KESKO CORPORATION STOCK EXCHANGE RELEASE 12.12.2008 AT 11.00 1(2)
The Kesko Group's sales from continuing operations in November 2008
totalled €720.4 million (excluding VAT), which is down by 7.7%
compared with the previous year. In January-November, the sales from
continuing operations were €8,931.5 million (excluding VAT), up 3.6%.
The sales from foreign operations in November were €148.2 million, a
decrease of 20.3%. Foreign operations accounted for 21% of the
Group's sales.
In November, Kesko Food's sales were €339.0 million, representing a
decrease of 1.6%. Sales to K-food store chains grew by 2.1%. The
number of delivery days in November was two less than in the previous
year.
Rautakesko's sales decreased by 20.8% to €171.6 million in November.
Sales in Finland were down 24.3%. Sales abroad decreased by 19.1%. In
the Baltic countries, sales dropped by 20.4%. Stroymaster's sales in
Russia increased by 32.1%.
VV-Auto's sales in November were €45.9 million, which was 30.6% more
than in the previous year. The comparable year's sales decrease was
due to the car tax change published in November 2007. The market
share of passenger cars represented by VV-Auto was 17.6% (11.3%) in
November.
Anttila's November sales were €52.8 million, a decrease of 1.5%. The
sales of Anttila department stores decreased by 1.7% and those of
Kodin Ykkönen department stores by 3.3%. NetAnttila's distance sales
were up 2.2%.
Kesko Agro's sales in November were €62.4 million, down 12.1%. Sales
in Finland decreased by 11.1% due to the grain trade. Sales in the
Baltic countries dropped by 13.5% as a result of the decline in the
construction machinery trade.
The Kesko Group's sales, excluding VAT, in November 2008:
November 2008 1.1. - 30.11.2008
€ million Change, % € million Change, %
Kesko Food, Finland 338.0 -1.4 3,725.2 5.8
Kesko Food, other countries 1.0 -36.9 13.4 -12.3
Kesko Food, total 339.0 -1.6 3,738.5 5.7
Rautakesko, Finland 53.1 -24.3 873.2 -2.6
Rautakesko, other countries 118.5 -19.1 1,551.5 2.5
Rautakesko, total 171.6 -20.8 2,424.7 0.6
VV-Auto, Finland 45.2 37.5 840.4 10.1
VV-Auto, other countries 0.7 -69.3 14.8 -40.6
VV-Auto, total 45.9 30.6 855.3 8.4
Anttila, Finland 51.6 -1.3 458.9 0.2
Anttila, other countries 1.2 -9.0 18.1 -5.3
Anttila, total 52.8 -1.5 477.0 0.0
Kesko Agro, Finland 37.6 -11.1 497.3 8.5
Kesko Agro, other countries 24.8 -13.5 294.3 8.2
Kesko Agro, total 62.4 -12.1 791.6 8.4
Other operating activities, 47.0 -16.3 609.5 -2.8
Finland
Other operating activities,
other countries 2.1 -66.0 52.6 -28.0
Other operating activities, 49.1 -21.3 662.1 -5.5
total
Common operations and
eliminations -0.5 -17.7
Finland, total 572.2 -3.8 6,989.3 4.2
Other countries, total 148.2 -20.3 1,942.2 1.7
Grand total 720.4 -7.7 8,931.5 3.6
Other operating activities consist of Konekesko, Intersport Finland,
Indoor Group, Musta Pörssi and Kenkäkesko.
On 28 February 2008, the Kesko Group classified Kauko-Telko, and on
31 March 2008, Tähti Optikko Group as discontinuing operations, which
is why the sales of those operating activities are not included in
the above figures.
Starting from July 2007, Rautakesko's sales figures include the sales
of OMA, the Belarusian subsidiary of Rautakesko's subsidiary Senukai.
Change, % indicates the change over the corresponding period of the
previous year.
In November 2008, the number of selling days in Kesko's wholesale was
20, which was two less than in November 2007. In January-November,
the total number of wholesale selling days was the same as in the
previous year. The number of retail days in November was the same as
last 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 Jukka Erlund, Vice President,
Corporate Controller, tel. +358 1053 22338.
Kesko Corporation
Paavo Moilanen
Senior Vice President, Corporate Communications and Responsibility
DISTRIBUTION
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