KESKO PRESS RELEASE 14.03.2017 AT 09.00 1(2)
Kesko's sales increased in February
Kesko Group's sales in February 2017 totalled €813.5 million, and were up 23.9%. In comparable terms, excluding the impact of business arrangements, sales in local currencies decreased by 1.7%. There was one less delivery day than in the previous year.
"Kesko's sales continued to increase in February due to acquisitions. Sales performance in the grocery trade and in the building and technical trade was weakened by the fact that there was one less delivery day than in the previous year," says Kesko's President and CEO Mikko Helander.
The sales of the grocery trade in February were €387.5 million, representing an increase of 9.0%. Suomen Lähikauppa excluded, the sales of the grocery trade were €337.2 million, and the comparable change in sales was -3.0%.
The sales of the building and technical trade in February were €351.0 million, up 49.8%. Onninen excluded, the sales of the building and technical trade were €236.0 million, down 2.4% in local currencies. In Finland, sales were down by 0.6% excluding Onninen. Outside Finland, sales in local currencies decreased by 4.9% excluding Onninen. The sales of the building and home improvement trade in local currencies were down by 0.3%. The sales of the leisure goods trade in Finland grew by 3.6%, the sales of the agricultural and machinery trade decreased by 6.3% and the sales of the furniture trade were down by 5.2%.
The sales of the car trade in February were €76.3 million, up 13.2% from the previous year. AutoCarrera excluded, the sales of the car trade were €72.8 million, representing a comparable change of +8.0%.
Kesko Group's sales in euros, excluding VAT, in February 2017:
| February 2017 | Comparable | ||
| € million | Change, % | change, % | |
| Grocery trade, total | 387.5 | +9.0 | -3.0 |
| Building and technical trade, Finland | 193.6 | +40.3 | -0.6 |
| Building and technical trade, other countries | 157.7 | +63.5 | -4.9 |
| Building and technical trade, total | 351.0 | +49.8 | -2.4 |
| Car trade, total | 76.3 | +13.2 | +8.0 |
| Common functions and eliminations | -1.3 | ||
| Grand total | 813.5 | +23.9 | -1.7 |
| Finland, total | 656.1 | +18.8 | -1.2 |
| Other countries, total | 157.4 | +50.8 | -4.9 |
| Grand total | 813.5 | +23.9 | -1.7 |
Kesko Group's sales in euros, excluding VAT, in January-February 2017:
| 1.1.-28.2.2017 | Comparable | ||
| € million | Change, % | change, % | |
| Grocery trade, total | 787.1 | +13.8 | +0.7 |
| Building and technical trade, Finland | 373.4 | +51.7 | +5.4 |
| Building and technical trade, other countries | 315.2 | +70.8 | +0.4 |
| Building and technical trade, total | 688.7 | +59.9 | +3.2 |
| Car trade, total | 167.2 | +7.6 | +2.4 |
| Common functions and eliminations | -2.0 | ||
| Grand total | 1,640.9 | +28.5 | +1.6 |
| Finland, total | 1,325.7 | +23.1 | +1.8 |
| Other countries, total | 315.2 | +57.5 | +0.4 |
| Grand total | 1,640.9 | +28.5 | +1.6 |
Change, %, indicates the change compared to the corresponding period of the previous year. Comparable change, %, indicates the change compared to the corresponding period of the previous year in local currencies and excluding the impact of acquisitions and disposals.
In February 2017, the number of selling days in Kesko's wholesale in Finland was 20, which was one less than in the previous year. In January-February 2017, the number of selling days in Kesko's wholesale was one more than in the previous year.
Kesko releases advance information on K Group's retail sales quarterly, in connection with interim reports.
Further information is available from Vice President, Group Controller Eva Kaukinen, tel. +358 105 322 338.
Kesko Corporation
DISTRIBUTION Main news media www.kesko.fi
