Kesko Oyj (CHIX:KESKBh)

€ 18 0 (0%) Market Cap: 6.80 Bil Enterprise Value: 9.70 Bil PE Ratio: 14.85 PB Ratio: 2.92 GF Score: 85/100

Q3 2019 Kesko Oyj Earnings Call Transcript

Oct 24, 2019 / 09:30AM GMT

Release Date Price: €14.71 (+3.16%)

Transcript

Mikko Helander

Kesko Oyj - Chairman of the Group Management Board, President, CEO & MD

Ladies and gentlemen, welcome to our 2019 third quarter results call.

I'm Kesko's President and CEO, Mikko Helander. Together with me, I have our CFO, Jukka Erlund; and Vice President of Investor Relations, Hanna Jaakkola, appointed in September. I will first give a brief overview of our business performance. And thereafter, we will be happy to take questions.

In the third quarter, Kesko again recorded its all-time best result. Our net sales increased by 6.1%. The development in grocery trade was especially strong in K-Citymarket and the market share was further strengthened. In the building and technical trade division, the growth continued and profitability improved, especially in the Nordic countries. As a sign of our long-term commitment to corporate responsibility and efforts to combat climate change, Kesko was again included in the Dow Jones Sustainability Indices in September.

As a result of strong strategy execution, profitability growth continued during the third quarter.

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