Investor blogs and podcasts

Kesko will publish its Q3/2022 report on Thursday, 27 October 2022, at around 8.00 am Finnish time. An English audiocast/teleconference for investors and analysts will be held at 9.00 am Finnish time and can be accessed here.

Below is a recap of Kesko's key events and news in Q3/2022.

NEWS, FINANCIALS AND SHARES

• Change in Kesko’s Group Management Board – Anni Ronkainen steps down as Chief Digital Officer. (release)

• Kesko invests over €300 million in a new logistics centre for Onninen and K-Auto in Finland to prepare for growth in technical wholesale and the car spare parts business. (release)

• The composition of Kesko’s Shareholders’ Nomination Committee. (release)

• Change in the holding of Kesko’s treasury shares. (release)

SALES DEVELOPMENT

• Kesko’s sales in July. (release)

• Kesko’s sales in August. (release)

Sales figures for September will be released in mid-October.

SUSTAINABILITY

• At the virtual Kesko Sustainability Hour investor event in August, members of Group Management Board explained how the company’s recently updated sustainability strategy is reflected in its business operations, and how sustainability can create new business opportunities. (blog post, webcast recording, presentation materials)

• K Group has mapped out proactive measures to reduce electricity use in its stores, offices and warehouses this autumn and winter and help prevent potential electricity shortages in Finland. (release)​

GROCERY TRADE

• Finland’s first automated in-store collection system for online grocery orders is now up and running in K-Citymarket Ruoholahti in Helsinki. Increased collection efficiency means lower delivery prices for customers, who can still choose from the store’s extensive selection of as many as 40,000 products. (release)

BUILDING AND TECHNICAL TRADE

• Kesko agreed to acquire XL-BYGG Bergslagen as part of its K-Bygg chain for professional builders in Sweden. (release)

• Survey shows that Finnish consumers are looking to improve energy-efficiency in their homes with products sold in K-Rauta stores. (release)

• Finnish Competition and Consumer Authority suspects Onninen of violation of competition law – Onninen denies the claims as unfounded. Kesko is not suspected of participation in the alleged infringement, which concerns almost in its entirety a period before Kesko acquired Onninen on 1 June 2016. (release)

CAR TRADE

• A record summer for electric cars: Volkswagen was the most registered brand of all-electric passenger cars in Finland in Jan-July, demand for electric cars now exceeds that of traditional models in K-Auto stores, and charging at our K Charge stations more than doubled in July compared to the year before. (release)

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