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2007-08-09 10:00:00 CEST 2007-08-09 10:00:00 CEST REGULATED INFORMATION Kesko Oyj - Company AnnouncementKesko's sales increased by 12.0% in JulyKESKO CORPORATION STOCK EXCHANGE RELEASE 09.08.2007 Kesko's sales increased by 12.0% in July The Kesko Group's sales, excluding VAT, in July 2007 totalled €797.0 million, an increase of 12.0% over the corresponding period of the previous year. In January-July, the sales, excluding VAT, were €5,517.0 million, up 10.0% on the previous year. In January- July, the sales of foreign operations were €1,188.9 million, accounting for 21.5% of the Group's sales. Kesko Food's sales increased by 5.8% in July and were €318.6 million. Rautakesko's sales increased by 20.8% in July and were €223.5 million. Sales in Finland were up by 12.8% and in other countries by 25.9%. Sales growth in the Baltic countries was 33.1% and in Russia 44.8%. VV-Auto's sales in July were €72.2 million, an increase of 20.4% on last year. In Finland, the number of first registrations of passenger cars represented by VV-Auto increased by 16.3% in July, while the total market decreased by 2.1%. The market share of passenger cars represented by VV-Auto was 16.7% (14.1%). Anttila's sales in July were €48.8 million, up 9.7%. Seasonal sales and the sales of entertainment and home technology were successful. The sales of Kodin Ykkönen department stores increased by 15%. The sales of Anttila department stores increased by 3.9% and were affected by the closing of the City department store in Helsinki in January due to the expiry of the lease agreement. Kesko Agro's sales in July were €57.0 million, up 7.9%. Sales in Finland decreased by 8.4%, which can be attributed to the fuel trade that fell short of the previous year's level. Sales in the Baltic countries grew by 39.8% thanks to good sales of agricultural machinery. Kesko Group sales, excluding VAT, in July 2007: July 2007 1.1. - 31.07.20 07 € million Change, € Change, % million % Kesko Food, Finland 317.2 5.9 2,198.2 7.1 Kesko Food, other countries 1.4 -10.1 9.4 -4.7 Kesko Food, total 318.6 5.8 2,207.6 7.0 Rautakesko, Finland 80.0 12.8 579.1 15.1 Rautakesko, other countries 143.5 25.9 886.1 26.6 Rautakesko, total 223.5 20.8 1,465.2 21.8 VV-Auto, Finland 70.0 20.0 531.7 3.5 VV-Auto, other countries 2.2 34.1 16.3 69.5 VV-Auto, total 72.2 20.4 548.0 4.7 Anttila, Finland 47.5 10.0 268.7 1.6 Anttila, other countries 1.3 1.5 11.3 -3.4 Anttila, total 48.8 9.7 280.0 1.4 Kesko Agro, Finland 32.0 -8.4 287.5 1.3 Kesko Agro, other countries 25.0 39.8 156.7 7.6 Kesko Agro, total 57.0 7.9 444.2 3.4 Other operating activities, 65.3 14.4 476.1 7.2 Finland Other operating activities, 13.4 4.0 115.0 21.0 other countries Other operating activities, 78.7 12.5 591.1 9.6 total Common operations and -1.8 -19.1 eliminations Finland, total 610.9 8.5 4,328.1 7.0 Other countries, total 186.1 25.5 1,188.9 22.9 Grand total 797.0 12.0 5,517.0 10.0 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 Food is looking into opportunities to dispose of its HoReCa wholesaling subsidiary, Kespro Ltd. Kespro will be classified as discontinuing operations in compliance with the IFRS 5 when it meets the criteria of the standard. Kesko is looking into opportunities to dispose of Kauko-Telko. Kauko-Telko will be classified as discontinuing operations in compliance with the IFRS 5 when it meets the criteria of the standard. Change, % indicates the change over the corresponding period of the previous year. In July 2007, the number of trading days in Kesko's wholesale was 22, which was one more than in July 2006. The total number of trading days in January-July 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 Arja Talma, Senior Vice President, CFO, tel. +358 1053 22113. Kesko Corporation Harri Utoslahti Communications Manager DISTRIBUTION Helsinki Stock Exchange Main news media |
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