Q1 2022 Kesko Oyj Earnings Call Transcript
Ladies and gentlemen, welcome to Kesko's first quarter release call. I'm Kesko's CEO, Mikko Helander. I have together with me our business area presidents, Jorma Rauhala, Ari Akseli, Matti Virtanen; as well as CFO, Jukka Erlund; and Head of Investor Relations, Hanna Jaakkola.
Today's agenda is the following. I will first give an overview of our business performance in first quarter and our updated guidance for 2022. After the presentation, we will be happy to take questions both by phone and via chat.
Before I go deeper into Q1 results, it's good to remember, especially in current geopolitical environment that our successful strategic choices and timely execution are behind our results.
To mention examples of the strategy, we acquired both Suomen Lähikauppa and Onninen 6 years ago, we had divested in the department store and specialty food operations. We exited Russia as we divested all businesses there in 2016 and 2018, and we have expanded car trade in Finland and building a
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