Kesko's sales grew in May

KESKO PRESS RELEASE 14.06.2017 AT 12.00 1(2)

Kesko's sales grew in May

Kesko Group's sales totalled €996.8 million in May 2017 - a growth of 18.5%. In comparable terms sales in local currencies grew by 3.7%.

"Kesko's sales grew in comparable terms in all divisions in May. In northern Europe the cold spring and cold start to summer weakened sales, particularly in the development of sales of seasonal consumer goods in the building and technical trade. In the car trade, sales development continued to be strong," says Kesko's CEO Mikko Helander.

Sales in the grocery trade totalled €452.7 million in May, a decrease of 2.8%. Sales in the grocery trade including the comparable stores of Suomen Lähikappa amounted to €443.1 million and the comparable development in sales was +3.4%.

Sales in the building and technical trade totalled €456.8 million in May, an increase of 49.3%. Sales in the building and technical trade sales excluding Onninen amounted to €311.7 million, a growth of 1.1% in local currencies. In Finland, sales grew by 1.2%, excluding Onninen. Abroad, excluding Onninen, sales grew in local currencies by 0.9%. Sales in the building and home improvement trade grew by 3.0% in local currencies. Sales in the leisure trade decreased by 0.7%, agricultural and machinery trade sales decreased by 1.9%, and furniture trade sales decreased by 1.3%.

Car trade sales in May were €87.5 million, a growth of 23.7% compared to the previous year. Car sales without AutoCarrera amounted to €80.6 million and the comparable development was a rise of 14.1%.

Kesko Group's sales in euros, excluding VAT, in May 2017:

	May 2017		Comparable
	€ million	Change, %	change, %
Grocery trade, total	452.7	-2.8	+3.4
Building and technical trade, Finland	235.4	+47.2	+1.2
Building and technical trade, other countries	221.4	+51.7	+0.9
Building and technical trade, total	456.8	+49.3	+1.1
Car trade, total	87.5	+23.7	+14.1
Common functions and eliminations	-0.1
Grand total	996.8	+18.5	+3.7
Finland, total	775.4	+13.2	+4.3
Other countries, total	221.4	+42.2	+0.9
Grand total	996.8	+18.5	+3.7

Kesko Group's sales in euros, excluding VAT, in January-May 2017: