Kesko Corporation issues a positive profit warning and provides preliminary information on its third-quarter net sales and comparable operating profit
Kesko raises its profit guidance for 2021. The company now estimates that its comparable operating profit in 2021 will be in the range of €740 – 800 million. Before, the company estimated that the comparable operating profit would be in the range of €650 – 750 million. The guidance upgrade is based on better-than-anticipated sales growth and profit development especially in the building and technical trade division, and the division’s more positive outlook for the remainder of the year. In 2020, Kesko’s illustrative comparable operating profit totalled €554 million. In the third quarter