Source - GNW

KESKO CORPORATION STOCK EXCHANGE RELEASE 14.10.2016 AT 09.00 1(2)

Kesko's sales increased in September

Kesko Group's sales in September 2016 totalled €966.3 million and were up 32.5%. In comparable terms, sales increased by 3.6% in local currencies, excluding the impact of Suomen Lähikauppa and Onninen.

"Kesko's sales continued to grow in September. Comparable sales, too, increased in all divisions," says Kesko's President and CEO Mikko Helander.

The sales of the grocery trade in September were €456.0 million and increased by 17.5%. Suomen Lähikauppa excluded, the sales of the grocery trade were €392.2 million, representing a comparable change of +0.9%.

The sales of the building and technical trade in September were €437.2 million, up 54.5%. Excluding Onninen, the sales of the building and technical trade were €290.1 million, up 2.7% in local currencies. In Finland, sales excluding Onninen were up by 1.4%. Outside Finland, sales excluding Onninen increased by 4.1% in local currencies. The sales of the building and home improvement trade increased by 5.5% in local currencies. The sales of the leisure trade increased by 14.3% in Finland and the sales of the agricultural and machinery trade were down by 8.7%.

The sales of the car trade in September were €74.0 million, up 29.1% from the previous year.

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

  September 2016Comparable
  € millionChange, %change, %

 
Grocery trade, total456.0+17.5+0.9
Building and technical trade, Finland 222.5 +50.5 +1.4
Building and technical trade, other countries 214.7 +58.9 +4.1
Building and technical trade, total437.2+54.5+2.7
Car trade, total74.0+29.1+29.1
Common functions and eliminations-0.8   
Grand total966.3+32.5+3.6
       
Finland, total 742.2 +26.4 +3.3
Other countries, total 224.1 +57.3 +5.1
Grand total966.3+32.5+3.6
    

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

  1.1. - 30.9.2016Comparable
  € millionChange, %change, %

 
Grocery trade, total3,852.4+11.1+0.2
Building and technical trade, Finland 1,601.5 +16.6 +0.8
Building and technical trade, other countries 1,455.6 +21.6 +5.7
Building and technical trade, total3,057.2+18.9+3.1
Car trade, total644.4+9.8+9.8
Common functions and eliminations-5.5  
Grand total7,548.5+13.9+2.0
     
Finland, total 6,010.5 +12.2 +0.8
Other countries, total 1,538.0 +20.9 +6.9
Grand total7,548.5+13.9+2.0
    

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 September 2016, the number of selling days in Kesko's wholesale in Finland was 22, which was the same as in the previous year. The total number of selling days in January-September 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