Kesko news

01 February 2018
Kesko has reported its 2017 results, with group net sales increasing by 1.8% in comparable terms to €10.7bn. Comparable operating profit increased by 2.8% to €296.7m. Grocery trade: +2.4% to €5.3bn Kesko’s grocery business, which accounts for 49% of Kesko’s total sales, saw 2017 comparable net sales increase by 2.4% to €5.3bn. The grocery trade accounts for over 68% of Kesko’s total operati...
18 December 2017
We round up the latest developments from Finland where S Group has gained approval to acquire Stockmann's Finnish grocery business. Elsewhere, Kesko has opened 'the most modern transport station in Finland' . S Group gets approval to acquire Stockmann’s grocery business… Finnish competition authorities have approved S Group’s acquisition of Stockmann’s Finnish grocery business. A condition...
04 December 2017
We round up the latest developments from the leading Finnish grocery retailers at home and abroad. In Finland, this includes Kesko's changes at the top and S Group's checkout livestream. Meanwhile, S Group is set to expand in Russia and Estonia, while Kesko is partnering with Lenta to export Kesko private label products in Russia. Finland: Kesko makes changes at the top Jorma Rauhala , Pre...
28 July 2017
Finland’s Kesko has released its 2017 first half results, reporting that group net sales increased by 17% to €5.4bn in local currencies. Excluding acquisitions and divestments, sales increased by 1.2%, while comparable operating profit rose by 1.6% to €113.2m. Grocery sales +5.0% In the grocery division, which represents 47% of the Kesko business, sales increased by 5.0% to €2.6bn, driven b...
05 July 2017
Having received approval from Finland’s Competition and Consumer Authority to set up a joint venture, Kesko and Oriola have provided more details on their new health, beauty and wellbeing format. 15 stores by the end of 2017, 100 stores and online in the future The concept is due to launch in autumn 2017, with around 15 stores anticipated to launch by the end of the year. The next phase of ...
22 June 2017
Finland's Kesko has shared the highlights of recent research it commissioned on food and consumer habits, the findings of which suggest a trend towards the 'hybrid consumer' . Balancing the highest quality and ethics with price consciousness The research saw over 1,026 adults surveyed on food consumption. Findings suggested that 'consumer behaviour when purchasing food has changed and a n...
13 March 2017
We review the latest results from Finland's Kesko, including its 2016 results and move to enter a 'health, beauty and well-being' chain through joint venture with Oriola-KD. Results driven by acquisition Kesko has published its 2016 results, reporting that group net sales increased by 17.3% to €10.2bn. Kesko’s grocery trade saw net sales increase by 12.4% to €5.3bn, although this was l...
25 January 2017
Finland’s S Group has reported its 2016 results, with retail sales excluding tax grew by 2.0% to €11.02bn, while grocery sales grew by 3.8% to €6.78bn. 45% growth in online The retailer also enjoyed 45% growth in its online business, as CEO Taavi Heikkilä commented that,  'although the sales volume is still quite small, the direction is right and in line with our strategy' . Deregulation...
01 December 2016
Kesko has sold its Russian grocery business to Lenta for approximately €163m, following approval from Russian competition authorities. Deal worth €163m The deal is worth approximately €163m and includes 11 grocery stores in St Petersburg and Leningradsky, as well as three plots of land in these regions. In 2016, Kesko achieved grocery net sales of €106m. Mutual benefits The sale will ...
26 October 2016
Finnish retailer Kesko is to sell its Russian grocery stores to Lenta. Focusing on Finland Kesko's net grocery sales in Russia were EUR106m in 2015: that's less than 2% of its total. Mikko Helander, president and CEO of Kesko, said it would have needed significant investment to grow its grocery business in Russia. The sale will help it concentrate on its strategic objective: growth in Finla...