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

Finland's Kesko Sees Net Sales Grow By 13.9% In Nine Months To September

By Steve Wynne-Jones
Share this article
Finland's Kesko Sees Net Sales Grow By 13.9% In Nine Months To September

Finnish retail and services group Kesko has seen its net sales for the nine-month period from January to September rise to €7.41 billion, up from €6.5 billion a year earlier – an increase of 13.9%.

If acquisitions and disposals are excluded, the retailer's sales grew by 2.0%. Operating profit was €187.0 million, compared to €155.3 million a year earlier.

"Kesko’s business operations grew strongly in the third quarter, due to the acquisitions that have been made," said Kesko president and CEO Mikko Helander.

"The integration of Suomen Lähikauppa has progressed as planned, and by the end of September, 118 Siwa and Valintatalo stores had been converted into K-Market stores. The acquisition of Onninen can be seen in the significant growth in the B2B trade of the building and technical trade."

Helander added that the group's recently launched K-Plussa loyalty programme will be "the most personally rewarding customer-loyalty programme, offering the best digital services".

© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. To subscribe to ESM: The European Supermarket Magazine, click here.

ADVERTISEMENT
Get the week's top grocery retail news

The most important stories from European grocery retail direct to your inbox every Thursday

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. You can unsubscribe at any time.