Kesko Corp

KESKOA

Equity

ISIN FI0009007900 / Valor 811108

NASDAQ Helsinki Ltd, Equities (2024-12-23)

EUR 17.90-0.56%

Kesko Corp
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About company

Kesko Corp is a Finnish trading sector company that operates in the grocery, building and technical, and car trade industries. The company was formed in 1940 through the merger of four regional wholesaling companies founded by retailers. Kesko has approximately 1,800 stores across several countries in Northern Europe, engaging in chain operations in close cooperation with retailer entrepreneurs and other partners.

Summarized from source with an LLMView SourceSector: Consumer Services

Net Sales

Kesko Corp's net sales for Q4 2023 totaled €2,902.0 million, a decrease of 2.7% compared to the same period in 2022. For the full year 2023, net sales were €11,783.8 million, remaining relatively flat year-on-year.

Operating Profit

In Q4 2023, Kesko Corp's comparable operating profit was €170.5 million, down from €192.6 million in Q4 2022. The full-year comparable operating profit for 2023 was €712.0 million, compared to €815.1 million in 2022.

Cash Flow

Kesko Corp reported a significant increase in cash flow from operating activities, totaling €342.4 million in Q4 2023, up from €263.0 million in Q4 2022. For the full year 2023, cash flow from operating activities was €1,049.5 million, compared to €915.2 million in 2022.

Earnings Per Share

Kesko Corp's comparable earnings per share for Q4 2023 were €0.31, down from €0.36 in Q4 2022. For the full year 2023, comparable earnings per share were €1.28, compared to €1.54 in 2022.

Dividend Proposal

The Board of Directors of Kesko Corp has proposed a dividend of €1.02 per share for the year 2023, to be paid in four instalments. This proposal reflects the company's strong financial position and commitment to returning value to shareholders.

Summarized from source with an LLMView Source

Key figures

-0.22%1Y

-33.8%3Y

23.9%5Y

Performance

20.0%1Y

24.2%3Y

26.0%5Y

Volatility