Kesko Corp

Latest Results (09.10.2025):

Kesko Corporation reported its financial results for the second quarter of 2024, demonstrating resilience in a challenging market. Despite a slight decline in net sales, the company maintained strong operating profit and robust cash flow, reflecting effective cost management and strategic initiatives across its divisions.

Net Sales

In Q2 2024, Kesko Corp achieved net sales of €3,093.4 million, marking a 0.4% decrease year-on-year. On a comparable basis, net sales declined by 4.1%, reflecting adjustments for currency and strategic changes excluding recent acquisitions and divestments.

Operating Profit

The comparable operating profit for the quarter was €178.3 million, down from €207.6 million in the same period last year. Despite the decrease, the operating margin remained solid at 5.8%, highlighting Kesko’s ability to manage costs effectively.

Cash Flow

Kesko demonstrated strong cash flow from operating activities, totaling €309.0 million for Q2 2024. This robust cash flow underscores the company’s operational efficiency and financial stability amid a challenging economic environment.

Earnings Per Share

The earnings per share for Q2 2024 were €0.26, compared to €0.38 in Q2 2023. The decrease reflects the overall drop in operating profit, while maintaining confidence in the company's long-term profitability.

Outlook for 2024

Kesko Corp has updated its profit guidance for 2024, estimating a comparable operating profit between €620–680 million. The company anticipates sustained challenges in the operating environment but remains optimistic about achieving steady performance through strategic growth and efficiency measures.