Kesko Corporation issues a positive profit warning thanks to stronger than anticipated sales and improved outlook for the remainder of the year
Kesko raises its guidance for the 2020 comparable operating profit for its continuing operations. Kesko now estimates that the comparable operating profit for continuing operations will be in the range of €510-570 million in 2020. The guidance upgrade is based on better than anticipated sales development in all divisions, improved cost efficiency, and a more positive outlook for the remainder of the year. On 17 September 2020, Kesko issued a release concerning a change in the consolidation method of Kesko Senukai and impacts of the change. In the operating profit guidance issued now,