Kesko's sales in July 2010
KESKO CORPORATION STOCK EXCHANGE RELEASE 13.08.2010 AT 09.00 1(2)
The Kesko Group's sales, excluding VAT, totalled 734.9 million in July 2010, showing an increase of 0.9%.
In the food trade, sales in July were 334.8 million, an increase of 1.0%. The sales to K-food store chains were up by 1.0%.
In the home and speciality goods trade, sales in July were 120.7 million, a decrease of 5.3%. The sales performance was impacted by smaller year-on-year sale volumes coupled with the trend in the number of home and speciality trade customers in July. K-citymarket's sales of home and speciality goods increased.
In the building and home improvement trade, sales in July were 215.5 million, an increase of 5.5%. Sales in Finland were down by 1.1%. In other countries, sales increased by 10.7% in terms of euros and by 2.4% in terms of local currencies. In Russia, sales increased by 28.7% in terms of euros and by 14.0% in terms of the local currency. In the Baltic countries, sales were down by 9.3%.
In the car and machinery trade, VV-Auto's sales in July were 48.0 million, an increase of 6.6%. The combined market share of Volkswagen, Audi and Seat was 18.7% (18.6%). The July sales performance was lowered by the VAT rate increase effective from 1 July 2010, which advanced new car deliveries in June. Konekesko's sales in July were 26.3 million, down 14.2%. Sales performance in July was lowered by Konekesko's discontinuation of its agricultural supplies trade in the Baltic countries.
Kesko Group sales in euros, excluding VAT, in July 2010:
| July | 2010 | 1.1. - | 31.7.2010 | |
| million | Change,% | million | Change,% | |
| Food trade, total | 334.8 | 1.0 | 2,238.6 | 1.1 |
| Home and speciality goods trade, Finland | 119.8 | -4.9 | 809.7 | 1.1 |
| Home and speciality goods trade, other countries | 0.9 | -39.4 | 8.4 | -31.1 |
| Home and speciality goods trade, total | 120.7 | -5.3 | 818.2 | 0.6 |
| Building and home improvement trade, Finland | 89.2 | -1.1 | 692.7 | 4.3 |
| Building and home improvement trade, other countries | 126.3 | 10.7 | 748.1 | 2.3 |
| Building and home improvement trade, total | 215.5 | 5.5 | 1,440.8 | 3.3 |
| Car and machinery trade, Finland | 60.5 | 0.1 | 551.9 | 5.3 |
| Car and machinery trade, other countries | 13.8 | -9.3 | 69.0 | -25.4 |
| Car and machinery trade, total | 74.3 | -1.8 | 620.9 | 0.7 |
| Common operations and eliminations | -10.5 | -92.2 | ||
| Finland, total | 593.9 | -0.6 | 4,200.8 | 2.2 |
| Other countries, total | 141.0 | 7.8 | 825.4 | -1.2 |
| Grand total | 734.9 | 0.9 | 5,026.2 | 1.6 |
Change, % indicates the change over the corresponding period of the previous year.
In July 2010, the number of selling days in Kesko's wholesale in Finland was 22, which is one less than in July 2009. The total number of wholesale selling days in January-July was the same as in the previous year. The number of retail selling days in July was 31, which is the same as in the previous year. The total number of retail selling days in January-July was sixteen more than in the previous year.
The sales from operations in Finland presented in this release include the export sales of the companies in Finland (previously exports were included in the sales of other countries). The comparative figures have been restated to reflect the change in presentation.
Kesko publishes advance information about the K-Group's retail sales quarterly, in connection with the interim reports.
Further information is available from Senior Vice President, CFO Arja Talma, tel. +358 1053 22113.
Kesko Corporation
Paavo Moilanen
Senior Vice President, Corporate Communications and Responsibility
DISTRIBUTION
NASDAQ OMX Helsinki
Main news media
www.kesko.fi
