 2017:
01/01/17-31/07/17 Comparable change, %
? million. Change, %
Grocery trade, total 3,018.2 +3.4 +1.2
Building and technical trade, 1,419.8 +23.3 +1.8
Finland
Building and technical trade, other 1,371.1 +34.0 +0.2
countries
Building and technical trade, total 2,790.9 +28.4 +0.9
Car trade, total 562.0 +10.6 +4.0
Common functions and eliminations -2.0
Grand total 6,369.0 +13.8 +1.5
Finland, total 4,997.9 +10.8 +1.8
Other countries, total 1,371.1 +26.2 +0.2
Grand total 6.369.0 +13.8 +1.5
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.
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
Unternehmensinformation / Kurzprofil:
Datum: 14.08.2017 - 08:00 Uhr
Sprache: Deutsch
News-ID 556337
Anzahl Zeichen: 6247
contact information:
Town:
Kesko
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 202 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Kesko's sales in comparable terms grew in July"
steht unter der journalistisch-redaktionellen Verantwortung von
Kesko Oyj (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
