Kesko Oyj (OTCPK:KKOYF)

$ 20 0 (0%) Market Cap: 7.93 Bil Enterprise Value: 11.01 Bil PE Ratio: 18.06 PB Ratio: 2.84 GF Score: 85/100

Q2 2022 Kesko Oyj Earnings Call Transcript

Jul 26, 2022 / 06:00AM GMT

Release Date Price: $33.85

Transcript

Mikko Helander

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

Ladies and gentlemen, welcome to Kesko's Second Quarter Release Call. I'm Kesko's CEO, Mikko Helander. I have together with me our business area Presidents, Jorma Rauhala; Ari Akseli and Matti Virtanen as well as CFO, Jukka Erlund and Investor Relations, Hanna Jaakkola.

Second quarter '22 was the best second quarter in Kesko's history and record result in Building and Technical trade. Today's agenda is the following. I will first give an overview of our business performance in second quarter and our updated guidance for 2022. After the presentation, we will be happy to take questions, both by phone and via chat.

Key events in second quarter. The best second quarter result in Kesko's history, impact of the pandemic on Kesko's businesses has clearly declined. Building and Technical Trade division result was record. In Grocery trade sales grew and profitability stayed at a good level. In Car trade, profitability improved in a difficult operating environment.

Net sales growth continued in

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