Kesko news

05 February 2020
Finland-based Kesko reported sales through its grocery trade subsidiary rose 2.7% in total in 2019, to €5.5 bn. It said on a comparable basis, sales rose 3.2%, while its operating profit advanced by €33.4m to €327.9m for the year. Kesko highlighted how the results were driven by its continued adherence to the strategy it set out in 2015 ‘ and its successful execution ’. Success ‘ founded on go...
30 October 2019
Sweden-based ICA and Axfood have reported a 3.4% and 5.7% increase in consolidated net sales respectively. Meanwhile, Finland-based Kesko saw a 6.1% increase in net sales. ICA: 3.4% sales increase ICA Sweden saw consolidated net sales increase by 3.4% to SEK29,818m (US$3,079m) in Q3 2019. Operating profit, excluding items affecting comparability, for the period was SEK1,599m (US$165m) and...
17 September 2019
Finnish retailer Kesko is launching a carbon footprint calculator for food products and has appointed a new VP of investor relations. Carbon footprint calculator Kesko is introducing a tool which allows shoppers to track the carbon footprint of their food purchases. This will help them to make more sustainable choices. It is expected to be rolled out before the end of the year. The featu...
23 August 2019
Finland-based Kesko participates in the 10Days100Challenges initiative and allows shoppers to track their climate impact. 10Days100Challenges initiative Kesko recently participated in 10Days100Challenges, organised by the universities of Haaga-Helia, Laurea, and Metropolia in Helsinki. The initiative ran for ten days and involved 100 students. The students proposed solutions to challenges g...
26 July 2019
Kesko has reported its H1 2019 results, with group net sales increasing by 0.8%, in comparable terms, to €5.18bn (US$5.76bn). Comparable operating profit totalled €179.9m (US$200m), a rise of €2.9m on the same period last year. Grocery trade comparable net sales: +3.8% to €2.67bn Kesko’s grocery business, which accounts for 52% of Kesko’s total sales, saw comparable net sales increase by 3....
30 April 2019
Both companies reported a decrease in group net sales during the first quarter. From a retail point of view, Kesko said it performed much better and gained market share, thanks to growing in-store traffic and strong online sales. Kesko’s retail sales grow by 1.5% Kesko released its first quarter sales, reporting net sales of €.,4bn, with like-for-like sales decreasing by 0.6%, partly due to...
26 March 2019
We recently visited Helsinki on a research trip and were invited by the country’s three leading retailers; S Group, Kesko and Lidl to see some of their latest concepts and thinking in-store. We bring you the highlights here. 1. S Group's hotly anticipated flagship Herkku Food Market store Address: Stockmann Department Store (Basement), Aleksanterinkatu 52, 00100 Helsinki, Finland Mar...
06 February 2019
Kesko has reported its 2018 results, with group net sales increasing by 3.5% in comparable terms to €10.4bn. Comparable operating profit increased by 3.2% to €332.2m. Grocery trade comparable net sales: +5.1% to €5.4bn Kesko’s grocery business, which accounts for 52% of Kesko’s total sales, saw comparable net sales increase by 5.1% to €5.4bn. The grocery trade accounts for over 68% of Kesko...
01 October 2018
S Group helps smaller businesses by launching Finland’s ‘Finnish Success Critics’ competition, while Kesko partners with ResQ Club to reduce food waste. S Group supports small and medium local businesses S Group has opened the ‘Finnish Success Critics’ competition, which has organised in conjunction with Foodwest. The competition gives smaller businesses the chance to ultimately be listed b...
16 July 2018
Finland-based S Group said net sales in H1 2018 rose 2.7% to €5.61 bn. The cooperative said that the pace of sales growth had been driven by its supermarkets and traffic and food shop divisions. S Group said its ecommerce channel had grown sales strongly S Group gaining market share As part of the results announcement S Group said it had enjoyed growth ahead of the wider grocery market. Gro...