Kesko's sales in December 2009
KESKO CORPORATION STOCK EXCHANGE RELEASE 18.01.2010 AT 11.00 1(2)
The Kesko Group's sales from continuing operations, excluding VAT, totalled 771.1 million in December 2009, which is down by 4.0% compared with the previous year. In January-December the sales, excluding VAT, totalled 8,572.9 million, which is down by 11.9%.
In the food trade, sales in December were 354.6 million, a decrease of 0.4%. Sales to the K-food store chains were up by 1.3%.
In the home and speciality goods trade, sales in December were 223.1 million, an increase of 4.4% thanks to successful Christmas trading. The sales of clothing and sports goods developed especially well.
In the building and home improvement trade, sales in December were 154.1 million, a decrease of 6.3%. Sales in Finland were down by 2.0%. In foreign countries, sales decreased by 9.3% in terms of euros, and by 15.1% in terms of local currencies. In the Baltic countries, sales were down by 40.2%. In Russia, sales dropped by 23.2% in terms of euros, and by 10.7% in terms of local currency.
In the car and machinery trade, VV-Auto's sales in December were 34.5 million, down 22.3%. The sales performance was affected by the car tax act which came into force in April, because of which car tax levied on cars after 1 April 2009 is not included in sales figures. The passenger cars imported by VV-Auto accounted for 18.6% (20.0%) of new registrations. Konekesko's sales in December were 20.8 million, down 50.2%. Sales decreased by 39.0% in Finland and by 56.7% in foreign countries, as a result of the weakened machinery market and the downsizing of the Baltic agricultural trade.
Kesko Group sales in euros, excluding VAT, in December 2009:
|
|
December |
2009 |
1.1. - |
31.12.2009 |
|
|
million |
Change,% |
million |
Change,% |
|
Food trade, total |
354.6 |
-0.4 |
3,845.6 |
2.2 |
|
Home and speciality goods trade, Finland |
221.2 |
5.0 |
1,550.0 |
-2.0 |
|
Home and speciality goods trade, other countries |
2.0 |
-34.5 |
27.6 |
-39.6 |
|
Home and speciality goods trade, total |
223.1 |
4.4 |
1,577.6 |
-3.1 |
|
Building and home improvement trade, Finland |
67.4 |
-2.0 |
1,071.7 |
-21.0 |
|
Building and home improvement trade, other countries |
86.7 |
-9.3 |
1 279.7 |
-23.3 |
|
Building and home improvement trade, total |
154.1 |
-6.3 |
2 351.4 |
-22.3 |
|
Car and machinery trade, Finland |
43.4 |
-26.5 |
790.4 |
-31.6 |
|
Car and machinery trade, other countries |
11.9 |
-56.3 |
177.1 |
-48.7 |
|
Car and machinery trade, total |
55.3 |
-35.9 |
967.5 |
-35.5 |
|
Common operations and eliminations |
-16.0 |
|
-169.2 |
|
|
|
|
|
|
|
|
Finland, total |
669.8 |
-1.0 |
7,081.5 |
-7.6 |
|
Other countries, total |
101.4 |
-20.0 |
1 491.4 |
-27.9 |
|
Grand total |
771.1 |
-4.0 |
8 572.9 |
-11.9 |
With effect from 1 January 2009, the Kesko Group's reportable segments are the food trade, the home and speciality goods trade, the building and home improvement trade, and the car and machinery trade (stock exchange release on 12 December 2008).
Change, % indicates the change over the corresponding period of the previous year.
In December 2009, the number of selling days in Kesko's wholesale was 21, which is one more than in December 2008. The total number of selling days in January-December was two less than in the previous year. The number of retail selling days in December was 27, which is the same as in the previous year. The total number of retail selling days in January-December was four less than in the previous year.
Kesko publishes advance information about the K-Group's retail sales quarterly, in connection with the interim financial reports.
Further information is available from Vice President, Corporate Controller Jukka Erlund, tel. +358 1053 22338.
Kesko Corporation
Paavo Moilanen
Senior Vice President, Corporate Communications and Responsibility
DISTRIBUTION
NASDAQ OMX Helsinki
Main news media
www.kesko.fi
