Future outlook 2009 Q3

Interim financial report 1-9/2009 (Published on 22 October 2009)

Estimates of the future outlook for the Kesko Group's net sales and operating profit excluding non-recurring items are given for the 12 months following the reporting period (10/2009-9/2010) in comparison with the 12 months preceding the reporting period (10/2008-9/2009).

The development of the Group's business activities is affected by the economic outlook in its different market areas and especially by the growth rate of private consumption. The economic outlook for the near future remains gloomy and substantial uncertainties are associated with the developments in the real economy. In Finland, the unemployment rate is expected to rise further, which is why private consumer demand is not expected to recover during the next twelve months.

The steady development of the grocery trade is expected to continue. The market situation is expected to remain difficult in the building sector and in the car and machinery trade.

Uncertainty about the economic outlook continues to make any statement about the Group's future outlook more difficult. The Kesko Group's net sales from continuing operations in the next twelve months are expected to match the level of the prior twelve months. Due to the cost adjustments made and the discontinuation of the loss-making Baltic grain and agricultural supplies trade, the Kesko Group's operating profit excluding non-recurring items is not expected to deteriorate further. The Group's liquidity and solvency are expected to remain good.
 

Archive
Interim financial report 1.1.-30.6.2009
Interim financial report 1.1.-31.3.2009
Financial statements release 2008
Interim financial report 1.1.-30.9.2008
Interim financial report 1.1.-30.6.2008
Interim financial report 1.1.-31.3.2008