Kesko's sales in March

KESKO CORPORATION STOCK EXCHANGE RELEASE 14.04.2016 AT 09.00 1(2)

Kesko's sales in March

Kesko Group's sales in March 2016 totalled €769.3 million. In comparable terms excluding Anttila, sales decreased by 2.5% in local currencies.

"In March, the sales development of the home improvement and speciality goods trade in particular was affected by the timing of Easter and the smaller number of delivery days compared to the previous year. The declining price development continued in the grocery trade," says Kesko's President and CEO Mikko Helander.

The sales of Kesko's grocery trade in March were €413.5 million and decreased by 1.1% in local currencies due to the price development.

The sales of the home improvement and speciality goods trade in March were €281.2 million, and comparable sales excluding Anttila decreased by 5.1% in local currencies. In Finland, comparable sales declined by 7.9% whereas the market position strengthened further. Outside Finland, comparable sales decreased by 1.0% in local currencies. The sales of the building and home improvement trade decreased by 4.4% in local currencies.

The sales of the car trade in March were €74.8 million, up 0.8% from the previous year.

Kesko Group's sales in euros, excluding VAT, in March 2016:

Kesko Group's sales in euros, excluding VAT, in January-March 2016:

Change, %, indicates the change compared to the corresponding period of the previous year.

In March 2016, the number of selling days in Kesko's wholesale in Finland was 21, which was one less than in the previous year. The total number of selling days in January-March was one less than in the previous year.

Kesko releases advance information on the K-Group's retail sales quarterly, in connection with interim reports.

Further information is available from Vice President, Group Controller Eva Kaukinen, tel. +358 105 322 338.

Kesko Corporation

Merja Haverinen
Vice President, Group Communications

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