Kesko Corp

KESKOB

Equity

ISIN FI0009000202 / Valor 472671

NASDAQ Helsinki Ltd, Equities (2026-06-01)

EUR 20.38-1.92%

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 growth

Q4 net sales: €3,230.9m (reported +6.3%, comparable +3.1%). Full-year 2025 net sales: €12,474.7m (reported +4.7%, comparable +2.3%). All three divisions recorded net‑sales growth in 2025, with the strongest comparable growth in car trade.

Profitability

Comparable operating profit: €174.6m in Q4 (+€3.8m vs. Q4 2024) and €654.9m for 2025 (+€4.8m y/y). Reported operating profit was €160.1m in Q4 and €631.3m for the year after -€23.6m of items affecting comparability for 2025.

Earnings per share

Q4 EPS (reported) €0.25, comparable €0.28. Full-year EPS (reported) €1.02, comparable €1.07. Reported EPS rose year‑on‑year while comparable EPS decreased slightly versus 2024.

Cash flow & financial position

Cash flow from operating activities: Q4 €292.5m (Q4 2024: €301.0m); FY €879.7m (FY 2024: €1,008.2m), weakened by higher working capital and shorter payment terms (estimated ~€100m impact). Liquid assets €166.2m at 31 Dec 2025; interest‑bearing net debt excluding leases €1,308.9m; net debt/EBITDA (excl. IFRS 16) 1.6; gearing 120.5%; equity ratio 32.2%.

Divisional highlights

Grocery trade (FY): net sales €6,447.4m, comparable operating profit €418.1m (down €19.9m; margin 6.5%). Building & technical trade (FY): net sales €4,685.8m, comparable operating profit €178.6m (up €9.4m). Car trade (FY): net sales €1,364.8m, comparable operating profit €83.1m (up €13.8m).

Capital expenditure and investments

FY capital expenditure €735.7m (store sites, logistics projects, and acquisitions). Key investments included store network projects and completion of the Onninen/K‑Auto logistics centre in Hyvinkää.

Items affecting comparability

Items affecting comparability totalled -€23.6m for 2025 (sales gains on properties partly offset by impairment and restructuring charges, incl. a €11m goodwill write‑down related to technical trade in Sweden).

Dividend and shareholder metrics

The Board proposes a dividend of €0.90 per share to be paid in four instalments. Kesko reported a modest increase in share prices and combined market cap of ~€7.7bn at end‑2025.

Outlook for 2026

Kesko expects the operating environment to improve in 2026 and guides comparable operating profit of €650–750m. Main uncertainties are consumer confidence, investment appetite and geopolitical risks. Summarized from source with an LLMView Source

Key figures

-4.32%1Y

15.5%3Y

-28.3%5Y

Performance

17.9%1Y

20.5%3Y

24.1%5Y

Volatility