February 15, 2023
KESKO’S SALES GREW IN JANUARY
In January 2023, Kesko Group’s total sales reached €901.8 million, representing a 10.1% rise in terms of comparable amounts. The current month has one additional delivery day than the period that served as reference.
“During the month of January, sales increased across all of Kesko’s divisions. Kespro experienced particularly robust growth in terms of sales when compared to other grocery retailers. The construction industry and the industrial supply sector both had healthy levels of sales. “When it comes to the automobile industry, sales have obviously exceeded the market,” says Mikko Helander, President and CEO of Kesko.
The grocery trade segment brought in a total of €483.1 million in sales during the month of January, representing an increase of 12.2%. The K Group’s grocery outlets had a rise of 6.7% in their sales of groceries year on year. Precautions taken to ensure that products are always available had a beneficial effect on the increase of sales. K-sales Citymarket’s of home and specialty goods (items that are not classified as food) grew. The sales of Kespro increased by 49.3%, which can be partially attributed to the fact that the previous period was affected by limitations connected to the epidemic.
The building and technical trade segment posted sales of a total of €337.2 million during the month of January, representing an increase of 5.3% in comparable figures in local currencies. The building and technical trade division’s revenues increased by 6.5% in comparable terms, excluding the sports trade sector’s contributions. In comparable terms, sales increased by 10.5% in Finland and by 2.7% in Sweden, while sales in Norway were unchanged year-over-year. The sales in the sports trade industry dropped by 14.0%. The building and technical trade division’s reported sales went up by 3.8% over the previous year.
The automobile trade had a rise of 19.1% in sales for the month of January, reaching a total of €83.7 million. When compared to the previous year, the number of new cars registered in Finland for the month of January was down by 9.0% for passenger cars and 15.2% for vans. The annual percentage drop in the number of used cars that were sold in Finland was 1.1%.
The Kesko Group’s sales for the month of January amounted to a total of €901.8 million, which represents an increase of 10.1% in comparable terms.
Kesko Group’s sales in euros, excluding VAT, in January 2023:
| January 2023 | Comparable | ||
| € million | Change, % | change, % | |
| Grocery trade, total | 483.1 | +12.2 | +12.2 |
| Building and technical trade, Finland | 188.6 | +7.8 | +7.8 |
| Building and technical trade, other countries | 148.6 | -0.9 | +2.5 |
| Building and technical trade, total | 337.2 | +3.8 | +5.3 |
| Car trade, total | 83.7 | +19.1 | +19.1 |
| Common functions and eliminations | -2.2 | ||
| Grand total | 901.8 | +9.5 | +10.1 |
| Finland, total | 753.2 | +11.9 | +11.9 |
| Other countries, total | 148.6 | -0.9 | +2.5 |
| Grand total | 901.8 | +9.5 | +10.1 |
The percentage change shows how much of a shift there was when compared to the same time period in the prior year. The comparable change percentage was computed using the local currency and did not take into account the impact of any acquisitions or divestments that were finalised in 2022.
According to the dates of completion, the acquisitions that Kesko Group successfully executed in 2022 have been accounted for in the company’s reported sales. In the year 2022, Kesko successfully completed the acquisition of the Swedish companies Kungalvs Travaruaktiebolag in March, Follinge Sg AB and Djurbergs Jarnhandel Aktiebolag in September, and XL-BYGG Bergslagen AB in October. Additionally, in June of that year, Kesko successfully completed the acquisition of the Norwegian company Seljord Elektriske AS.
The number of delivery days in January 2023 for Kesko’s grocery trade as well as the building and technical trade in Finland, Sweden, and Norway all increased by one when compared to the previous year. In the grocery trade, wholesale deliveries take place on Saturdays, but not in the construction or technical supply industries. Under typical conditions, one delivery day has an influence of around 2%–4% on Kesko’s wholesale, with the exact percentage varying from division to division. When it comes to the automobile industry, the number of delivery days or their time does not have the same effect on sales.
Statistics on the automobile trade market compiled by the Finnish Information Centre of the Automobile Industry.
In conjunction with the publication of interim results on a quarterly basis, Kesko provides a sneak peek into the quarterly retail sales of K Group outlets.
Hanna Jaakkola, Vice President of Investor Relations, can be reached at tel. +358 105 323 540, and Eva Kaukinen, Vice President of Group Controller, can be reached at tel. +358 105 322 338. Additional information is available upon request.
Corporation Named Kesko
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