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

Full Year 2022 Kesko Oyj Earnings Call Transcript

Feb 02, 2023 / 07:00AM GMT
Release Date Price: €21.18 (-1.58%)
Operator

Welcome to the conference call. (Operator Instructions)

Now I will hand the conference over to the speakers. Please go ahead.

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

Ladies and gentlemen, welcome to Kesko's Financial Statements 2022 Release Call. I'm Kesko's CEO, Mikko Helander. I have together with me our business area presidents, Jorma Rauhala, Ari Akseli and Matti Virtanen, as well as CFO, Jukka Erlund; and Investor Relations, Hanna Jaakkola.

In 2022, all divisions generated good results. Now I will first give an overview of our business performance last year as well as the updated guidance and outlook for this year. After the presentation, we will be happy to take questions, both by phone and via chat.

Key topics in '22. First of all, good progress in strategy execution in all divisions. In grocery trade, profitability remained good; in building and technical trade, a record result; in car trade, profitability was good despite availability issues. One action with big impact was

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