Kesko's Financial targets and achievements
Kesko’s growth strategy has proven effective and our strong profitability shows that the strategy and its successful execution in all three divisions yield results also in a more challenging operating environment.
Our strategic objectives are to ensure profitable growth, crystallise our competitive advantages, and strengthen our market position in the three selected divisions, namely grocery trade, building and technical trade, and car trade. We develop a focused business portfolio, and increase customer value.
Financial indicators
Kesko’s medium-term financial targets were last updated in spring 2021, and the targets were met in 2021 and 2022. In 2023, we achieved the targets for comparable operating margin and interest-bearing net debt / EBITDA. In 2024, we achieved the target for interest-bearing net debt/EBITDA, but fell slightly short on the other targets.
|
Indicator |
Target |
Level achieved 2024 |
Level achieved |
Level achieved |
|
Comparable operating margin, % |
Over 6% |
5.5 |
6.0 |
6.9 |
|
Comparable return on capital employed, % |
Over 14.5% |
11.3 |
13.4 |
16.9 |
|
Interest-bearing net debt/EBITDA, excluding the impact of IFRS 16 |
at |
1.1 |
0.7 |
0.2 |
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