Investor blogs and podcasts

Kesko will publish its Q1/2023 report on Friday, 28 April 2023, at around 8.00 am Finnish time. An English audiocast/teleconference for investors and analysts will be held at 9.00 am Finnish time.   

NEWS, FINANCIALS AND SHARES 

• Kesko’s 2022 Annual Report was published, comprising multiple sections and detailing the company’s progress in, for example, strategy execution, financial performance, sustainability work, and data utilisation. (See full report)

• Kesko’s Annual General Meeting was held on 30 March, and it resolved, among other things, to distribute dividends of €1.08 per share for 2022, to be paid in four instalments. (AGM resolutions).

• Sami Kiiski was appointed as President of Kesko’s car trade division and a member of Group Management Board as of 1 June as Matti Virtanen retires. Kiiski currently heads Kesko’s sports trade. Sports trade will become part of Kesko’s car trade division. (release)

• Establishment of new share-award plans. (release)

• Realisation of Kesko’s existing share award plans. (release)

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

• Kesko’s Investor Relations received multiple awards thanks to focused efforts to offer the best possible investor service to all investor groups, including the rapidly growing number of Finnish retail investors. (blog post)
  
  

SALES DEVELOPMENT

• Kesko’s sales grew in January. (release)

• Kesko’s sales grew in February. (release)

Sales figures for March will be released in mid-April.

DIGITALISATION AND CUSTOMER EXPERIENCE

• Kesko combines its Finnish customer loyalty programme with share ownership in a ground-breaking new model. (release)

• Kesko published its second Data Balance Sheet report as part of its annual reporting, expanding the scope to cover the business-driven utilisation of data and digitalisation in all three business divisions. (blog post)

SUSTAINABILITY 

• Kesko ranked as the most sustainable grocery trade company in Europe and third highest in its sector globally on the 2023 ‘Global 100 Most Sustainable Corporations in the World’ listing issued by Corporate Knights. Kesko is the only company in the world to have made the list every year since its inception in 2005. (release)

• The global environmental organisation CDP named Kesko a ‘Supplier Engagement Leader’ in recognition of Kesko’s exemplary encouragement of suppliers to take climate action. (release)

• See also the ‘Sustainability’ section of Kesko’s 2022 Annual Report for a comprehensive review of sustainability strategy execution.
  
  

GROCERY TRADE

• In an effort to steer Finnish eating habits in a healthier direction, K Group is reducing the amount of salt, sugar and saturated fats in its own brand products, promoting the use of more fruit and vegetables, and increasing the use of labelling for healthier food options. (release)

BUILDING AND TECHNICAL TRADE 

• Kesko subsidiary Onninen acquired Elektroskandia Norge AS, one of the main distributors of electrical products in Norway. The acquisition will strengthen Onninen’s position in Norwegian technical trade. Following the acquisition, Kesko's sales in Norway approach €1.5 billion. (release)

• Onninen also agreed to acquire Zenitec, a Swedish solar power system wholesaler. (release)

• Building and technical trade update by division President Jorma Rauhala. (presentation)

CAR TRADE

• Volkswagen continues to be the market leader in electric cars in Finland, with a 13.4% market share of full electric car registrations in 2022. Overall, Volkswagen was the second most registered brand of passenger cars in Finland in 2022. (release in Finnish) 

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