Kesko Oyj (LTS:0BNT)

€ 19.1675 0.0175 (0.09%) Market Cap: 7.57 Bil Enterprise Value: 10.44 Bil PE Ratio: 18.09 PB Ratio: 2.84 GF Score: 82/100

Kesko Oyj Annual Shareholders Meeting Transcript

Apr 28, 2020 / 07:30AM GMT

Release Date Price: €15.29 (+3.47%)

Transcript

Mikko Helander

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

Thank you, Mr. Chairman. Growth strategy yielded a record result. 2019 was a great year for Kesko and the K Group. As I said, it's an all-time record year in terms of sales and our result. And we can also say that our financial position and cash flow were strengthened, and we're at a very good level. We saw some excellent performance in the grocery trade, and this trend has continued for a longer period of time, several years already, and it was also great to see for 2019 that we were once again ranked among the most sustainable trade groups, the most sustainable grocery trade company. Strong growth continued in the building and technical trade, positive development in sales and profit. And despite challenges in the market and availability, some strong profit generation continued in the car trade.

So strong year. Net sales grew to EUR 10.7 billion, 3.3% change in net sales. Operating profit -- comparable operating profit, a record of EUR 461 million. Operating margin at 4.3%, close to EUR 340 million of

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