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Kesko's sales increased in July by 5.8%


August 12, 2011 - London

KESKO CORPORATION STOCK EXCHANGE RELEASE 12.08.2011 AT 09.00 1(2)

 

The Kesko Group's sales in July 2011, excluding VAT, totalled €780.0 million, showing an increase of 5.8%.

 

In Kesko's food trade, sales in July were €336.0 million, an increase of 0.4% compared to the previous year. Sales to the K-food store chains were up by 1.6%. Sales of Pirkka products to K-food stores increased by 28.6%.

 

In the home and speciality goods trade, sales in July were €114.6 million, a decrease of 5.1% compared to the previous year. Sales of Asko and Sotka as well as Budget Sport and Konebox chains increased.

 

In the building and home improvement trade, sales in July were €231.4 million, an increase of 6.2%. Sales in Finland were up by 6.4%. Sales abroad increased by 6.0% in terms of euros and by 8.9% in terms of local currencies. In the Baltic countries, sales were up by 7.1%. In Russia, sales increased by 19.0% in terms of euros and by 20.8% in terms of the local currency.

 

In the car and machinery trade, sales in July were €108.6 million, showing an increase of 46.2%. VV-Auto's sales in July were €68.7 million, up 43.0%. Konekesko's sales in July were €40.1 million, an increase of 52.4%.

 

Kesko Group sales in euros, excluding VAT, in July 2011:
 

  July  2011 1.1. - 31.7.2011
  € million Change, % € million Change, %
Food trade, total 336.0 0.4 2,378.5 6.3
Home and speciality goods trade, total 114.6 -5.1 809.7 -1.0
Building and home improvement trade, Finland 94.9 6.4 734.1 6.0
Building and home improvement trade, other countries 136.5 6.0 857.1 12.4
Building and home improvement trade, total 231.4 6.2 1,591.3 9.3
Car and machinery trade, total 108.6 46.2 742.7 19.6
Common operations and eliminations -10.7   -95.8  
Grand total 780.0 5.8 5,426.4 7.7
         
Finland, total 621.2 4.6 4,486.8 6.8
Other countries, total 158.9 10.7 939.6 11.9
Grand total 780.0 5.8 5,426.4 7.7

 

Change, % indicates the change over the corresponding period of the previous year.

 

The reporting of the sales and sales adjustments of the foreign operations of the building and home improvement trade has been harmonised, and sales performance has been calculated based on comparable sales figures.

 

In July 2011, the number of selling days in Kesko's wholesale in Finland was 21, which was one less than in the previous year. The total number of selling days in January-July was the same as in the previous year. The number of retail selling days in July was 31, which was the same as in the previous year. The total number of retail selling days in January-July was the same as in the previous year.

 

Kesko releases advance information on the K-Group's retail sales quarterly, in connection with the interim reports.

 

Further information is available from Senior Vice President, CFO Arja Talma, tel. +358 1053 22113.

 

 

Kesko Corporation

 

 

 

Merja Haverinen
Senior Vice President, Corporate Communications and Responsibility

 

 

DISTRIBUTION
NASDAQ OMX Helsinki
Main news media
www.kesko.fi

 




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Source: Kesko Oyj via Thomson Reuters ONE

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