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2007-09-11 10:00:00 CEST 2007-09-11 10:00:00 CEST REGULATED INFORMATION Kesko Oyj - Company AnnouncementKesko's sales increased by 11.5% in AugustKESKO CORPORATION STOCK EXCHANGE RELEASE 11.09.2007 The Kesko Group's sales, excluding VAT, in August 2007 totalled €851.8 million, an increase of 11.5% over the corresponding period of the previous year. In January-August, the sales, excluding VAT, were €6,368.8 million, up 10.2% on the previous year. In January- August, the sales of foreign operations were €1,385.1 million, accounting for 22% of the Group's sales. Kesko Food's sales increased by 10.8% in August and were €346.0 million. Citymarket Oy's sales of home and speciality goods developed particularly well thanks to the increased sales of home electronics due to Finland's move to the digital television era. Rautakesko's sales increased by 12.8% in August and were €237.4 million. Sales in Finland were up by 1.6% and in other countries by 20.0%. Sales growth in the Baltic countries was 21.6% and in Russia 47.4%. VV-Auto's sales in August were €69.0 million, an increase of 16.1% on last year. In Finland, the number of first registrations of passenger cars dropped by 0.4% in August. The market share of passenger cars represented by VV-Auto was 15.7% (14.0%). Anttila's sales in August were €48.4 million, an increase of 8.8%. The sales of Kodin Ykkönen department stores grew by 12.6% and the sales of Anttila department stores by 9.0%. Sales of home electronics increased most. Kesko Agro's sales in August were €66.3 million, up 5.3%. Sales in Finland increased by 0.8%. Sales increase in the Baltic countries was 13.4% which can be attributed to good sales of the animal husbandry machinery. Kesko Group sales, excluding VAT, in August 2007: August 2007 1.1. - 31.08.20 07 € million Change, € Change, % million % Kesko Food, Finland 344.6 10.8 2,542.9 7.5 Kesko Food, other countries 1.4 11.4 10.8 -2.8 Kesko Food, total 346.0 10.8 2,553.7 7.5 Rautakesko, Finland 84.0 1.6 663.2 13.2 Rautakesko, other countries 153.4 20.0 1 039.4 25.5 Rautakesko, total 237.4 12.8 1,702.6 20.4 VV-Auto, Finland 67.6 17.4 599.3 4.9 VV-Auto, other countries 1.4 -25.4 17.6 54.3 VV-Auto, total 69.0 16.1 616.9 5.9 Anttila, Finland 46.4 9.8 315.1 2.8 Anttila, other countries 2.0 -10.1 13.3 -4.5 Anttila, total 48.4 8.8 328.4 2.4 Kesko Agro, Finland 40.8 0.8 328.3 1.2 Kesko Agro, other countries 25.5 13.4 182.2 8.3 Kesko Agro, total 66.3 5.3 510.5 3.6 Other operating activities, 75.1 15.4 551.1 8.2 Finland Other operating activities, 13.3 16.8 128.4 20.6 other countries Other operating activities, 88.4 15.6 679.5 10.4 total Common operations and -3.7 -22.8 eliminations Finland, total 655.7 9.7 4,983.7 7.3 Other countries, total 196.1 18.1 1,385.1 22.2 Grand total 851.8 11.5 6,368.8 10.2 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 August 2007, the number of trading days in Kesko's wholesale was 23, which was the same as in August 2006. The total number of trading days in January-August 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 Harri Utoslahti Communications Manager DISTRIBUTION Helsinki Stock Exchange Main news media |
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