The Finnish retail group Kesko increased its sales by 3.9 percent to €1,051.5 million in November, corresponding to 0.8 percent in comparable terms. This is according to a press release.
Sales were positive in all three business areas. Grocery trade increased by 2.2 percent to €538.5 million, while building and technical trade rose by 7.4 percent to €405.0 million. In comparable terms, however, sales in the latter category decreased by 0.8 percent.
Car sales increased by a modest 0.1 percent to EUR 109.9 million.
There were one fewer delivery day in November compared to the previous year.
"Depending on the division, one delivery day has an impact of approximately 2–4 percentage points on monthly sales," says Kesko's CEO Jorma Rauhala.
Kesko Oyj is the leading wholesaler and retailer in Finland. Net sales break down by family of products as follows:
- grocery and convenience goods (53.4%; K-retailer; No. 2 in Finland): owned 1,128 supermarkets and stores under the names K-citymarket, K-supermarket, K-Market, Neste K., etc.;
- building, home improvement, DIY and gardening products (36.5%): building materials, interior design materials, gardening products, household appliances, furniture, etc. distributed via 491 outlets primarily under the Onninen, K-rauta, K-Bygg, Byggmakker, Byggarnas Partner and Carlsen Fritzøe brands;
- automotive (10.1%; K-Auto): cars (Volkswagen, Audi, Seat, CUPRA, Porsche, Bentley and MAN brands), spare parts and original accessories marketed through 47 outlets in Finland. The group also offers leisure and sports goods (owned 61 stores under the Intersport and Budget Sport names).
Net sales are distributed geographically as follows: Finland (80%), Nordic countries (15.8%), Baltic countries (1.1%) and other (3.1%).
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