Financials Kesko Oyj

Equities

KESKOB

FI0009000202

Food Retail & Distribution

Real-time Estimate Tradegate Other stock markets 15:30:41 03/12/2024 GMT			5-day change	1st Jan Change
19.00 ^EUR	+0.76%		-0.34%	+5.94%

11-14	Kesko's sales grew by 6.2% in October - construction trade grew the most	FW
11-14	Kesko Oyj Announces Sales Results for the Month and Year to Date Ended October 2024	CI

Projected Income Statement: Kesko Oyj

income-statement-evolution-chart KESKO-OYJ

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	10,720	10,669	11,499	12,039	11,784	11,886	12,392	12,875
Change	-	-0.48%	7.78%	4.69%	-2.12%	0.87%	4.25%	3.9%
EBITDA ¹	948.9	1,057	1,263	1,308	1,232	1,220	1,304	1,372
Change	-	11.4%	19.44%	3.57%	-5.75%	-1.05%	6.95%	5.22%
EBIT ¹	461.6	567.8	775.5	815.1	712	649.2	707.2	761.1
Change	-	23.01%	36.58%	5.11%	-12.65%	-8.82%	8.92%	7.62%
Interest Paid ¹	-95.4	-83.3	-79.9	-65.5	-99.7	-109.3	-108.1	-105.9
Earnings before Tax (EBT) ¹	403.3	527.6	712.9	761.1	613.5	527.7	601.2	657.1
Change	-	30.82%	35.12%	6.76%	-19.39%	-13.99%	13.93%	9.31%
Net income ¹	339.2	433.4	571.8	609.9	495.6	424.7	483.5	527.4
Change	-	27.77%	31.93%	6.66%	-18.74%	-14.31%	13.84%	9.1%
Announcement Date	05/02/20	03/02/21	03/02/22	02/02/23	30/01/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	2,734	2,582	2,861	2,696	2,662	2,539	2,988	2,902	2,921	2,761	3,108	3,010	3,042	2,828	3,105	2,949	2,902	2,760	3,155	3,027	3,006	2,859	3,300	3,245	3,219
Change	-	-5.55%	10.8%	-5.79%	-1.24%	-4.62%	17.67%	-2.88%	0.67%	-5.48%	12.57%	-3.18%	1.07%	-7.03%	9.78%	-5.01%	-1.6%	-4.91%	14.33%	-4.07%	-0.69%	-4.88%	15.42%	-1.67%	-0.8%
EBITDA ¹	258	190.5	281.8	301.3	285.6	233.7	340.2	357.5	331	263.1	357.9	367.4	317.5	251.5	339.3	341.9	301.1	235	319.4	347	320.5	246	349	377	352
Change	-	-26.16%	47.93%	6.92%	-5.21%	-18.17%	45.57%	5.09%	-7.41%	-20.51%	36.03%	2.65%	-13.58%	-20.79%	34.91%	0.77%	-11.93%	-21.95%	35.91%	8.64%	-7.64%	-23.25%	41.87%	8.02%	-6.63%
EBIT ¹	129.7	65.1	155.2	181.8	165.6	116.2	219.4	236	203.5	143.7	236	242.8	192.6	125.9	207.6	208.1	170.5	99.5	178.3	201.5	173.4	103	198	228	203
Change	-	-49.81%	138.4%	17.14%	-8.91%	-29.83%	88.81%	7.57%	-13.77%	-29.39%	64.23%	2.88%	-20.68%	-34.63%	64.89%	0.24%	-18.07%	-41.64%	79.2%	13.01%	-13.95%	-40.6%	92.23%	15.15%	-10.96%
Charge d'intérêts ¹	-23.5	-28.7	-24.7	-19	-18.8	-19.1	-20.4	-17.5	-18.3	-17.2	-18.3	-11.6	-18	-21.5	-19.4	-20.2	-29.9	-28.3	-29.1	-29.1	-26.98	-26	-28	-28	-28
Earnings before Tax (EBT) ¹	105.7	33.1	136.2	220	138.4	99.2	204.5	220	189.2	128.9	223.7	231.3	177.2	104.7	187.6	186.8	134.4	74.9	131.1	172.5	146.9	77	170	199	174
Change	-	-68.68%	311.48%	61.53%	-37.09%	-28.32%	106.15%	7.58%	-14%	-31.87%	73.55%	3.4%	-23.39%	-40.91%	79.18%	-0.43%	-28.05%	-44.27%	75.03%	31.58%	-14.86%	-47.57%	120.78%	17.06%	-12.56%
Net income ¹	91	34.6	95.4	189.8	113.6	78.4	161.6	170.2	161.6	103.2	179.5	185.6	141.6	83.8	150.1	148.8	112.9	60.4	105	138.9	118.3	62	136	160	140
Change	-	-61.98%	175.72%	98.95%	-40.15%	-30.99%	106.12%	5.32%	-5.05%	-36.14%	73.93%	3.4%	-23.71%	-40.82%	79.12%	-0.87%	-24.13%	-46.5%	73.84%	32.29%	-14.84%	-47.58%	119.35%	17.65%	-12.5%
Announcement Date	05/02/20	28/04/20	23/07/20	29/10/20	03/02/21	28/04/21	23/07/21	14/10/21	03/02/22	29/04/22	26/07/22	27/10/22	02/02/23	28/04/23	27/07/23	26/10/23	30/01/24	25/04/24	23/07/24	30/10/24	-	-	-	-	-

