Kesko Corporation issues a positive profit warning and provides preliminary information on its first-quarter net sales and comparable operating profit
Kesko raises its guidance for its comparable operating profit in 2021. The company now estimates that its comparable operating profit in 2021 will be in the range of €570-670 million. Before, the company estimated that the comparable operating profit would be in the range of €520-620 million. The guidance upgrade is based on better-than-anticipated sales development in all divisions and a more positive outlook for the remainder of the year. The illustrative comparable operating profit in 2020 was €554 million. Kesko’s net sales for the first quarter of 2021 totalled approximately €2,539