Kesko's sales increased in June

KESKO CORPORATION STOCK EXCHANGE RELEASE 14.7.2016 AT 09.00 1(2)

Kesko's sales increased in June

Kesko Group's sales in June 2016 totalled €1,006.4 million and were up 31.4%. In comparable terms, sales increased by 5.7% in local currencies, excluding the impact of Suomen Lähikauppa and Onninen.

"In June, Kesko's sales increased in comparable terms in all divisions. The acquisition of Onninen was finalised at the beginning of June and caused a significant increase in the sales of the building and technical trade," says Kesko's President and CEO Mikko Helander.

The sales of Kesko's grocery trade in June were €481.9 million and increased by 21.7%. Suomen Lähikauppa excluded, the sales of the grocery trade were €414.5 million, representing a comparable change of +4.7%.

The sales of the building and technical trade in June were €450.4 million, up 48.6%. Excluding Onninen, the sales of the building and technical trade were €310.4 million, up 5.7% in local currencies. In Finland, excluding Onninen, sales grew by 1.1%. Outside Finland, excluding Onninen, sales increased by 10.0% in local currencies. The sales of the building and home improvement trade increased by 4.8% in local currencies. The sales of the leisure trade were at the same level as in the previous year in local currencies and the sales of the agricultural and machinery trade increased by 14.4%.

The sales of the car trade in June were €74.8 million, up 13.9% from the previous year.

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

Kesko Group's sales in euros, excluding VAT, in January-June 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 acquisitions and disposals.

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