Kesko Corp

KESKOA

Equity

ISIN FI0009007900 / Valor 811108

NASDAQ Helsinki Ltd, Equities (2026-07-07)

EUR 19.54+0.72%

Kesko Corp
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About company

Kesko Corporation is a diversified Finnish retail and wholesale company that operates across three principal areas: grocery trade, building and technical trade, and car and machinery trade. It serves consumers and professional customers through a network of partner retailers and proprietary chains — for example K-Citymarket, K-Supermarket and K-Market in groceries, K‑Rauta and Onninen in building and technical trade, and K-Auto in car sales — supported by logistics, wholesale distribution and digital commerce channels. Headquartered in Finland and listed on Nasdaq Helsinki, Kesko combines store-based retailing with e-commerce and supplier services and operates in Finland and selected Northern European markets.

Summarized from source with an LLMView SourceSector: Consumer Services

Top-line and profitability (Q4 and FY)

Q4 2025: net sales €3,230.9m and comparable operating profit €174.6m (reported operating profit €160.1m). FY 2025: net sales €12,474.7m, comparable operating profit €654.9m (reported €631.3m) — modest comparable profit improvement versus 2024.

Divisional highlights

All three divisions grew net sales in 2025: grocery trade modest growth (FY sales €6,447.4m, comparable OP down to €418.1m due to price programme and weaker foodservice), building & technical trade supported by acquisitions (FY sales €4,685.8m, comparable OP €178.6m), and car trade strong growth (FY sales €1,364.8m, comparable OP €83.1m).

Earnings, cash flow and balance sheet

Reported EPS rose to €1.02 for 2025 (comparable €1.07). Cash flow from operations was €879.7m for the year (weakened by working capital and a change in payment terms) and capital expenditure was high at €735.7m. Interest‑bearing net debt excl. leases increased to €1,308.9m; gearing 120.5% and equity ratio 32.2% at 31.12.2025.

Items affecting comparability

Q4 items affecting comparability totalled -€14.5m (including property sale gains and impairment/write‑downs); FY items totalled -€23.6m, notably a €11m goodwill write‑down related to the reorganisation of technical trade in Sweden.

Capital expenditure & strategic investments

2025 capex €735.7m, including significant store‑site investments and completion of the Onninen/K‑Auto Hyvinkää logistics centre; acquisitions in Denmark (Roslev, CF Petersen & Søn, Tømmergaarden) materially supported growth in building & home improvement trade.

Dividend and market reaction

The Board proposes a €0.90 per‑share dividend payable in four instalments. Kesko’s share prices rose in 2025 (A share +6.6% year‑end, B share +5.9%), and market cap grew to about €7.7bn combined at year‑end.

Outlook for 2026

Kesko expects an improving but still somewhat challenging operating environment in 2026 and forecasts comparable operating profit of €650–750m, with the company anticipating profit improvement across all divisions and countries. Key uncertainties cited are consumer confidence, investment appetite and geopolitical risks.

Summarized from source with an LLMView Source

Key figures

-5.83%1Y

11.3%3Y

-33.8%5Y

Performance

17.4%1Y

19.7%3Y

22.7%5Y

Volatility