Future outlook 2011 Q2

Interim report 1-6/2011 (Published on 26 July 2011)

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 (7/2011-6/2012) in comparison with the 12 months preceding the reporting period (7/2010-6/2011).

For the present, the outlook for trends in consumer demand is steady, owing to high consumer confidence and continuously low interest rate levels. However, uncertainties relating to economic development have mounted with respect to the evolution of total production, tightening taxation, accelerating inflation and the ramifications of possible disturbances in the financial market. In addition, cuts in public finances may have a negative impact on the trend in consumer demand.

The steady development in the grocery trade is expected to continue. The home and speciality goods trade is expected to develop in line with the trend in private consumption. The building and home improvement market is expected to strengthen moderately. In the car and machinery trade, the sales of new cars are expected to grow, and the recovery of the market situation of the machinery trade is expected to continue.

The Kesko Group's net sales are expected to grow during the next twelve months. During the next twelve months, the operating profit excluding non-recurring items is expected to increase despite significant costs involved in the expansion of the store site network and business operations in Russia.

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Interim report 1.1.-30.3.2011
Financial statements release 2010
Interim report 1.1.-30.9.2010
Interim report 1.1.-30.6.2010
Interim report 1.1.-31.3.2010
Financial statements release 2009
Interim report 1.1.-31.9.2009
Interim report 1.1.-30.6.2009
Interim report 1.1.-31.3.2009
Financial statements release 2008
Interim report 1.1.-30.9.2008
Interim report 1.1.-30.6.2008
Interim report 1.1.-31.3.2008