KESKO CORPORATION STOCK EXCHANGE RELEASE 12.12.2007 AT 11.00 1(2)
The Kesko Group's sales, excluding VAT, in November 2007 totalled €803.4 million, an increase of 4.8% over the corresponding period in the previous year. In January-November the sales, excluding VAT, were €8,846.2 million, up 9.6% on the previous year. In January-November, the sales of foreign operations were €2,013.4 million, accounting for 23% of the Group's sales.
Kesko Food's sales increased by 7.7% in November. The sales of all chains developed positively. Sales growth was particularly good in the K-citymarket chain, amounting to 13.5%.
Rautakesko's sales grew by 15.5% to €216.7 million in November. Sales in Finland were up by 6.9%. Abroad, sales increased by 20.1%. In the Baltic countries, sales increased by 19.9% and in Russia by 26.0%.
VV-Auto's sales were €35.2 million in November, which was 29.1% less than in the previous year. In Finland, the first registrations of passenger cars decreased by 58.1% in November. The market share of passenger cars represented by VV-Auto was 11.3% (11.4%). The change in the car tax, announced by the government on 1 November 2007, postponed a significant number of passenger car deliveries to customers to 2008.
Anttila's sales in November were €53.6 million, which was at the level of the previous year. The sales of Kodin Ykkönen department stores increased by 3.1% and those of Anttila department stores by 2.0%. Home technology sales developed well.
Kesko Agro's sales in November were €71.0 million, up 10.3%. Sales in Finland increased by 0.3%. Sales in the Baltic countries grew by 29.4%, which can be attributed to the good sales of machinery and grain.
|
|
November |
2007 |
1.1. - |
30.11.2007 |
|
|
€ million |
Change,% |
€ million |
Change,% |
|
Kesko Food, Finland |
343.0 |
7.7 |
3,522.3 |
7.4 |
|
Kesko Food, other countries |
1.6 |
4.6 |
15.3 |
1.7 |
|
Kesko Food, total |
344.6 |
7.7 |
3,537.6 |
7.4 |
|
Rautakesko, Finland |
70.3 |
6.9 |
896.4 |
11.3 |
|
Rautakesko, other countries |
146.4 |
20.1 |
1 513.6 |
25.7 |
|
Rautakesko, total |
216.7 |
15.5 |
2,410.0 |
19.9 |
|
VV-Auto, Finland |
32.9 |
-29.6 |
763.7 |
2.0 |
|
VV-Auto, other countries |
2.3 |
-20.2 |
25.0 |
31.7 |
|
VV-Auto, total |
35.2 |
-29.1 |
788.7 |
2.8 |
|
Anttila, Finland |
52.4 |
0.2 |
458.5 |
3.2 |
|
Anttila, other countries |
1.2 |
-13.6 |
18.6 |
-2.6 |
|
Anttila, total |
53.6 |
-0.1 |
477.1 |
3.0 |
|
Kesko Agro, Finland |
42.3 |
0.3 |
458.4 |
3.5 |
|
Kesko Agro, other countries |
28.7 |
29.4 |
272.1 |
11.3 |
|
Kesko Agro, total |
71.0 |
10.3 |
730.5 |
6.3 |
|
Other operating activities, Finland |
68.3 |
-10.2 |
758.3 |
4.9 |
|
Other operating activities, other countries |
17.2 |
-0.4 |
177.4 |
15.7 |
|
Other operating activities, total |
85.5 |
-8.4 |
935.7 |
6.8 |
|
Common operations and eliminations |
-3.2 |
|
-33.4 |
|
|
|
|
|
|
|
|
Finland, total |
606.7 |
1.1 |
6,832.8 |
6.4 |
|
Other countries, total |
196.7 |
18.3 |
2,013.4 |
22.2 |
|
Grand total |
803.4 |
4.8 |
8,846.2 |
9.6 |
Other operating activities consist of Konekesko, Intersport Finland, Indoor Group, Musta Pörssi, Kenkäkesko, Tähti Optikko Group and Kauko-Telko.
Starting from 1 March 2006, VV-Auto's sales figures include the sales of the new Volkswagen and Audi retail outlets acquired.
Kesko is looking into opportunities to dispose of Kauko-Telko. Kauko-Telko will be classified as a discontinuing operation in compliance with the IFRS 5 when it meets the criteria of the standard.
Starting from July, Rautakesko's sales figures include the sales of OMA, Rautakesko subsidiary Senukai's subsidiary in Belarus.
Change, % indicates the change over the corresponding period in the previous year.
In November 2007, the number of trading days in Kesko's wholesale was 22, which was the same as in November 2006. The total number of trading days was one more 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 Jukka Erlund, Vice President, Corporate Controller, tel. +358 1053 22338.
Kesko Corporation
Paavo Moilanen
Senior Vice President, Corporate Communications
Senior Vice President, Corporate Communications
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