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Kesko will publish its results for the first quarter of 2025 on Tuesday, 29 April 2025, 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.

NEWS, FINANCIALS AND SHARES

• Kesko’s Annual General Meeting was held on 24 March 2025. The AGM resolved, among other things, to distribute a dividend of €0.90/share for 2024, and elected 7 members to Kesko’s Board of Directors for a one-year term of office. (release)

• Kesko’s Annual Report for 2024 was published in March. The report comprises a general review of the company’s strategy and businesses, a Corporate Governance Statement and Remuneration Report, as well as the financial statements section, which for the first time also includes a Sustainability Statement compliant with the new EU Corporate Sustainability Reporting Directive. (release)

• Shares:

  • Share-based commitment and incentive plans for Kesko President and CEO 2025-2028. (release)

  • Share-based commitment and incentive plans for top management and key persons 2025-2028. (release)

  • Realisation of the share-based commitment and incentive plans PSP 2023-2026, KPSP 2022, and RSP 2022 (release) and RSP 2024 (release).

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

• Presentation for Kesko’s Q1 investor roadshow meetings. (presentation)

• Kesko’s Investor Relations work receives recognition in both Finland and abroad. (release)
  
  

SALES DEVELOPMENT

• Kesko’s sales in January. (release)

• Kesko’s sales in February. (release)

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

SUSTAINABILITY

• Kesko was ranked the best company in the world in the “Consumer Staples” sector and 36th overall on the ‘Global 100 Most Sustainable Corporations in the World’ listing published annually at the World Economic Forum in Davos. Kesko is the only company in the world to have made the list every year since its inception in 2005. The ranking is based on a sustainability assessment of over 8,300 listed companies, measured using 25 indicators related to environmental and social responsibility and good corporate governance. (release)
  
  

GROCERY TRADE

• K Group cuts prices for over 1,200 everyday staples in its grocery stores as part of a long-term price programme. Price reductions on branded products average 4–6%, but can amount to as much as 15–20%, while price cuts for K Group’s own Pirkka products average 9-12%. Kesko and K Group grocery retailers will jointly invest nearly €50 million in the price programme during 2025. (release and IR blog post)

• K Group’s share of the Finnish grocery trade market in 2024 was 33.7% according to statistics published by Nielsen. Market share decreased on 2023, but the decrease in 2024 was less pronounced than the year before. Kesko and K Group continue to focus on quality, improving price competitiveness, and updating the grocery store network in order to turn around the market share trend. (IR blog post)
  
  

BUILDING AND TECHNICAL TRADE

• Kesko seeks international growth in building and technical trade, says division President Sami Kiiski. Despite the difficult construction market of recent years, Kesko has managed to maintain good profitability, conduct acquisitions and make notable investments in logistics, which all position the company favourably for future growth. In our investor blog interview, Kiiski says that building and technical trade could eventually become Kesko’s biggest division. (IR blog post)

• Acquisitions in Denmark:

  • Kesko completed the acquisition of Roslelv Trælasthandel A/S on 31 January 2025. This is the first of the three Danish acquisitions announced by Kesko in August 2024 to have been completed. Roslev has been consolidated into Kesko Group’s financial reporting as of 1 February 2025. (release)

  • Kesko also received approvals from Danish competition authorities for the acquisition of CF Petersen & Søn A/S on 30 March 2025. The acquisitions of both CF Petersen & Søn and Tømmergaarden A/S are expected to be completed in Q2. Combined, the three acquisitions are set to significantly expand Kesko’s building and home improvement trade operations in Denmark. (release)

• Building and home improvement trade operations in Sweden are now concentrated under the K-Bygg brand, which serves both building professionals and consumers. (release in Swedish)
  
  

CAR TRADE

• K-Auto is now the fourth biggest seller of used cars in Finland. K-Auto's used car business continued to grow faster than the market in 2024, with the number of used cars sold increasing by nearly half over the past three years. The company plans to expand its store network and focus on used car leasing services and increasing the selection of used vans in 2025. (release in Finnish)

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