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Retail

Finland's Kesko Sees Grocery Sales Up 4.5% In September

Finnish retailer Kesko saw sales in its grocery trade division rise by 4.5% in September to €482.5 million, with a strong store performance offset by weaker foodservice sales.

Sales at the group's K-food stores were up 8.6%, the group said, while Kespro sales decreased by 7.9%, due to continuing restrictions on restaurants and events due to COVID-19.

Aside from food, Kesko's other divisions put in a strong performance, with its building and technical trade seeing an increase of 7.2%, its leisure trade seeing sales up 4.7%, and its car trade division seeing sales rise by 11.2%.

Sales Increase

”Kesko’s sales in September grew in comparable terms in all divisions," commented president and CEO Mikko Helander.

"In the grocery trade division, grocery sales at K-food stores developed well. Sales also continued to grow in the building and technical trade division. In the car trade division, demand continued to strengthen and sales grew by 11.2%. The month had one delivery day more than the year before."

Overall, Kesko Group reported sales of €927.8 million for September 2020, which represents an increase of 6.0% in comparable terms.

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

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