Kesko Oyj Announces Sales Results for the Month, Quarter and Year Ended December 2021
January 17, 2022 at 06:00 am
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Kesko Oyj announced sales results for the month, quarter and year ended December 2021. For the month, sales totalled 952.6 million in December 2021, representing an increase of 7.5% on the previous year. In comparable terms, sales grew by 7.4%.
For the quarter, sales totalled 2,921.3 million in December 2021, representing an increase of 8.2% on the previous year. In comparable terms, sales grew by 7.6%.
For the year, sales totalled 11,498.8 million in December 2021, representing an increase of 6.1% on the previous year. In comparable terms, sales grew by 8.3%.
Kesko Oyj is the leading wholesaler and retailer in Finland. Net sales break down by family of products as follows:
- grocery and convenience goods (53.8%; K-retailer; No. 2 in Finland): owned 1,208 supermarkets and stores under the names K-citymarket, K-supermarket, K-Market, Neste K., etc.;
- building, home improvement, DIY and gardening products (35.6%): building materials, interior design materials, gardening products, household appliances, furniture, etc. distributed via 483 outlets primarily under the Onninen, K-rauta, K-Bygg, Byggmakker, Byggarnas Partner and Carlsen Fritzøe brands;
- automotive (10.6%; K-Auto): cars (Volkswagen, Audi, Seat, CUPRA, Porsche, Bentley and MAN brands), spare parts and original accessories marketed through 49 outlets in Finland. The group also offers leisure and sports goods (owned 62 stores under the Intersport and Budget Sport names).
Net sales are distributed geographically as follows: Finland (82.4%), Nordic countries (13.7%), Baltic countries (1.1%) and other (2.8%).