In both the building and technical trade division and the grocery trade division, Kesko’s sales increased in October. Sales in the grocery trade segment increased by 5.0%, with Kespro experiencing particularly significant sales growth. Thanks to a good showing in B2B trade, sales for the building and technical trade business increased by 8.8% in comparable terms. Sales were down 0.7% in the vehicle trade business, according to Kesko President and CEO Mikko Helander.
In October, sales in the grocery trade segment increased by 5.0% to €523.4 million. Sales of groceries to the K Group’s grocery stores climbed by 4.7% on a yearly basis. Home and specialty items (non-food) sales declined at K-Citymarket. Sales at Kespro increased by 12.3%.
The building and technical trade division’s sales in October totaled €440.0 million, an increase of 8.8% in local currency-adjusted terms. Sales for the division increased by 9.0% in comparable terms without the trade in specialty goods. Sales increased 10.6% in Finland, 12.8% in Sweden, and 2.5% in Norway in comparable terms. Sales in the leisure trade climbed by 5.8% in the specialty products sector. Building and technical trade sector reported revenues rose by 7.3%.
Sales in the car trade segment came to €78.5 million in October, down 0.7%. The lack of car availability has an influence on sales. Compared to the previous year, fewer new cars were registered, with passenger car registrations declining by 6.3% and van registrations by 1.1%. In Finland, the number of secondhand cars sold fell by 7.7% from the previous year.
The sales of Kesko Group in October came to €1,039.0 million, an increase in comparable terms of 6.0%.
Kesko Group’s sales in euros, excluding VAT, in October 2022:
|€ million||Change, %||change, %|
|Grocery trade, total||523.4||+5.0||+5.0|
|Building and technical trade, Finland||231.9||+10.1||+10.1|
|Building and technical trade, other countries||208.0||+4.3||+7.4|
|Building and technical trade, total||440.0||+7.3||+8.8|
|Car trade, total||78.5||-0.7||-0.7|
|Common functions and eliminations||-2.8|
|Other countries, total||208.0||+4.3||+7.4|
Kesko Group’s sales in euros, excluding VAT, in January-October 2022:
|€ million||Change, %||change, %|
|Grocery trade, total||5,072.9||+3.9||+3.9|
|Building and technical trade, Finland||2,281.4||+11.2||+12.0|
|Building and technical trade, other countries||1,944.2||+10.9||+9.3|
|Building and technical trade, total||4,225.6||+11.1||+10.7|
|Car trade, total||763.1||-14.8||-14.8|
|Common functions and eliminations||-25.9|
|Other countries, total||1,944.2||+10.9||+9.3|
The change percentage (Change%) shows the difference from the same time last year. The comparable change% was determined using local currency and without taking into account the effects of acquisitions and divestitures that were finalised in 2021 and 2022.
According to the completion dates, the acquisitions and divestitures made by Kesko Group in 2021 and 2022 are included in the reported sales. The building and technical commerce business finished acquiring Byggarnas Partner in 2021 and stopped running the Kookenkä shoe chain. In 2022, Kesko has finished the acquisitions of the Swedish Kungälvs Trävaruaktiebolaget in March, the Norwegian Seljord Elektriske AS in June, Föllinge Sg AB and Djurbergs Järnhandel Aktiebolaget in September, and XL-BYGG Bergslagen AB in October.
time last year. Comparable change percentage has been In the building and technical trade in Finland, Sweden, and Norway as well as the grocery trade at Kesko, the number of delivery days in October 2022 was identical to that of the previous year. The number of delivery days in the Kesko grocery trade, the building and technical trade in Finland and Norway, and the flat trade in Sweden increased by one from January to October of the previous year. In the supermarket industry, Saturdays are days for wholesale deliveries, but not in the building and technical industries. Depending on the division, one delivery day often has an influence on Kesko’s wholesale of between 2-4%. In the car industry, neither the number of delivery days nor their timing
Statistics on the automotive industry market are provided by the Finnish Information Center for the Automobile Sector.
In conjunction with intermediate reports, Kesko releases quarterly advance data on the retail sales of K Group outlets.
Hanna Jaakkola, vice president of investor relations, can be reached at +358 105 323 540, and Eva Kaukinen, vice president of group controller, can be reached at +358 105 322 338.