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Finland's Kesko Sees Grocery Sales Up 5.0% In H1

Published on Jul 25 2018 9:59 AM in Retail tagged: Featured Post / Kesko / finland / K-Market / Paywall / Suomen Lähikauppa

Finland's Kesko Sees Grocery Sales Up 5.0% In H1

Finland's Kesko has said that sales at its grocery division were up 5.0% in comparable terms in the first half of its financial year, to €2.6 billion.

Operating profit at the division was up 14.6%, to €91.5 million, making grocery the conglomerate's most profitable business. Kesko also has a presence in the trade of building materials and specialty goods, and a car trade business.

Net sales were up 1.3% in its grocery division, which was negatively affected by the transfer of stores acquired from Suomen Lähikauppa to retailers, as well as changes in the store site network, the company said.

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