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

Q3 2021 Kesko Oyj Earnings Call Transcript

Oct 29, 2021 / 09:30AM GMT

Release Date Price: €28.01 (-5.66%)

Transcript

Mikko Helander

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

Ladies and gentlemen, welcome to Kesko's Third Quarter 2021 release call. I'm Kesko CEO, Mikko Helander. I have together with me, our CFO, Jukka Erlund; and from Investor Relations, Hanna Jaakkola.

The best results in Kesko's history. This is the eighth time in a row I have the great honor to announce a record result. Today's agenda is the following. I will first give a short overview of our business performance. Thereafter, I will go through our strategy and our three segments that are creating the solid foundation we are building the future on. And at the end, we will be happy to take questions, both by phone and via chat.

Key events in the third quarter. Like I said, the best result in our history. All-time best profit and profitability building in technical trade. In grocery trade, record results, and continued profitability improvement. Good result also in car trade.

Kesko acquired see Byggarnas Partner last summer and the acquisition was completed on the 1st of September.

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