Kesko Oyj (STU:KEK)

€ 19.215 0.06 (0.31%) Market Cap: 7.61 Bil Enterprise Value: 10.48 Bil PE Ratio: 18.31 PB Ratio: 2.88 GF Score: 84/100

Kesko Oyj Annual Shareholders Meeting Transcript

Apr 08, 2019 / 10:00AM GMT

Transcript

Mikko Helander

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

[Interpreted] Mr. Chairman, distinguished shareholders, ladies and gentlemen, if you look at mankind, we have finally awoken to the fact that the planet is weakening and getting polluted, and we have justified reason to say that throughout all time, our major challenge will be stopping climate change. And when we talk about climate change and talk about the challenges that we, as people, as Finns, face in the upcoming years and decades in improving the state of this planet, it's interesting to note the fact that the majority of the environmental burden that we see is generated in areas where the K Group focuses on.

If we look at the average carbon footprint of a Finn, it's over 10,000 kilos of CO2 per year. And the major sources of this are food, housing, transport and travel, so the areas where K Group operates, not just in Finland but also in Northern Europe. So in this sense as well, we have a lot to give, a lot to do and obviously also a big responsibility to offer these trade services and solutions to

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