Kesko news

22 July 2014
Finnish retailer Kesko has released its half year results for the six months ending June 30th 2014, reporting a 1.8% drop in net sales to €4.5bn. Results impacted by economy, consumer demand and exchange rate changes The retailer cited the decline in performance to the ‘general economic situation and consumer demand in Finland and exchange rate changes’ . International sales grew whil...
28 May 2014
Kesko, Finland’s second largest grocery retailer, has appointed Mikko Helander as its new chief executive, effective 1 January 2015. Helander to be first outsider to be appointed CEO Helander will be joining from the Metsä Board Corporation, where he is presently CEO and has been a member of the executive management team since 2006. Commenting on the appointment, Kesko’s board chair, Esa Kiis...
24 April 2014
Kesko, Finland’s second largest grocery retailer has released its results for the first quarter of 2014 reporting that total sales declined by 1.4% to €2.1bn, while food sales declined by 3.7% to €1bn. The late Easter affected sales and the retailer performed behind the market The retailer partly attributed declining food sales to ‘the fact that Easter fell in April’ , while acknowledging tha...
04 February 2014
Kesko, Finland’s second largest grocery retailer, has released its 2013 annual results with net sales down 3.8% to €9.3bn, although net sales grew by 1.9% in the food trade to €4.4bn. Food trade growing behind the market Despite growth of 1.8% in the food trade, Kesko acknowledged that food sales are growing behind the market. Other areas of the business struggling Elsewhere in the organ...
29 November 2013
Kesko, Finland’s second largest grocery retailer has launced an online shopping service in Helsinki and Vantaa. Launch follows successful trials K-Market Ruoholahti in Helsinki has trialled online grocery retailing, while other Kesko stores have offered collection and delivery services. In April 2013, Kespro launched a home delivery service in Helsinki, operating 250 deliveries daily. Cus...
24 October 2013
At a corporate level, Finland-based Kesko announced that net sales fell during its third quarter and the first nine months of the year, although some of the fall was offset by growth in its food trade division. Headline figure affected by home and speciality goods trade Kesko announced that during the January to September timeframe it generated sales worth €6,953 million, down 3.8% on 2012. T...
24 July 2013
Finland’s Kesko Group saw first half sales decrease 4.4%, although the grocery division grew sales 1.8% in the period ending June 2013. Grocery sales rise 1.8% Kesko Group as a whole reported a decrease in sales of 4.2% to €4.6bn in the first half of 2013. The grocery division saw a 2.0% increase in sales to €2.1bn. The majority of this grocery growth was seen in the first quarter, where ...
25 April 2013
K-Group sales fell by 6.9% in the first quarter, as the business continues to implement its turnaround strategy. Growth in grocery While total group sales were down, Kesko's grocery division performed much better, delivering growth of 3.5% at €1,045m. Kesko estimates this is roughly in line with market growth for Q1. During the period January-March it added three new stores and renovated an...
05 February 2013
The Finnish retailer has reported its full year results for 2012, announcing group sales of €9.7bn, up 2.4% year-on-year, and appears to have arrested the decline in operating profit in Q4. Grocery business delivers growth Kesko's grocery sales at K-Food, Kespro, and other grocery banners grew by 2.2% in Q4 and 3.1% for the full year, reaching €4.3bn in 2012. Sales of Pirkka  private label ...