¹EUR in Million

Estimates

Forecast Balance Sheet: Kesko Oyj

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	2,868	2,310	1,907	2,104	2,560	2,975	3,015	3,022
Change	-	-19.46%	-17.45%	10.33%	21.67%	16.22%	1.34%	0.23%
Announcement Date	05/02/20	03/02/21	03/02/22	02/02/23	30/01/24	-	-	-

¹EUR in Million

Estimates

Cash Flow Forecast: Kesko Oyj

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	686.1	398.4	276.6	449.2	678.9	595.8	453.8	419.2
Change	-	-41.93%	-30.57%	62.4%	51.14%	-12.25%	-23.84%	-7.6%
Free Cash Flow (FCF) ¹	207	754	875.4	466	370.6	341.5	683	762.5
Change	-	264.25%	16.1%	-46.77%	-20.47%	-7.85%	100%	11.64%
Announcement Date	05/02/20	03/02/21	03/02/22	02/02/23	30/01/24	-	-	-

¹EUR in Million

Estimates

Forecast Financial Ratios: Kesko Oyj

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	8.85%	9.91%	10.98%	10.86%	10.46%	10.26%	10.53%	10.66%
EBIT Margin (%)	4.31%	5.32%	6.74%	6.77%	6.04%	5.46%	5.71%	5.91%
EBT Margin (%)	3.76%	4.95%	6.2%	6.32%	5.21%	4.44%	4.85%	5.1%
Net margin (%)	3.16%	4.06%	4.97%	5.07%	4.21%	3.57%	3.9%	4.1%
FCF margin (%)	1.93%	7.07%	7.61%	3.87%	3.14%	2.87%	5.51%	5.92%
FCF / Net Income (%)	61.03%	173.97%	153.1%	76.41%	74.78%	80.41%	141.27%	144.56%
Profitability
ROA	5.11%	6.4%	8.4%	8.45%	6.51%	5.3%	5.9%	6.3%
ROE	15.1%	17.8%	24.1%	23.2%	18.5%	15.56%	17.05%	17.82%
Financial Health
Leverage (Debt/EBITDA)	3.02x	2.19x	1.51x	1.61x	2.08x	2.44x	2.31x	2.2x
Debt / Free cash flow	13.86x	3.06x	2.18x	4.52x	6.91x	8.71x	4.41x	3.96x
Capital Intensity
CAPEX / Current Assets (%)	6.4%	3.73%	2.41%	3.73%	5.76%	5.01%	3.66%	3.26%
CAPEX / EBITDA (%)	72.3%	37.69%	21.91%	34.35%	55.08%	48.85%	34.79%	30.55%
CAPEX / FCF (%)	331.45%	52.84%	31.6%	96.39%	183.19%	174.45%	66.43%	54.98%
Items per share
Cash flow per share ¹	2.254	2.91	2.902	2.303	2.64	2.725	2.68	2.585
Change	-	29.13%	-0.29%	-20.62%	14.63%	3.22%	-1.65%	-3.54%
Dividend per Share ¹	0.63	0.75	1.06	1.08	1.02	0.9083	0.9767	1.04
Change	-	19.05%	41.33%	1.89%	-5.56%	-10.95%	7.52%	6.48%
Book Value Per Share ¹	5.11	5.52	8.52	6.899	6.93	6.934	7.217	7.508
Change	-	8.02%	54.35%	-19.02%	0.44%	0.05%	4.08%	4.04%
EPS ¹	0.855	1.09	1.44	1.53	1.25	1.065	1.209	1.321
Change	-	27.49%	32.11%	6.25%	-18.3%	-14.8%	13.52%	9.27%
Nbr of stocks (in thousands)	396,354	396,739	397,110	397,459	397,770	397,956	397,956	397,956
Announcement Date	05/02/20	03/02/21	03/02/22	02/02/23	30/01/24	-	-	-