Q3 2022 Kesko Oyj Earnings Call Transcript

Feb 14, 2024

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Oct 27, 2022 / 06:00AM GMT
Mikko Helander - Kesko Oyj - Chairman of the Group Management Board, President, CEO & MD

Ladies and gentlemen, welcome to Kesko's Third Quarter Release Call. I'm Kesko's CEO, Mikko Helander. I have together with me our business area presidents; Jorma Rauhala, Ari Akseli and Matti Virtanen: as well as CFO, Jukka Erlund; and Investor Relations, Hanna Jaakkola. In third quarter, sales growth improved profit.

Now I will first give an overview of our business performance in third quarter and our updated guidance and outlook. After the presentation, we will be happy to take questions both by phone and via chat. Key events in third quarter. Again record result, Kesko's all-time best quarter result. Our quarter result has now improved 14 quarters in a row relative to comparison period. In grocery trade, profitability improved despite the changes in operating environment. Building and technical trade division's result was good thanks to strong B2B trade. In Sweden we completed 2 acquisitions, Follinge Sag and Djurbergs Jarnhandel. The acquired companies will be added to our Swedish B2B focused K-Bygg

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