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Retail

Kesko Sees Grocery Sales Up 4% In Full-Year 2023

By Dayeeta Das
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Kesko Sees Grocery Sales Up 4% In Full-Year 2023

Finland's Kesko generated sales worth €12 billion between January and December 2023, registering a marginal (-0.1%) decline compared to the previous year.

Sales in the company's grocery trade unit increased 4% to €6.4 billion in this period, according to the company.

Grocery sales to K-grocery stores and consumer goods trade increased 2.5% year-on-year, to €5.25 billion.

Other Divisions

Kespro, the company's foodservice arm, saw double-digit sales growth of 11.2% to €1.2 billion.

Elsewhere, the company's construction and building technology unit generated €4.3 billion, down 8.6% year-on-year, while sales in its car trade division increased 12% year-on-year to €1.3 billion during the year.

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The retailer will publish its financial statements for January to December 2023  on 30 January 2024.

December 2023 Performance

Kesko reported a 7.3% decline in like-for-like sales to €905.9 million in December 2023.

In the grocery trade, sales amounted to €570.8 million, down 1.4% year-on-year.

Grocery sales to K-food stores fell by 1.1% year-on-year and K-Citymarket's home and speciality goods also witnessed a decline.

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Elsewhere, Kespro saw year-on-year sales growth of 0.4% to €93.1 million.

In December, sales in the construction and building technology trade decreased by 15.4% to €251.1 million.

Hardware store sales fell by 26.2% on a comparable basis, while sales in technical trade also decreased by 4.3%.

On a comparable basis, sales at the division declined 23.8% in Finland, 21.9% in Sweden and 13.2% in Norway.

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Online Store

In September of last year, Kesko Group opened the K-Citymarket online store, offering a wide range of home and beauty products as well as toys.

The new website allows shoppers to search for more information about a specific product, or check its availability at the nearest K-Citymarket store.

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