”Reported sales grew in the grocery trade and in the car trade. The month had one delivery day less than the year before,” says Kesko's President and CEO Mikko Helander.
Sales in the grocery trade totalled €463.1 million in November, an increase of 1.0%. Sales grew in all K-food store chains.
Sales in the building and technical trade totalled €362.6 million in November, a decrease of 3.6% in comparable terms in local currencies. Comparable sales in the building and technical trade excluding the speciality goods trade decreased by 4.3%. Sales in Finland decreased by 4.8% and sales elsewhere by 3.8%. Sales in the speciality goods' leisure trade increased by 16.3%, while sales in the machinery trade decreased by 23.0% in comparable terms. Reported sales in the building and technical trade decreased by 1.5%.
Sales in the car trade totalled €81.0 million in November, representing a decrease of 2.2% in comparable terms. Reported sales increased by 10.9%.
Kesko Group's sales in euros, excluding VAT, in November 2019:
| November 2019 | Comparable | ||
| € million | Change, % | change, % | |
| Grocery trade, total | 463.1 | +1.0 | +1.0 |
| Building and technical trade, Finland | 165.0 | -3.3 | -2.6 |
| Building and technical trade, other countries | 197.6 | +0.0 | -4.5 |
| Building and technical trade, total | 362.6 | -1.5 | -3.6 |
| Car trade, total | 81.0 | +10.9 | -2.2 |
| Common functions and eliminations | -0.4 | ||
| Grand total | 906.3 | +0.7 | -1.2 |
| Finland, total | 708.8 | +0.9 | -0.3 |
| Other countries, total | 197.6 | +0.0 | -4.5 |
| Grand total | 906.3 | +0.7 | -1.2 |
Kesko Group's sales in euros, excluding VAT, in January-November 2019:
| 1.1.-30.11.2019 | Comparable | ||
| € million | Change, % | change, % | |
| Grocery trade, total | 5,069.5 | +3.1 | +3.9 |
| Building and technical trade, Finland | 1,922.4 | +1.0 | +1.5 |
| Building and technical trade, other countries | 2,219.7 | +9.7 | +2.8 |
| Building and technical trade, total | 4,142.1 | +5.5 | +2.2 |
| Car trade, total | 816.2 | -5.1 | -12.4 |
| Common functions and eliminations | -5.1 | ||
| Grand total | 10,022.7 | +3.3 | +1.6 |
| Finland, total | 7,802.9 | +1.6 | +1.3 |
| Other countries, total | 2,219.7 | +9.7 | +2.8 |
| Grand total | 10,022.7 | +3.3 | +1.6 |
Change, % indicates the change when compared to the corresponding period of the previous year. The comparable change % has been calculated for the grocery trade excluding the impact of acquisitions and divestments completed in 2018, and including in the sales those stores formerly belonging to Suomen Lähikauppa which have been operating under the retailer business model in both years. The comparable change % for the building and technical trade has been calculated in local currencies and excluding the impact of acquisitions and divestments completed in 2018 and 2019.
The reported sales for Kesko Group’s continuing operations include the acquisitions completed in 2018 and 2019, which are Reinin Liha and Kalatukku E. Eriksson in the grocery trade, Skattum Handel AS, Gipling AS, 1A Group, Sørbø Trelast AS and Fresks Group in the building and technical trade, and the Volkswagen, Audi and SEAT businesses of Huittisten Laatuauto, LänsiAuto and Laakkonen in the car trade.
In November 2019, the number of Kesko's wholesale selling days in Finland was 21, which is one day less than the year before. January-November 2019 also had one selling day less than the corresponding period in 2018.
Kesko publishes advance information on K Group's retail sales quarterly in connection with interim reports.
Further information is available from Vice President, Group Controller Eva Kaukinen, tel. +358 105 322 338.
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