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Q1 2021 Kesko Oyj Earnings Call Transcript
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
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