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Kesko’s sales in October

Kesko’s sales increased by 6.2% in October, or by 2.2% in comparable terms.”Kesko’s sales grew by 6.2% in October. Sales grew in all divisions. In grocery trade, sales increased especially in Kespro’s foodservice business. In building and technical trade, sales in building and home improvement trade increased thanks to the Davidsen acquisition. In car trade, sales increased in all business areas. The number of delivery days was up by one in all divisions in October,” says Jorma Rauhala, Kesko’s President and CEO. Sales in the grocery trade division totalled €565.6 million in October, up

Kesko Corporation: Disclosure in compliance with Chapter 9, Section 10 of the Finnish Securities Markets Act (08.11.2024)

Kesko Corporation has on 11 November 2024 received a notification pursuant to Chapter 9, Section 10 of the Finnish Securities Markets Act from BlackRock, Inc. According to the notification, on 8 November 2024, BlackRock, Inc.’s holding in Kesko Corporation, including holding through financial instruments, fell below the threshold of five (5) per cent of shares. According to the notification of BlackRock, Inc.: % of % of shares Total Total number of shares shares and voting of and voting rights of and

Kesko Corporation: Disclosure in compliance with Chapter 9, Section 10 of the Finnish Securities Markets Act (07.11.2024)

Kesko Corporation has on 8 November 2024 received a notification pursuant to Chapter 9, Section 10 of the Finnish Securities Markets Act from BlackRock, Inc. According to the notification, on 7 November 2024, BlackRock, Inc.’s holding in Kesko Corporation, including holding through financial instruments, has exceeded the threshold of five (5) per cent of shares. According to the notification of BlackRock, Inc.: % of % of shares Total Total number of shares shares and voting of and voting rights of and

Kesko updates its sustainability strategy

Kesko has updated its sustainability strategy, setting emission reduction targets for its own operations extending to 2034. Over the next 10 years, Kesko will be increasing its investments in energy efficiency and the electrification of transports in an effort to reduce emissions. In the updated strategy, Kesko has also placed increased focus on supply chain sustainability, water use and biodiversity.The Board of Directors of Kesko Corporation has approved an updated sustainability strategy for the company and its three business divisions. The focus areas of the updated strategy are climate

Kesko interim report 1.1.-30.9.2024: A turn for the better in building and technical trade

Financial performance in brief: 7-9/2024 · Group net sales in July-September totalled €3,026.6 million (€2,949.1 million); reported net sales grew by 2.6% while comparable net sales were down by 0.8%. · Comparable operating profit totalled €201.5 million (€208.1 million) · Operating profit totalled €202.1 million (€206.6 million) · Cash flow from operating activities totalled €285.6 million (€394.9 million) · Comparable earnings per share €0.34 (€0.38); reported earnings per share €0.35 (€0.37). 1-9/2024 · Group net sales in January-September totalled €8,

Kesko’s sales in September

Kesko’s sales increased by 1.9% in September, while decreasing by 2.0% in comparable terms.”Kesko’s sales grew by 1.9% in September. Sales increased in grocery trade and in building and technical trade. In the latter, sales in building and home improvement trade increased due to the Davidsen acquisition. Sales in car trade decreased. The number of delivery days in September was down by one year-on-year in grocery trade, and flat in Kespro and building and technical trade,” says Jorma Rauhala, Kesko’s President and CEO. Sales in the grocery trade division totalled €526.3 million in

Invitation to Kesko’s Q3 interim report briefing on Wednesday, 30 October 2024

A stock exchange release concerning Kesko's interim report for January-September 2024 will be published on Wednesday, 30 October 2024, at around 8.00 am (EET/EEST).A teleconference in English will be held at 9.00 am (EET/EEST). It will include a presentation by the President and CEO Jorma Rauhala, after which he and the Presidents of the three business divisions will be available for questions. The link to the teleconference is available at www.kesko.fi/report-centre 

Listing prospectus for Kesko’s EUR 300 million green notes available

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, SINGAPORE OR SUCH OTHER COUNTRIES OR OTHERWISE IN SUCH CIRCUMSTANCES IN WHICH THE OFFERING OF THE NOTES OR THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. Kesko Corporation (“Kesko”) announced its decision to issue green notes of EUR 300 million on 25 September 2024 (the “Notes”). The Notes mature on 2 February 2030 and they carry annual interest of 3.500 percent. The issue price of the Notes is 99.317 percent. The

