KESKO PRESS RELEASE 13.10.2017 AT 09.00 1(3)
Kesko's sales grew in comparable terms in September
Kesko Group's sales totalled €904.1 million in September 2017, an increase of 0.6% in comparable terms. Reported total sales decreased by 6.4%.
"Kesko's sales grew in comparable terms in September thanks to good sales development in the grocery trade. Sales in the grocery trade and the building and technical trade were weakened by one less delivery day than the year before," says Kesko's President and CEO Mikko Helander.
Sales in the grocery trade totalled €441.9 million in September, an increase of 2.9% in comparable terms. Comparable sales grew in all K-food retail chains. The reported sales for September decreased by 3.1%, due to network changes in the former Suomen Lähikauppa chain and the divestment of the grocery trade business in Russia the previous year.
Sales in the building and technical trade totalled €387.8 million in September, a decrease of 1.0% in comparable terms in local currencies. Comparable sales in Finland grew by 1.0% and decreased abroad by 2.7%. Sales in the building and technical trade excluding the speciality goods trade increased by 0.4% in local currencies. Sales in the speciality goods' leisure trade decreased by 2.9% in Finland and sales in the machinery trade decreased by 26.9%. The reported sales in the building and technical trade decreased by 11.3% and were impacted by the number of delivery days as well as the divestment of the K-maatalous business and the furniture trade in the second quarter. Car trade sales in September totalled €74.3 million, representing a decrease of 3.9% in comparable terms. The reported sales grew by 0.5% including the acquisition of AutoCarrera.
Kesko Group's sales in euros, excluding VAT, in September 2017:
| September 2017 | Comparable | ||
| € million | Change, % | change, % | |
| Grocery trade, total | 441.9 | -3.1 | +2.9 |
| Building and technical trade, Finland | 179.6 | -19.3 | +1.0 |
| Building and technical trade, other countries | 208.2 | -3.0 | -2.7 |
| Building and technical trade, total | 387.8 | -11.3 | -1.0 |
| Car trade, total | 74.3 | +0.5 | -3.9 |
| Common functions and eliminations | 0.0 | ||
| Grand total | 904.1 | -6.4 | +0.6 |
| Finland, total | 695.9 | -6.2 | +1.7 |
| Other countries, total | 208.2 | -7.1 | -2.7 |
| Grand total | 904.1 | -6.4 | +0.6 |
Kesko Group's sales in euros, excluding VAT, for July-September 2017:
| 01/07/17-30/09/17 | Comparable change, % | ||
| € million | Change, % | € million | |
| Grocery trade, total | 1,325.5 | -4.0 | +2.3 |
| Building and technical trade, Finland | 516.9 | -19.0 | +1.0 |
| Building and technical trade, other countries | 636.4 | +0.2 | +0.3 |
| Building and technical trade, total | 1,153.3 | -9.4 | +0.6 |
| Car trade, total | 216.4 | +12.4 | +3.7 |
| Common functions and eliminations | 0.4 | ||
| Grand total | 2,695.6 | -5.2 | +1.7 |
| Finland, total | 2,059.2 | -5.6 | +2.2 |
| Other countries, total | 636.4 | -4.1 | +0.3 |
| Grand total | 2,695.6 | -5.2 | +1.7 |
Kesko Group's sales in euros, excluding VAT, for January-September 2017:
| 01/01/17-30/09/17 | Comparable change, % | ||
| € million | Change, % | € million | |
| Grocery trade, total | 3,920.6 | +1.8 | +1.6 |
| Building and technical trade, Finland | 1,778.8 | +11.1 | +1.1 |
| Building and technical trade, other countries | 1,802.6 | +23.8 | +0.1 |
| Building and technical trade, total | 3,581.4 | +17.1 | +0.6 |
| Car trade, total | 708.4 | +9.9 | +3.3 |
| Common functions and eliminations | -2.1 | ||
| Grand total | 8,208.3 | +8.7 | +1.4 |
| Finland, total | 6,405.8 | +6.6 | +1.7 |
| Other countries, total | 1,802.6 | +17.2 | +0.1 |
| Grand total | 8,208.3 | +8.7 | +1.4 |
Change, % indicates the change when compared to the corresponding period of the previous year. The comparable change % has been calculated for the grocery trade by including those stores formerly belonging to Suomen Lähikauppa, and which have belonged to the network in both years, in the sales. The comparable change % in the building and technical trade as well as the car trade has been calculated in local currencies and excluding the impact of acquisitions and divestments.
In September 2017, the number of Kesko's wholesale selling days in Finland was 21, which is one less day than the year before. In July - September, there were 65 selling days, which is one less day than the year before. In January - September 2017, there was one less wholesale selling day in Finland compared to the year before.
In connection with interim reports, Kesko publishes advance information on K Group's retail sales quarterly.
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
