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

Q2 2021 Kesko Oyj Earnings Call Transcript

Jul 23, 2021 / 09:30AM GMT

Release Date Price: €35.33 (+2.52%)

Transcript

Mikko Helander

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

Ladies and gentlemen, welcome to Kesko's Half Year 2021 Release Call. I'm Kesko's CEO, Mikko Helander. I have, together with me, our CFO, Jukka Erlund; and Vice President, Investor Relations, Hanna Jaakkola.

It is an honor to start the call with the same words as last time, again another record quarter. I will first give a short overview of our business performance. Thereafter, I will go through the company's updated strategy and financial targets. And at the end, we will be happy to take questions, both by phone and via chat.

The second quarter result was a record and the best quarter ever. During the quarter, a strategy review was conducted. The outcome is clear. Kesko continues the execution of its growth strategy. Also new financial targets were set. During second quarter, good retail sales growth continued in grocery stores and foodservice businesses. Kespro sales and profitability returned to normal levels. Also in building and technical trade, sales and profitability continued well in all

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