Business Acquisitions Guide Kesko To €900m Worth Of Sales In April
Finnish retail group Kesko has announced its sales totalled €900 million in April 2017, a growth of 11.0% on the same month the previous year.
It also reported that, ‘excluding the impact of business arrangements’, sales in local currencies decreased by 5.5%. Kesko said that because of Easter there were three less delivery days in April 2017 than in the previous year.
Kesko's President and CEO Mikko Helander said, ”Kesko's sales grew in April. Sales also grew in comparable terms in the grocery trade thanks to successful Easter sales. In the building and technical trade the acquisition of Onninen helped boost sales.”
Its grocery sales increased by 2.9%, to €431 million, however, Kesko stated that without the acquisition of Suomen Lähikauppa and the impact it had, sales would only have amounted to €375.1 million (+2.3%).
In April 2017, the number of Kesko's wholesale selling days in Finland was 18, which was three less than in the previous year.
In the period from January 1 to April 30, Kesko reports a total sales growth of 24.1% compared to the same period last year. Total sales were €3.5 billion.
The retail group previously announced that sales in March had increased by over 30%. It reported €1,003.8 million total sales, a 30.5% increase on same period last year and €467.8 million in grocery sales, an increase of 13.1%.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Aidan O’Sullivan. Click subscribe to sign up to ESM: The European Supermarket Magazine.