Kesko Corp

KESKOB

Equity

ISIN FI0009000202 / Valor 472671

NASDAQ Helsinki Ltd, Equities (2026-07-03)

EUR 19.51+0.57%

Kesko Corp
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About company

Kesko Corporation is a Finnish company engaged in the trading sector, operating across eight countries. It is structured into three main divisions: grocery trade, building and technical trade, and car trade. In the grocery trade, Kesko runs a network of retail stores offering a wide range of food products and everyday consumer goods. The building and technical trade division supplies construction materials, technical products, and services to both professional builders and consumers. In the car trade, Kesko is involved in the import, retail, and after-sales services of various car brands. The company is known for its extensive retail network and its focus on providing comprehensive services across its business areas.

Summarized from source with an LLMView SourceSector: Consumer Services

Top-line and operating profit

Q4 (10–12/2025): net sales €3,230.9m (+6.3% reported, +3.1% comparable); comparable operating profit €174.6m (up €3.8m vs. Q4/2024). Full year 2025: net sales €12,474.7m (+4.7% reported, +2.3% comparable); comparable operating profit €654.9m (up €4.8m vs. 2024).

Earnings per share & cash flow

Reported EPS: Q4 €0.25 (comparable €0.28), FY €1.02 (comparable €1.07). Cash flow from operating activities: Q4 €292.5m (vs. €301.0m a year earlier); FY €879.7m (down from €1,008.2m), weakened by higher working capital and shorter supplier payment terms from the Finnish Food Market Act change.

Grocery trade (segment)

Q4 grocery sales €1,710.3m (+3.0%); Q4 comparable operating profit €116.5m (down €5.8m, hit by the K Group price programme). FY grocery sales €6,447.4m (+1.0%) with comparable operating profit €418.1m; division operating margin ~6.5% for 2025.

Building & technical trade (segment)

Q4 division sales €1,182.3m (+11.9% reported, +2.9% comparable); Q4 comparable operating profit €44.3m (up €8.1m). FY division sales €4,685.8m (+7.7% reported, +1.4% comparable) with comparable operating profit €178.6m. Growth supported by Danish acquisitions (Roslev, CF Petersen & Søn, Tømmergaarden); Sweden reorganisation led to a €11m goodwill write-down in 2025.

Car trade (segment)

Q4 car trade sales €343.8m (+4.4%); Q4 comparable operating profit €20.8m. FY car trade sales €1,364.8m (+12.9% reported, +12.0% comparable) with comparable operating profit €83.1m — notable market share gains despite a weak overall car market.

Items affecting comparability

Items affecting comparability reduced reported operating profit by €14.5m in Q4 and by €23.6m for FY 2025. Major items: gains on property sales, impairment charges (including the Sweden technical trade goodwill write‑down), and structural arrangements.

Balance sheet and leverage

At 31.12.2025 liquid assets €166.2m; interest‑bearing liabilities €3,572.6m; interest-bearing net debt excluding lease liabilities €1,308.9m (up from €857.2m a year earlier). Gearing increased to 120.5% and equity per share €7.03.

Capital expenditure & M&A

CapEx Q4 €139.5m and FY €735.7m (store network, Onninen/K‑Auto logistics centre completed). Cash outflow for Danish acquisitions totaled €156.8m in 2025; property disposals partly offset investment cash outflows.

Dividend proposal and 2026 outlook

The Board proposes a dividend of €0.90 per share, to be paid in four instalments. Guidance: Kesko estimates 2026 comparable operating profit of €650–750m and expects the operating environment to improve across divisions, while noting uncertainties from consumer confidence, investment appetite and geopolitical risks.

Summarized from source with an LLMView Source

Key figures

-7.97%1Y

11.5%3Y

-38.4%5Y

Performance

17.9%1Y

20.5%3Y

24.1%5Y

Volatility