Kesko Oyj (OTCPK:KKOYF)

$ 20 0 (0%) Market Cap: 8.00 Bil Enterprise Value: 10.99 Bil PE Ratio: 18.06 PB Ratio: 2.84 GF Score: 85/100

Q3 2020 Kesko Oyj Earnings Call Transcript

Oct 29, 2020 / 10:30AM GMT

Release Date Price: $12.85

Transcript

Mikko Helander

Kesko Oyj - Chairman of the Group Management Board, President, CEO & MD

Ladies and gentlemen, welcome to our third quarter 2020 release call. I'm Kesko CEO, Mikko Helander. Together with me, I have our CFO, Jukka Erlund; and Vice President, Investor Relations, Hanna Jaakkola.

We celebrate our 80th anniversary with all-time record results. The performance of all the 3 divisions was very good. I will first give an overview of our business performance in third quarter. And thereafter, we will be happy to take questions, both by phone and via chat.

Key events in third quarter, record result and very strong cash flow. We achieved our financial targets. In the grocery trade, good performance continued.

Building and technical trade division had strong performance in all the operating countries. There was a clear positive turnaround in the car trade division.

The net sales forecast was continuing operations in third quarter totaled EUR 2.652 billion. It was up comparably by 4.6%, which equals EUR 83 million. Rolling 12 months, net sales were EUR 10.09

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