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

Q4 2021 Kesko Oyj Earnings Call Transcript

Feb 03, 2022 / 07:00AM GMT

Release Date Price: €28.52 (-1.04%)

Transcript

Operator

Ladies and gentlemen, welcome to Kesko's Full Year 2021 Release Call. I'm Kesko's CEO, Mikko Helander. I have, together with me, our business presidents, Jorma Rauhala, Ari Akseli, Matti Virtanen as well as our CFO, Jukka Erlund; and IR, Hanna Jaakkola. Today's agenda is the following, I will first give an overview of our business performance in 2021 and Q4. Thereafter, I will go through our guidance for 2022. After the presentation, we will be happy to take questions, both by phone and via sat.

EUR 776 million, the best result in our annual result has improved for 7 years in a row, and our quarterly result has also been recorded for 11 quarters in a row. The record result is a strong proof that our growth strategy is working and being successfully executed.

Key events In 2021. Like I said, this is the best result in Kesko's history. We were able to significantly increase our profit in comparable terms by nearly EUR 208 million. Our net sales grew by 8.2% in grocery trade of retail sales and profit record strong sales growth at all-time best profit also in building and technical trade

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