Q4 2019 Kesko Oyj Earnings Call Transcript

Feb 05, 2020 / 10:30AM GMT
Mikko Helander - Kesko Oyj - Chairman of the Group Management Board, President, CEO & MD

Ladies and gentlemen, welcome to our 2019 financial statements release call. I'm Kesko's CEO, Mikko Helander. Together with me, I have our CFO, Jukka Erlund; and Vice President of Investor Relations, Hanna Jaakkola. On the cover of the presentation, you can see the character called Cursing Carbon that is now widely used in our climate, and it's marketing in our grocery trade business. The carbon encourages us all to follow the carbon footprint of our food basket and to make sustainable choices.

I will first give a brief overview of our business performance, and thereafter, we will be happy to take questions called by phone and via chat.

Year 2019 was a strong year. Our result was all-time high, our financial position and cash flow were strong. The performance of the grocery trade was excellent. Kesko was also ranked as the most sustainable grocery trade company in the world for the sixth time. Strong growth continued into building a technical trade. In the car trade, good profit generation

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