Source - GNW

KESKO CORPORATION STOCK EXCHANGE RELEASE 14.9.2016 AT 09.00 1(2)

Kesko's sales increased in August

Kesko Group's sales in August 2016 totalled €984.3 million and were up 33.5%. In comparable terms, sales increased by 5.8% in local currencies, excluding the impact of Suomen Lähikauppa and Onninen. There were two selling days more than in the previous year.

"In August, the strong growth of Kesko's sales continued due to acquisitions. Comparable sales, too, increased in all divisions," says Kesko's President and CEO Mikko Helander.

The sales of Kesko's grocery trade in August were €477.7 million and increased by 20.6%. Suomen Lähikauppa excluded, the sales of the grocery trade were €409.2 million, representing a comparable change of 3.2%. There were two more delivery days than in the previous year.

The sales of the building and technical trade in August were €446.1 million, up 56.4%. Excluding Onninen, the sales of the building and technical trade were €307.2 million, up 8.8% in local currencies. In Finland, sales excluding Onninen were up by 12.5%. Outside Finland, sales excluding Onninen increased by 5.2% in local currencies. The sales of the building and home improvement trade increased by 10.1% in local currencies. The sales of the leisure trade increased by 6.3% in Finland and the sales of the agricultural and machinery trade were up by 9.8%.

The sales of the car trade in August were €62.3 million, up 13.9% from the previous year.

Kesko Group's sales in euros, excluding VAT, in August 2016:

  August 2016Comparable
  € millionChange, %change, %

 
Grocery trade, total477.7+20.6+3.2
Building and technical trade, Finland 228.0 +64.6 +12.5
Building and technical trade, other countries 218.1 +48.5 +5.2
Building and technical trade, total446.1+56.4+8.8
Car trade, total62.3+13.9+13.9
Common functions and eliminations-1.9   
Grand total984.3+33.5+5.8
       
Finland, total 756.9 +29.9 +7.5
Other countries, total 227.4 +46.7 +5.6
Grand total984.3+33.5+5.8
    

Kesko Group's sales in euros, excluding VAT, in January-August 2016:

  1.1. - 31.8.2016Comparable
  € millionChange, %change, %

 
Grocery trade, total3,396.4+10.3+0.2
Building and technical trade, Finland 1,379.1 +12.5 +0.7
Building and technical trade, other countries 1,241.0 +16.8 +5.9
Building and technical trade, total2,620.0+14.5+3.2
Car trade, total570.4+7.8+7.8
Common functions and eliminations-4.7  
Grand total6,582.2+11.6+1.8
     
Finland, total 5,268.3 +10.4 +1.0
Other countries, total 1,313.9 +16.3 +7.2
Grand total6,582.2+11.6+1.8
    

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 August 2016, the number of selling days in Kesko's wholesale in Finland was 23, which was two more than in the previous year. The total number of selling days in January-August was two more than in the previous year.

Kesko releases advance information on the 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

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Source: Kesko Oyj via Globenewswire