Kesko Corporation issues a positive profit warning due to better-than-anticipated market development in building and technical trade
Kesko raises its profit guidance for 2022. Kesko now estimates that its comparable operating profit in 2022 will be in the range of €730–840 million. Before, the company estimated that the comparable operating profit would be in the range of €680–800 million. In 2021, Kesko’s comparable operating profit totalled €775.5 million. Guidance upgrade rationale Kesko has become the leading operator in Northern European building and technical trade. Successful strategic choices, including increased focus on B2B trade, improve our profitability. Demand in building and technical trade is