Kesko Corp

KESKOB

Equity

ISIN FI0009000202 / Valor 472671

NASDAQ Helsinki Ltd, Equities (2024-12-23)

EUR 18.07-0.19%

Kesko Corp
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About company

Kesko Corp is a trading sector company operating in eight countries, with a focus on providing responsible services to help customers make informed decisions. The company's commitment to responsibility is integrated into its daily operations, reflecting its dedication to ethical business practices. Kesko's business model revolves around offering a wide range of products and services through its K-stores, catering to the diverse needs of its customers across different markets.

Summarized from source with an LLMView SourceSector: Consumer Services

Net Sales Growth

In the third quarter of 2024, Kesko Corp reported a 2.6% increase in group net sales, reaching €3,026.6 million compared to €2,949.1 million in the same period the previous year. However, when adjusted for comparable terms, net sales saw a slight decline of 0.8%. This growth was primarily driven by the building and technical trade division, which saw a 7.4% increase in net sales.

Operating Profit

Kesko Corp's operating profit for Q3 2024 was €202.1 million, a slight decrease from €206.6 million in Q3 2023. The comparable operating profit also saw a decline, totaling €201.5 million compared to €208.1 million in the previous year. This decrease was attributed to challenges in the operating environment, although the building and technical trade division showed signs of improvement.

Earnings Per Share

For the third quarter of 2024, Kesko Corp reported earnings per share of €0.35, down from €0.37 in the same quarter of the previous year. The comparable earnings per share also decreased to €0.34 from €0.38. This decline reflects the overall decrease in operating profit during the period.

Cash Flow

Kesko Corp's cash flow from operating activities in Q3 2024 was €285.6 million, a significant decrease from €394.9 million in Q3 2023. This reduction in cash flow is indicative of the challenging market conditions and the company's efforts to manage its financial resources effectively during this period.

Profit Guidance and Outlook

Despite the challenging operating environment, Kesko Corp has maintained a positive outlook for 2024, estimating its comparable operating profit to be between €630–680 million. The company anticipates an improvement in its operating environment in 2025, with expectations of enhanced profitability across its divisions, particularly in the building and technical trade sector.

Summarized from source with an LLMView Source

Key figures

0.89%1Y

-38.1%3Y

14.7%5Y

Performance

22.7%1Y

25.9%3Y

28.7%5Y

Volatility