Kesko Oyj
OMXH:KESKOB

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Kesko Oyj Logo
Kesko Oyj
OMXH:KESKOB
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Price: 18.31 EUR 0.99%
Market Cap: 7.3B EUR

Kesko Oyj
Investor Relations

Founded in 1940, Kesko Oyj has grown into one of Finland's most prominent retail and wholesale companies by continually adapting and evolving in response to market needs. Headquartered in Helsinki, Kesko operates through three main business divisions: grocery trade, building and technical trade, and car trade. In the grocery segment, Kesko sustains Finland's demanding consumers by managing numerous chain brands such as K-Citymarket, K-Supermarket, and K-Market. These chains have become household names through a combination of centralized purchasing, efficient logistics, and a franchise-based model. By collaborating closely with local entrepreneurs who own and operate the stores, Kesko maximizes its reach and ensures that its offerings are finely attuned to regional preferences and demands.

Beyond groceries, Kesko has strategically diversified into the building and technical trade through its various chains like K-Rauta, Onninen, and Senukai, serving both professional builders and DIY customers across Northern and Eastern Europe. This segment not only spans traditional hardware and building supplies but also extends to electrical and industrial products. Kesko's car trade division, a comprehensive operation under brands like K-Caara, integrates the sale of new and used cars with maintenance services and financing options, thus meeting a wide array of automotive needs under one roof. By maintaining a keen focus on innovation and sustainability across all its lines of business, Kesko ensures steady growth and reinforces its position as a bastion of Finnish commerce, while generating substantial revenue streams from its diversified avenues, directly from customer purchases and indirectly through associated services.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 30, 2025
AI Summary
Q3 2025

Results Improvement: Kesko delivered improved results in Q3 2025, with net sales and comparable operating profit up in all three divisions.

Guidance Update: The company narrowed its 2025 profit guidance to EUR 640–690 million, citing slower-than-expected recovery in Building and Technical Trade.

Grocery Trade: Grocery Trade saw market share stabilize, strong profitability, and ongoing benefits from its price program, with an EBIT margin above 6%.

Building & Technical Trade: Sales grew in Denmark, Poland, and the Baltics, but margins were pressured by intense price competition and a slow construction recovery.

Car Trade: Car Trade reported clear growth in both sales and operating profit, gaining significant market share in new cars.

CapEx Plans: Grocery store site investments are expected to be EUR 200–250 million annually, a slight increase from historical norms.

2026 Outlook: Kesko expects operating environments and results to improve in all divisions and countries in 2026.

Key Financials
Net Sales
Over EUR 3.2 billion
Rolling 12 Months Net Sales
Almost EUR 12.3 billion
Comparable Operating Profit
EUR 208.1 million
Operating Margin
6.4%
Rolling 12 Months Operating Profit
EUR 651.2 million
Rolling 12 Months Operating Margin
5.3%
Return on Capital Employed
10.6%
Net Debt to EBITDA
1.8
Capital Expenditure
EUR 141 million
Grocery Trade Net Sales
Over EUR 1.6 billion
Grocery Trade Comparable Operating Profit
EUR 117.5 million
Grocery Trade Profitability (Q3)
7.1%
Rolling 12 Months Grocery Trade Net Sales
EUR 6.4 billion
Rolling 12 Months Grocery Trade Operating Profit
EUR 424 million
Rolling 12 Months Grocery Trade Operating Margin
6.6%
K Group Grocery Sales
Up by 3.6%
Kespro Net Sales
Down by 0.2%
K-Citymarket Non-food Sales
Up by 3.2%
Online Grocery Sales
Up by 9.9%
Online Sales Share of Total Grocery
3.9%
General Grocery Price Inflation (Finland)
2.7%
K Group Store Price Development
1.2%
Building and Technical Trade Net Sales
Over EUR 1.2 billion
Building and Technical Trade Comparable Net Sales Growth
1.3%
Technical Trade Comparable Net Sales Growth
3%
Building and Home Improvement Trade Comparable Net Sales
Declined by 0.2%
Rolling 12 Months Building and Technical Trade Net Sales
Over EUR 4.5 billion
Building and Technical Trade Comparable Operating Profit
EUR 71.7 million
Building and Technical Trade Operating Margin
5.8%
Rolling 12 Months Building and Technical Trade Operating Profit
EUR 170.4 million
Rolling 12 Months Building and Technical Trade Operating Margin
3.7%
Car Trade Net Sales (Q3)
EUR 355 million
Rolling 12 Months Car Trade Net Sales
Over EUR 1.3 billion
Car Trade Comparable Operating Profit (Q3)
EUR 22.7 million
Car Trade Operating Margin (Q3)
6.4%
Rolling 12 Months Car Trade Operating Profit
Over EUR 82.5 million
Rolling 12 Months Car Trade Operating Margin
6.1%
First Registration of Passenger Cars and Vans
Up by 2.5%
First Registration of Kesko Brands
Up by 18.2%
Used Car Sales
Up by 25%
Earnings Call Recording
Other Earnings Calls

Management

Ms. Anu Hamalainen M.Sc., M.Sc. (Econ.)
Executive VP, CFO & Member of Group Management Board
No Bio Available
Mr. Ari Akseli M.Sc. (Econ.)
President of Grocery Trade & Member of Group Management Board
No Bio Available
Mr. Matti Antero Mettala
Executive VP of HR & Member of Group Management Board
No Bio Available
Ms. Karoliina Partanen
EVP of Communications, Brand & Stakeholder Relations and Member of Management Board
No Bio Available
Mr. Sami Kiiski M.Sc.
President of Building & Technical Trade Division and Member of Group Management Board
No Bio Available
Ms. Johanna Ali M.Sc.
President of the Car Trade Division & Member of Group Management Board
No Bio Available
Mr. Arto Hiltunen eMBA, M.Sc., M.Sc. (Econ.)
Chief Information Officer & VP of IT Management
No Bio Available
Ms. Hanna Jaakkola M.Sc.BA.
Vice President of Investor Relations
No Bio Available
Riikka Toivonen
Head of K Publicity
No Bio Available
Mr. Heikki Ala-Seppälä M.Sc. (Econ.)
Group Treasurer
No Bio Available

Contacts

Address
ETELA-SUOMEN
Helsinki
Tyopajankatu 12
Contacts
+358105311.0
www.kesko.fi