Kesko's sales increased in July

KESKO CORPORATION STOCK EXCHANGE RELEASE 12.08.2016 AT 09.00 1(2)

Kesko's sales increased in July

Kesko Group's sales in July 2016 totalled €893.3 million and were up 14.8%. In comparable terms, sales decreased by 6.0% in local currencies, excluding the impact of Suomen Lähikauppa and Onninen. There were two selling less days than in the previous year.

"In July, Kesko's sales increased due to acquisitions. The sales performance in Finland was weakened by the fact that there were two delivery days less than in the previous year," says Kesko's President and CEO Mikko Helander.

The sales of Kesko's grocery trade in July were €447.2 million and increased by 11.0%. Suomen Lähikauppa excluded, the sales of the grocery trade were €376.5 million, representing a comparable change of -6.2%.

The sales of the building and technical trade in July were €390.1 million, up 25.6%. Excluding Onninen, the sales of the building and technical trade were €289.7 million, down 4.3% in local currencies. In Finland, excluding Onninen, sales were down by 10.7%, but the market position continued to strengthen. Outside Finland, excluding Onninen, sales increased by 1.3% in local currencies. The sales of the building and home improvement trade decreased by 2.2% in local currencies. The sales of the leisure trade decreased by 14.7% in Finland and the sales of the agricultural and machinery trade were down by 4.9%.

The sales of the car trade in July were €56.2 million, down 10.8% from the previous year.

Kesko Group's sales in euros, excluding VAT, in July 2016:

	July 2016		Comparable
	€ million	Change, %	change, %
Grocery trade, total	447.2	+11.0	-6.2
Building and technical trade, Finland	187.7	+28.7	-10.7
Building and technical trade, other countries	202.4	+22.9	+1.3
Building and technical trade, total	390.1	+25.6	-4.3
Car trade, total	56.2	-10.8	-10.8
Common functions and eliminations	-0.2
Grand total	893.3	+14.8	-6.0
Finland, total	681.3	+12.9	-7.4
Other countries, total	212.0	+21.6	+2.0
Grand total	893.3	+14.8	-6.0

Kesko Group's sales in euros, excluding VAT, in January-July 2016: