Kesko Group's comparatives for the period 1 Jan. 2014 to 30 Jun. 2015 presented according to the new segment structure


KESKO CORPORATION STOCK EXCHANGE RELEASE 31.08.2015 AT 09.00 1(3)

 

Kesko Group's comparatives for the period 1 Jan. 2014 to 30 Jun. 2015 presented according to the new segment structure

 

Kesko Group's reporting segments as of 1 July 2015

The composition of Kesko's divisional structure and segment reporting were changed as of 1 July 2015. An agricultural and machinery trade unit was established as part of the speciality goods trade of the home improvement and speciality goods trade division (stock exchange release on 27 May 2015). As of 1 July 2015, Kesko Group's reportable segments are the grocery trade, the home improvement and speciality goods trade and the car trade.

 

The grocery trade comprises the food trade operated in Finland based on the K-retailer business model, K-citymarket's home and speciality goods trade, K-food stores in Russia and Kespro Ltd's wholesale trade of groceries.

 

The home improvement and speciality goods trade comprises the building and home improvement trade, the agricultural and machinery trade and the leisure trade. The chains of the building and home improvement trade are K-rauta, Rautia, Rautakesko B2B Service, Byggmakker, Senukai, OMA, Asko and Sotka and Musta Pörssi. The agricultural and machinery trade includes the operations of K-maatalous and Konekesko. The leisure trade chains are Intersport, Budget Sport and Kookenkä. Anttila's operating activities are included in the reporting segment figures until March 2015. The home improvement and speciality goods trade has operations in eight countries.

 

The car trade comprises VV-Auto's import and retail operations.

 

Further information on the matter is available from Jukka Erlund, Senior Vice President, Chief Financial Officer, Kesko Corporation, telephone +358 105 322 113 and Vice President, Group Controller Eva Kaukinen, telephone +358 105 322 338.

 

KESKO CORPORATION

 

 

Merja Haverinen
Vice President, Group Communications

 

 

ATTACHMENTS

Net sales by segment 2014 and 2015

Operating profit by segment 2014 and 2015

Operating profit excl. non-recurring items by segment 2014 and 2015

Operating margin excl. non-recurring items by segment 2014 and 2015

Capital employed by segment 2014 and 2015

Return on capital employed excl. non-recurring items by segment 2014 and 2015

Return on capital employed excl. non-recurring items by segment rolling 12 mo 2014 and 2015

Capital expenditure by segment 2014 and 2015

Personnel average by segment 2014 and 2015

 

DISTRIBUTION

NASDAQ OMX Helsinki Ltd

Main news media

www.kesko.fi

 

 

Net sales by segment
(
€ million)
1-3/
2014
4-6/
2014
7-9/
2014
10-12/
2014
1-3/
2015
4-6/

2015
Grocery trade 1,102 1,202 1,190 1,260 1,103 1,149
Home improvement and speciality goods trade 815 974 942 837 773 883
Car trade 218 199 175 175 210 190
Common operations and eliminations -6 -5 -2 -5 -3  

4
Group total 2,129 2,371 2,304 2,267 2,082 2,227

 

Operating profit by segment
(
€ million)
1-3/
2014
4-6/
2014
7-9/
2014
10-12/
2014
1-3/
2015
4-6/

2015
Grocery trade 44.3 54.4 58.3 59.1 35.2 115.8
Home improvement and speciality goods trade -64.3 11.9 1.9 -1.5 -144.7 61.5
Car trade 10.1 7.4 6.3 5.2 9.8 6.5
Common operations
and eliminations
-3.1 -4.4 -3.2 -31.1 -3.9  

-8.0
Group total -13.0 69.4 63.4 31.7 -103.6 175.8

 

Operating profit excl. non-recurring items by segment

(€ million)
1-3/
2014
4-6/
2014
7-9/
2014
10-12/
2014
1-3/
2015
 

4-6/ 2015
Grocery trade 45.4 55.3 60.3 62.2 34.9 43.3
Home improvement and speciality goods trade -33.2 9.3 20.6 3.7 -14.2 34.5
Car trade 10.1 7.4 6.3 5.2 9.8 6.5
Common operations
and eliminations
-3.1 -4.4 -3.2 -9.3 -3.9  

-8.0
Group total 19.1 67.6 84.0 61.9 26.5 76.4

 

Operating margin excl. non-recurring items by segment 1-3/
2014
4-6/
2014
7-9/
2014
10-12/
2014
1-3/
2015
 

4-6/ 2015
Grocery trade 4.1 4.6 5.1 4.9 3.2 3.8
Home improvement and speciality goods trade -4.1 1.0 2.2 0.4 -1.8 3.9
Car trade 4.6 3.7 3.6 3.0 4.7 3.4
Group total 0.9 2.9 3.6 2.7 1.3 3.4

 

Capital employed by segment,
average


(€ million)
1-3/
2014
4-6/
2014
7-9/
2014
10-12/
2014
1-3/
2015
 

4-6/ 2015
Grocery trade 1,019 1,034 1,005 984 1,018 975
Home improvement and speciality goods trade 940 947 935 942 910 861
Car trade 99 105 89 91 98 95
Common operations
and eliminations
318 320 304 306 270 273
Group total 2,375 2,407 2,332 2,323 2,295 2,204

 

Return on capital employed excl. non-recurring items by segment,
%
1-3/
2014
4-6/
2014
7-9/
2014
10-12/
2014
1-3/
2015
 

 

4-6/

2015
Grocery trade 17.8 21.4 24.0 25.3 13.7 17.8
Home improvement and speciality goods trade -14.1 3.9 8.8 1.6 -6.3 16.0
Car trade 40.8 28.0 28.5 22.7 40.2 27.3
Group total 3.2 11.2 14.4 10.7 4.6 13.9

 

Return on capital employed excl. non-recurring items by segment, rolling 12 mo

%
3/
2014
6/
2014
9/
2014
12/
2014
3/
2015
 

 

6/

2015
Grocery trade 22.0 22.3 22.5 22.2 21.0 20.2
Home improvement and speciality goods trade -1.1 -1.0 -0.9 0.0 2.1 4.9
Car trade 36.0 33.5 33.0 30.1 29.9 29.8
Group total 9.9 9.9 10.0 9.9 10.2 10.9

 

Capital expenditure by segment
(
€ million)
  1-3/
2014
4-6/
2014
7-9/
2014
10-12/
2014
1-3/
2015
4-6/ 2015
Grocery trade   20 31 27 21 38 33
Home improvement and speciality goods trade   14 17 20 20 10 9
Car trade   3 6 2 2 3 4
Common operations
and eliminations
  7 1 3 0 1  

13
Group total   43 56 52 43 52 59

 

Personnel average by segment   1-3/
2014
1-6/
2014
1-9/
2014
1-12/
2014
1-3/ 2015 1-6/ 2015
Grocery trade   5,979 6,151 6,192 6,176 6,065 6,374
Home improvement and speciality goods trade   12,412 12,522 12,561 12,524 11,747 11,421
Car trade   811 831 833 825 775 783
Common operations   417 432 438 451 471 488
Group total   19,619 19,935 20,024 19,976 19,058 19,065