Kesko’s sales grew in December
Kesko Group's sales totalled €968.2 million in December 2022, an increase of 1.8% in comparable terms.
”Sales grew in December in grocery trade and car trade. In the grocery trade division, sales growth was particularly strong in Kespro, and Christmas sales met expectations. In the building and technical trade division, sales were at a good level overall. In the car trade division, sales were up by 11.4%,” says Kesko’s President and CEO Mikko Helander.
Sales in the grocery trade division totalled €578.7 million in December, an increase of 2.4%. Grocery sales to K Group grocery stores increased by 0.5% year-on-year. Sales in K-Citymarket’s home and speciality goods (non-food) decreased. Kespro’s sales grew by 16.9%.
Sales in the building and technical trade division totalled €313.9 million in December, a decrease of 1.2% in comparable terms in local currencies. Excluding speciality goods trade, division sales were flat year-on-year. In comparable terms, sales decreased by 4.7% in Finland. In Sweden, sales grew by 7.2% and in Norway by 7.3%. In the speciality goods trade, leisure trade sales decreased by 18.0%. Reported sales in the building and technical trade division decreased by 1.8%.
Sales in the car trade division totalled €78.8 million in December, an increase of 11.4%. The availability of new cars continued to have a negative impact on sales development. Registrations of new cars were down by 5.3% in passenger cars and up by 11.8% in vans compared to the year before.
Kesko Group's sales totalled €968.2 million in December, an increase of 1.8% in comparable terms.
Kesko Group's sales in euros, excluding VAT, in December 2022:
| December 2022 | Comparable | ||
| € million | Change, % | change, % | |
| Grocery trade, total | 578.7 | +2.4 | +2.4 |
| Building and technical trade, Finland | 167.2 | -6.6 | -6.6 |
| Building and technical trade, other countries | 146.7 | +4.3 | +5.6 |
| Building and technical trade, total | 313.9 | -1.8 | -1.2 |
| Car trade, total | 78.8 | +11.4 | +11.4 |
| Common functions and eliminations | -3.3 | ||
| Grand total | 968.2 | +1.6 | +1.8 |
| Finland, total | 821.4 | +1.2 | +1.2 |
| Other countries, total | 146.7 | +4.3 | +5.6 |
| Grand total | 968.2 | +1.6 | +1.8 |
Kesko Group's sales in euros, excluding VAT, in October-December 2022:
| 1.10.-31.12.2022 | Comparable | ||
| € million | Change, % | change, % | |
| Grocery trade, total | 1,638.8 | +4.4 | +4.4 |
| Building and technical trade, Finland | 623.1 | +3.3 |
+3.3 |
| Building and technical trade, other countries | 554.9 |
+3.8 |
+5.8 |
| Building and technical trade, total | 1,178.0 | +3.5 | +4.4 |
| Car trade, total | 233.9 | +5.6 | +5.6 |
| Common functions and eliminations | -8.6 | ||
| Grand total | 3,042.0 | +4.1 | +4.5 |
| Finland, total | 2,487.1 | +4.2 | +4.2 |
| Other countries, total | 554.9 | +3.8 | +5.8 |
| Grand total | 3,042.0 | +4.1 | +4.5 |
Kesko Group's sales in euros, excluding VAT, in January-December 2022:
| 1.1.-31.12.2022 | Comparable | ||
| € million | Change, % | change, % | |
| Grocery trade, total | 6,188.3 | +4.0 | +4.0 |
| Building and technical trade, Finland | 2,672.6 | +9.4 | +10.0 |
| Building and technical trade, other countries | 2,291.0 | +9.7 | +8.5 |
| Building and technical trade, total | 4,963.6 | +9.5 |
+9.3 |
| Car trade, total | 918.5 | -11.5 | -11.5 |
| Common functions and eliminations | -31.7 | ||
| Grand total | 12,038.6 | +4.7 | +4.6 |
| Finland, total | 9,747.6 | +3.6 | +3.7 |
| Other countries, total | 2,291.0 | +9.7 | +8.5 |
| Grand total | 12,038.6 | +4.7 | +4.6 |
Change % indicates the change when compared to the corresponding period of the previous year. The comparable change % has been calculated in local currencies and excluding the impact of acquisitions and divestments completed in 2021 and 2022.
The reported sales for Kesko Group include the acquisitions and divestments completed in 2021 and 2022, in accordance with the dates of completion. In 2021, the building and technical trade division completed the acquisition of Byggarnas Partner and discontinued the operations of the Kookenkä shoe store chain. In 2022, Kesko completed the acquisitions of the Swedish Kungälvs Trävaruaktiebolaget in March, Föllinge Såg AB and Djurbergs Järnhandel Aktiebolaget in September, and XL-BYGG Bergslagen AB in October, as well as the acquisition of the Norwegian Seljord Elektriske AS in June.
In both December and October-December 2022, the number of delivery days was down by 1 on the previous year in both Kesko’s grocery trade and in building and technical trade in Finland. In building and technical trade in Sweden and Norway, the number of delivery days was flat year-on-year for both December and October-December. In January-December, the number of delivery days equalled that of the previous year in both Kesko’s grocery trade and in building and technical trade in Finland and Sweden, while in Norway, delivery days were up by 1. Saturdays are wholesale delivery days in grocery trade, but not in building and technical trade. Under normal circumstances, one delivery day has an approximately 2-4% impact on Kesko’s wholesale, depending on the division. The number or timing of delivery days in car trade does not have a similar impact on sales.
Car trade market statistics by the Finnish Information Centre of Automobile Sector.
Kesko publishes advance information on the retail sales of K Group stores quarterly in connection with interim reports.
Further information is available from Hanna Jaakkola, Vice President, Investor Relations, tel. +358 105 323 540, and Eva Kaukinen, Vice President, Group Controller, tel. +358 105 322 338.
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