Kesko's sales increased in April

KESKO CORPORATION STOCK EXCHANGE RELEASE 16.05.2016 AT 09.00 1(2)

Kesko's sales increased in April

Kesko Group's sales in April 2016 totalled €810.7 million and were up 6.1%. In comparable terms, sales increased by 2.5% in local currencies, excluding the impact of Suomen Lähikauppa.

"In April, Kesko's sales increased in all divisions. As of 12 April 2016, the sales of the grocery trade include the sales of Suomen Lähikauppa, acquired in April. The sales of the the building and home improvement trade and the sales of the car trade grew strongly," says Kesko's President and CEO Mikko Helander.

The sales of Kesko's grocery trade in April were €418.9 million and increased by 7.3% from the previous year. Suomen Lähikauppa excluded, the sales of the grocery trade were €378.0 million, representing a comparable change of -2.8%. The sales performance was partly attributable to the declining price trend in the grocery trade, as well as the change in the operating model of store fixture sales which reduced the sales by -1.2 percentage points. There was one delivery day more than in the previous year.

The sales of the home improvement and speciality goods trade in April were €315.5 million, and comparable sales increased by 7.4% in local currencies. In Finland, sales grew by 5.7%. Outside Finland, comparable sales increased by 9.4% in local currencies. The sales of the building and home improvement trade increased by 10.9% in local currencies.

The sales of the car trade in April were €76.2 million, up 13.0% from the previous year.

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

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

Change, %, indicates the change compared to the corresponding period of the previous year. Comparable change, %, indicates the change compared to the corresponding period of the previous year in local currencies and excluding the impact of acquistions and disposals.

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