Kesko’s comparable sales grew in November

Kesko Group's sales totalled €901.6 million in November 2017, an increase of 3.0% in comparable terms. Reported total sales decreased by 4.9%.

”Kesko’s sales grew in comparable terms in all divisions in November. Sales grew in particular in the grocery trade and in the building and technical trade,” says Kesko’s President and CEO Mikko Helander.

Sales in the grocery trade totalled €456.2 million in November, an increase of 3.4% in comparable terms. Sales grew in all chains. The reported sales for November decreased by 3.2%, affected by changes in the former Suomen Lähikauppa store site network and by the divestment of the business in Russia the previous year.

Sales in the building and technical trade totalled €359.2 million in November, an increase of 3.4% in comparable terms in local currencies. Comparable sales grew by 3.7% in Finland and by 3.1% in other countries. Sales in the building and technical trade excluding the speciality goods trade grew by 5.6% in local currencies. Sales in the speciality goods' leisure trade decreased by 3.5% in Finland, and sales in the machinery trade decreased by 41.3%. The reported sales in the building and technical trade decreased by 9.0%, and were impacted by the divestment of the K-maatalous business and the furniture trade in the second quarter.

Sales in the car trade totalled €86.4 million in November, representing an increase 0.6% in comparable terms. The reported sales increased by 6.3% including the acquisition of AutoCarrera.

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

November 2017 Comparable
€ million Change, % change, %
Grocery trade, total 456.2 -3.2 +3.4
Building and technical   trade, Finland 164.1 -18.3 +3.7
Building and technical   trade, other countries 195.1 +0.6 +3.1
Building and technical   trade, total 359.2 -9.0 +3.4
Car trade, total 86.4 +6.3 +0.6
Common functions and   eliminations -0.3
Grand total 901.6 -4.9 +3.0
Finland, total 706.5 -4.9 +2.9
Other countries, total 195.1 -4.7 +3.1
Grand total 901.6 -4.9 +3.0

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

01/01/17-30/11/17 Comparable
€ million Change, % change, %
Grocery trade, total 4,826.5 +1.1 +2.3
Building and technical   trade, Finland 2,122.0 +5.1 +1.5
Building and technical   trade, other countries 2,206.1 +19.1 +0.9
Building and technical   trade, total 4,328.1 +11.8 +1.2
Car trade, total 869.8 +8.6 +2.2
Common functions and   eliminations -1.8
Grand total 10,022.5 +6.2 +1.8
Finland, total 7,816.5 +4.4 +2.1
Other countries, total 2,206.1 +12.8 +0.9
Grand total 10,022.5 +6.2 +1.8

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 excluding the impact of acquisitions and divestments. 

In November 2017, the number of Kesko's wholesale selling days in Finland was 22, which equals the number of wholesale selling days the year before. In January-November 2017, the number of Kesko's wholesale selling days in Finland was the same as the year before. 

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

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