Kesko issues EUR 300 million green notes

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, SINGAPORE OR SUCH OTHER COUNTRIES OR OTHERWISE IN SUCH CIRCUMSTANCES IN WHICH THE OFFERING OF THE NOTES OR THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. Kesko Corporation (“Kesko”) issues senior unsecured green notes of EUR 300 million (the “Notes”). The maturity of the Notes is approximately five years and four months and they mature on 2 February 2030. The Notes carry fixed annual interest of 3.500 percent. The issue

Kesko Corporation: Disclosure in compliance with Chapter 9, Section 10 of the Finnish Securities Markets Act (20.9.2024)

Kesko Corporation has on 23 September 2024 received a notification pursuant to Chapter 9, Section 10 of the Finnish Securities Markets Act from BlackRock, Inc. According to the notification, on 20 September 2024, BlackRock, Inc.’s holding in Kesko Corporation, including holding through financial instruments, fell below the threshold of five (5) per cent of shares. According to the notification of BlackRock, Inc.: % of % of shares Total of Total number of shares shares and voting both in % and voting rights of and

Composition of Kesko's Shareholders' Nomination Committee

Kesko's Shareholders' Nomination Committee comprises three members: two are appointed by Kesko’s largest shareholders, and the third is the Chair of Kesko’s Board of Directors. The right of nomination of members representing the shareholders belongs to those two shareholders whose share of votes conferred by all shares in Kesko is the largest according to the register of shareholders maintained by Euroclear Finland Ltd on 1 September preceding the Annual General Meeting. The two largest shareholders in Kesko on 1 September 2024 were K-Retailers' Association and Ilmarinen Mutual Pension

Kesko Corporation: Disclosure in compliance with Chapter 9, Section 10 of the Finnish Securities Markets Act (19.9.2024)

Kesko Corporation has on 20 September 2024 received a notification pursuant to Chapter 9, Section 10 of the Finnish Securities Markets Act from BlackRock, Inc. According to the notification, on 19 September 2024, BlackRock, Inc.’s holding in Kesko Corporation, including holding through financial instruments, reached the threshold of five (5) per cent of shares. According to the notification of BlackRock, Inc.: % of % of shares Total Total number of shares shares and voting of and voting rights of and

Kesko considers issuance of green notes

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, SINGAPORE OR SUCH OTHER COUNTRIES OR OTHERWISE IN SUCH CIRCUMSTANCES IN WHICH THE OFFERING OF THE NOTES OR THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. Kesko Corporation (“Kesko”) is considering an issuance of euro-denominated senior unsecured green notes with an expected principal amount of EUR 300 million (the “Notes”). The potential Notes issue is expected to take place in the near future subject to market

Kesko signs a sustainability-linked loan with the Nordic Investment Bank

Kesko has signed a €150 million 7-year sustainability-linked loan with the Nordic Investment Bank (NIB), where the interest rate margin is tied to the attainment of certain sustainability targets set for greenhouse gas emissions and food waste. At the end of June 2024, more than half of all Kesko loans were sustainability-linked.The new loan will support Kesko’s ambition to minimise impact on the climate and nature through its own operations and its value chain. The loan’s interest rate margin is tied to three key performance indicators (KPIs) aligned with sustainability targets that are

Kesko’s sales in August

Kesko’s sales decreased by 0.7% in August, or by 3.9% in comparable terms.”Kesko’s sales in August decreased by 0.7%. Sales decreased in the grocery trade and car trade divisions. In the building and technical trade division, sales in building and home improvement trade increased as a result of the Davidsen acquisition. The number of delivery days was down by 1 year-on-year in Kespro and in building and technical trade, which impacted sales performance,” says Jorma Rauhala, Kesko’s President and CEO. Sales in the grocery trade division totalled €566.6 million in August, down by 1.9%.

