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Kesko will publish its financial statements release for 2023 on Tuesday, 30 January 2024, 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 key events and investor materials for the quarter. 

NEWS, FINANCIALS AND SHARES

• Jorma Rauhala has been appointed as Kesko’s new President and CEO as of 1 February 2024. Rauhala currently acts as President of Kesko’s building and technical trade division and Deputy CEO, and prior to that he was the President of the grocery trade division. (release).
  The current President and CEO Mikko Helander announced in early December that he would be retiring in 2024. (release)
  

• The number registered Kesko shareholders rose above 100,000 for the first time ever in October. At the end of the 2023, Kesko had over 105,500 registered shareholders.

• Kesko conducted an investor roadshow to US and Canada – see the blog post for recurring questions from North American investors. (blog post)
  

• Kesko’s Q4 roadshow presentation for investors (presentation)
  
  

SALES DEVELOPMENT

• Kesko’s sales in October. (release)

• Kesko’s sales in November. (release)

Sales figures for December will be released in mid-January.

DIGITALISATION AND CUSTOMER EXPERIENCE

• Kesko’s K-Hyvinvointi service – which offers K Group grocery store customers nutritional data and advice based on their purchases – was named as one of “Finland’s most interesting data economy solutions” by the Finnish Innovation Fund Sitra (release in Finnish)
   

SUSTAINABILITY

• Kesko was ranked the best sector company in Europe in the Dow Jones Sustainability Index the DJSI Europe. In the global DJSI World, Kesko ranked fourth highest in its sector (Consumer Staples Distribution & Retail). (release)
  

• Kesko commits to setting new long-term emission reduction targets, aiming for net-zero emissions throughout its value chain by 2050. (release) 

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GROCERY TRADE

• Kesko estimates that it is once again the market leader in Finnish online grocery. Kesko’s operating model – which marries online operations with those of traditional grocery stores – has proven effective and profitable. (investor blog post)

• Kesko continues investments in its grocery store network by purchasing a plot in the city of Lahti for a new K-Citymarket hypermarket. (release)

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