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Kesko's sales in comparable terms grew in August

PR-Inside.com: 2017-09-14 08:05:01

KESKO PRESS RELEASE 14.09.2017 At 09:00 1(2)

 

Kesko's sales in comparable terms grew in August

 

Kesko Group's sales totalled €935.3 million in August 2017, an increase of 2.0% in comparable terms. Excluding business arrangements the reported sales decreased by 5.0%.

 

"In comparable terms Kesko's sales grew in August in all divisions. Sales growth was strongest in the car trade," says Kesko's President and CEO Mikko Helander.

 

Sales in the grocery trade totalled €460.5 million in August, an increase of 2.3% in comparable terms. The comparable sales grew especially in the renewed K-Markets. The reported sales in August decreased by 3.6%, due to network changes in former Suomen Lähikauppa chain and divestment of grocery trade business in Russia in the previous year.

 

Sales in the building and technical trade totalled €402.7 million in August, an increase of 0.5% in comparable terms in local currencies. Comparable sales in Finland decreased by 2.1% and increased abroad by 2.6%. Sales in the building and technical trade, excluding the speciality goods trade, increased by 2.6% in local currencies. Sales in the speciality goods' leisure trade decreased by 4.1% in Finland and sales in the machinery trade decreased by 22.2%. The reported sales in building and technical trade decreased by 9.7% and it was impacted by the divestment of K-maatalous business and the furniture trade in the second quarter.

 

Car trade sales in August totalled €72.1 million, a growth of 6.3% in comparable terms. The reported sales grew by 15.7% including the acquisition of AutoCarrera.

 

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

  August 2017 Comparable
  € million Change, % change, %

 
Grocery trade, total 460.5 -3.6 +2.3
Building and technical trade, Finland 179.4 -21.3 -2.1
Building and technical trade, other countries 223.3 +2.4 +2.6
Building and technical trade, total 402.7 -9.7 +0.5
Car trade, total 72.1 +15.7 +6.3
Common functions and eliminations -0,1    
Grand total 935.3 -5.0 +2.0
       
Finland, total 711.9 -5.9 +1.7
Other countries, total 223.3 -1.8 +2.6
Grand total 935.3 -5.0 +2.0
       

 

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

  01/01/17-31/08/17 Comparable change, %
  € million Change, %  

 
Grocery trade, total  3,478.7 +2.4 +1.4
Building and technical trade, Finland 1,599.2 +16.0 +1.2
Building and technical trade, other countries 1,594.4 +28.5 +0.6
Building and technical trade, total 3,193.6 +21.9 +0.9
Car trade, total 634.1 +11.2 +4.2
Common functions and eliminations -2.1    
Grand total 7,304.3 +11.0 +1.5
       
Finland, total 5,709.9 +8.4 +1.7
Other countries, total 1,594.4 +21.4 +0.6
Grand total 7,304.3 +11.0 +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 August 2017, the number of Kesko's wholesale selling days in Finland was 23, which was the same as the previous year. From 1 January to 31 August 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




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