Market Court dismisses penalty payment proposed for Onninen Oy

The Finnish Competition and Consumer Authority investigated actions by Kesko Group company Onninen as well as several other companies in the HPAC infra plastic pipe product market for nearly a decade. The investigation concerned events between 2009 and 2016. Kesko was aware of the ongoing investigation when it acquired Onninen in 2016. Kesko has not at any point of the investigation been suspected of violations.The Finnish Competition and Consumer Authority (FCCA) initiated an investigation into the HPAC infra plastic pipe product market in Finland in 2013, concerning a wide range of

Kesko to significantly expand operations in Denmark by acquiring three central building and home improvement trade operators

Kesko has agreed to acquire three builders’ merchants in Denmark: Roslev Trælasthandel A/S, Tømmergaarden A/S, and CF Petersen & Søn A/S. The combined net sales of the three operators total some €400 million. The acquisitions are part of the execution of Kesko’s growth strategy in Northern Europe, and once completed, will make Kesko’s subsidiary Davidsen a significant nationwide operator in the Danish builders’ merchant market.“Kesko has a growth strategy: our target is to grow our B2B building and technical trade business in Northern Europe. The Davidsen acquisition was a strategic step

Kesko’s sales in July

Kesko’s sales grew by 7.4% in July, or by 4.1% in comparable terms.”Kesko’s sales increased by 7.4% in July. Sales increased in the grocery trade division and the building and technical trade division, and decreased in the car trade division. Delivery days were up by 1 or 2 year-on-year, depending on the business – this had an impact on sales performance. Building and home improvement trade sales increased due to the Davidsen acquisition,” says Jorma Rauhala, Kesko’s President and CEO. Sales in the grocery trade division totalled €539.4 million in July, up by 5.1%. The number of delivery

Kesko’s financial reporting and Annual General Meeting in 2025

The 2025 calendar for Kesko Group's financial reporting concerning the years 2024 and 2025 is as follows: · Year 2024 financial statements release on 5 February 2025 · Year 2024 Annual Report (incl. the financial statements and the Report by the Board of Directors) will be published in week 9 at the latest  · Year 2025 3-month interim report on 29 April 2025 · Year 2024 6-month half-year financial report on 22 July 2025 · Year 2024 9-month interim report on 30 October 2025 Kesko Corporation's Annual General Meeting is planned for 24.3.2025. The meeting will be convened

Kesko half-year financial report 1.1.-30.6.2024: Good performance in a weak market

FINANCIAL PERFORMANCE IN BRIEF: 4-6/2024 · Group net sales in April-June totalled €3,093.4 million (€3,104.7 million); reported net sales were down by 0.4%, and comparable net sales by 4.1% · Comparable operating profit totalled €178.3 million (€207.6 million) · Operating profit totalled €159.2 million (€206.3 million) · Cash flow from operating activities totalled €309.0 million (€285.2 million) · Comparable earnings per share €0.30 (€0.38); reported earnings per share €0.26 (€0.38) 1-6/2024 · Group net sales in January-June totalled €5,852.9 million (€5,932.7

Kesko’s sales in June

Kesko’s sales decreased by 7.5% in June, or by 11.3% in comparable terms.”Kesko’s sales decreased by 7.5% in June. Sales decreased in comparable terms in all divisions. The number of delivery days was down by 1-2 days year-on-year, depending on the business, which had an impact on sales performance. Building and home improvement sales increased in the building and technical trade division thanks to the Davidsen acquisition,” says Jorma Rauhala, Kesko’s President and CEO. Sales in the grocery trade division totalled €536.1 million in June, down by 7.8%. Sales to K Group grocery stores

Change in the holding of Kesko Corporation's treasury shares

Kesko Corporation has today transferred a total of 182 of its own B shares (KESKOB) held by the Company as treasury shares to a key person who was included in the target group for the PSP 2022-2025 share-based commitment and incentive plan in the 2022-2023 performance periods.The transfer of the shares is based on a decision by Kesko's Board of Directors, announced in a stock exchange release on 8 February 2024.The gross number of shares transferred today was 363 B shares, from which the applicable transfer tax and withholding tax has been deducted and the remaining net amount (182 B

Time Magazine ranked the 500 world’s most sustainable companies for the first time – 13 companies from Finland made the list, Kesko was ranked the most sustainable trading sector company in Finland

Time Magazine has listed the most sustainable companies in the world based on an extensive assessment. In this first assessment, 13 Finnish companies were ranked among the world’s most sustainable companies. Kesko is the best trading sector company in Finland and globally the tenth most sustainable in its industry.Time Magazine and research company Statista have conducted their first, large-scale sustainability assessment to promote sustainability and sustainable practices. The world’s 5,000 leading companies were assessed against more than 20 environmental and social responsibility

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