KESKO CORPORATION STOCK EXCHANGE RELEASE 12.08.2016 AT 09.00 1(2)
Kesko's sales increased in July
Kesko Group's sales in July 2016 totalled €893.3 million and were up 14.8%. In comparable terms, sales decreased by 6.0% in local currencies, excluding the impact of Suomen Lähikauppa and Onninen. There were two selling less days than in the previous year.
"In July, Kesko's sales increased due to acquisitions. The sales performance in Finland was weakened by the fact that there were two delivery days less than in the previous year," says Kesko's President and CEO Mikko Helander.
The sales of Kesko's grocery trade in July were €447.2 million and increased by 11.0%. Suomen Lähikauppa excluded, the sales of the grocery trade were €376.5 million, representing a comparable change of -6.2%.
The sales of the building and technical trade in July were €390.1 million, up 25.6%. Excluding Onninen, the sales of the building and technical trade were €289.7 million, down 4.3% in local currencies. In Finland, excluding Onninen, sales were down by 10.7%, but the market position continued to strengthen. Outside Finland, excluding Onninen, sales increased by 1.3% in local currencies. The sales of the building and home improvement trade decreased by 2.2% in local currencies. The sales of the leisure trade decreased by 14.7% in Finland and the sales of the agricultural and machinery trade were down by 4.9%.
The sales of the car trade in July were €56.2 million, down 10.8% from the previous year.
Kesko Group's sales in euros, excluding VAT, in July 2016:
| July 2016 | Comparable | ||
| € million | Change, % | change, % | |
| Grocery trade, total | 447.2 | +11.0 | -6.2 |
| Building and technical trade, Finland | 187.7 | +28.7 | -10.7 |
| Building and technical trade, other countries | 202.4 | +22.9 | +1.3 |
| Building and technical trade, total | 390.1 | +25.6 | -4.3 |
| Car trade, total | 56.2 | -10.8 | -10.8 |
| Common functions and eliminations | -0.2 | ||
| Grand total | 893.3 | +14.8 | -6.0 |
| Finland, total | 681.3 | +12.9 | -7.4 |
| Other countries, total | 212.0 | +21.6 | +2.0 |
| Grand total | 893.3 | +14.8 | -6.0 |
Kesko Group's sales in euros, excluding VAT, in January-July 2016:
| 1.1. - 31.7.2016 | Comparable | ||
| € million | Change, % | change, % | |
| Grocery trade, total | 2,918.7 | +8.8 | -0.3 |
| Building and technical trade, Finland | 1,151.1 | +5.9 | -0.9 |
| Building and technical trade, other countries | 1,022.8 | +11.8 | +6.1 |
| Building and technical trade, total | 2,173.9 | +8.6 | +2.4 |
| Car trade, total | 508.1 | +7.1 | +7.1 |
| Common functions and eliminations | -2.8 | ||
| Grand total | 5,597.9 | +8.4 | +1.2 |
| Finland, total | 4,511.4 | +7.7 | +0.1 |
| Other countries, total | 1,086.5 | +11.5 | +7.5 |
| Grand total | 5,597.9 | +8.4 | +1.2 |
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 July 2016, the number of selling days in Kesko's wholesale in Finland was 21, which was two less than in the previous year. The total number of 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 interim reports.
Further information is available from Vice President, Group Controller Eva Kaukinen, tel. +358 105 322 338.
Kesko Corporation
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Nasdaq Helsinki Ltd
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www.kesko.fi
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Kesko Oyj via Globenewswire
