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

Q1 2021 Kesko Oyj Earnings Call Transcript

Apr 28, 2021 / 09:30AM GMT
Release Date Price: €25.91
Mikko Helander
Kesko Oyj - Chairman of the Group Management Board, President, CEO & MD

Ladies and gentlemen, welcome to Kesko's First Quarter 2021 Release Call. I'm Kesko's CEO, Mikko Helander. Together with me, I have our CFO, Jukka Erlund; and Vice President, Investor Relations, Hanna Jaakkola.

Another record quarter, we were able to increase our sales and profit significantly. I will first give a short overview of our business performance in first quarter. Thereafter, I will present a bit more longer term perspective regarding market overview and our strategic strength. And the third section of the presentation is about digital trade and online sales. At the end, we will be happy to take questions both by phone and Viasat.

All-time high first quarter results. Sales grew in all our divisions. Our net sales increased to EUR 2.540 billion, our comparable operating profit was EUR 116 million. In addition to sales growth, we have been constantly able to improve our operations and cost efficiency. Good retail sales growth continued in K Group grocery stores. And sales development was

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot