Subscribe Login
DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
Retail

Finland’s Kesko Reports 10.1% Growth In Sales In June

Finnish retailer Kesko has reported a 10.1% growth in sales from its continuing operations to €1.02 billion in June 2020.

In comparable terms, sales increased by 12.6%, the retailer added.

The retailer’s grocery trade division accounted for sales worth €511.0 million, up 11.3% compared to June 2019.

Sales in the HoReCA division, Kespro, declined by 13.2% due to restrictions imposed on restaurants in wake of the COVID-19 pandemic.

However, a 17.6% increase in grocery sales to K-food stores compensated for this decline.

K-Citymarkets saw a 6.9% jump in sales of home and speciality goods in June, the retailer added.

The company’s building and technical trade divisions reported sales of €436.4 million, up 17.5% in comparable terms in local currencies.

© 2020 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: The European Supermarket Magazine.

Stay Connected With Our Weekly Newsletter

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our Terms & Conditions and Privacy Policy
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days