Kesko Corp

KESKOB

Equity

ISIN FI0009000202 / Valor 472671

NASDAQ Helsinki Ltd, Equities (2026-09-04)

EUR 22.64+1.25%

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

Q4 2025 — key numbers

Net sales €3,230.9m (comparable +3.1%); comparable operating profit €174.6m; reported operating profit €160.1m; cash flow from operations €292.5m; comparable EPS €0.28, reported EPS €0.25.

Full‑year 2025 — summary

Net sales €12,474.7m (comparable +2.3%); comparable operating profit €654.9m (up €4.8m); reported operating profit €631.3m; cash flow from operations €879.7m (weakened by working capital and changes to the Finnish Food Market Act); comparable EPS €1.07, reported EPS €1.02; dividend proposal €0.90/share (four instalments).

Divisional performance highlights

Grocery: 2025 sales €6,447.4m, comparable operating profit €418.1m (margin ~6.5%) though profit declined vs prior year due to a price programme and weaker foodservice. Building & technical trade: sales €4,685.8m, comparable operating profit €178.6m (growth supported by acquisitions). Car trade: sales €1,364.8m, comparable operating profit €83.1m — strong sales and profit growth, outperforming the market.

Cash, debt and capital expenditure

Year‑end liquid assets €166.2m; interest‑bearing net debt excl. leases €1,308.9m; gearing 120.5%; FY capital expenditure €735.7m (large investments in store sites and the Onninen/K‑Auto logistics centre; acquisitions in Denmark ~€156.8m cash impact).

Items affecting comparability

Q4 items totalled -€14.5m (including property sale gains and impairments/write‑downs such as an €11m goodwill write‑down in Sweden); FY items totalled -€23.6m. These adjustments explain part of the gap between comparable and reported operating profit.

Outlook (2026)

Kesko expects the operating environment to improve but remain somewhat challenging; management estimates 2026 comparable operating profit of €650–750m, with improvements across all divisions and countries, while noting risks from consumer confidence, investment appetites and geopolitical tensions.

Summarized from source with an LLMView Source

Key figures

19.0%1Y

25.0%3Y

-34.9%5Y

Performance

19.0%1Y

20.6%3Y

24.3%5Y

Volatility