The sales of Kesko Group's continuing operations in May 2018 totalled €952.7 million, representing an increase of 5.6% in comparable terms. The reported sales from continuing operations decreased by 2.8%.

'Kesko's sales grew in comparable terms in May in the grocery trade and in the building and technical trade. In the grocery trade, growth was particularly strong in the neighbourhood market,' says Kesko's President and CEO Mikko Helander.

Sales in the grocery trade totalled €473.3 million in May, an increase of 7.8% in comparable terms. Sales grew in all chains. Reported sales in May grew by 4.6%.

Sales in the building and technical trade totalled €392.9 million in May, an increase of 4.9% in comparable terms in local currencies. Comparable sales in the building and technical trade excluding the speciality goods trade grew by 4.1% in local currencies. Sales in Finland grew by 10.3%, while sales elsewhere decreased by 1.1%. Sales in the speciality goods' leisure trade increased by 3.0%, while sales in the machinery trade grew by 24.4% in comparable terms. The reported sales in the building and technical trade decreased by 10.7%, and were impacted by the divestment of the K-maatalous business and the furniture trade in the second quarter of 2017.

Sales in the car trade totalled €87.0 million in May, and were at the previous year's level.

Kesko Group's sales in euros, excluding VAT, in May 2018:

May 2018 Comparable
€ million Change, % change, %
Grocery trade, total 473.3 +4.6 +7.8
Building and technical trade,Finland 193.3 -17.9 +9.0
Building and technical trade, other countries 199.6 -2.3 +1.3
Building and technical trade, total 392.9 -10.7 +4.9
Car trade, total 87.0 -0.6 -0.6
Common functions and eliminations -0.5
Grand total 952.7 -2.8 +5.6
Finland, total 753.0 -2.9 +6.9
Other countries, total 199.6 -2.3 +1.3
Grand total 952.7 -2.8 +5.6

Kesko Group's sales in euros, excluding VAT, in January-May 2018:

1.1.-31.5.2018 Comparable
€ million Change, % change, %
Grocery trade, total 2,175.3 +1.7 +5.8
Building and technical trade, Finland 831.5 -21.8 +4.5
Building and technical trade, other countries 818.6 -5.2 -0.7
Building and technical trade, total 1,650.1 -14.4 +1.8
Car trade, total 433.7 +6.4 +6.4
Common functions and eliminations 0.5
Grand total 4,259.6 -4.7 +4.2
Finland, total 3,441.0 -4.6 +5.5
Other countries, total 818.6 -5.2 -0.7
Grand total 4,259.6 -4.7 +4.2

Change, % indicates the change when compared to the corresponding period of the previous year. The comparable change % has been calculated for the grocery trade by including those stores formerly belonging to Suomen Lähikauppa, which have belonged to the network in both years, in the sales. The comparable change % for the building and technical trade has been calculated in local currencies and excluding the impact of divestments made during 2017. On 16 February 2018, we announced we would be discontinuing our building and home improvement trade operations in Russia: these are reported as discontinued operations and are not included in the sales figures for continuing operations presented in this release.

In May 2018, the number of Kesko's wholesale selling days in Finland was 21, which is equal to the number of wholesale selling days the year before. January-May 2018 had one more selling day than the corresponding period in 2017.

Kesko publishes advance information on K Group's retail sales quarterly in connection with interim reports.

Further information is available from Eva Kaukinen, Vice President, Group Controller, tel. +358 105 322 338.

Kesko Corporation

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Kesko Oyj published this content on 14 June 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 14 June 2018 06:07:09 UTC