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Kesko in brief

Kesko is a Finnish trading sector pioneer. We operate in the grocery trade, the building and technical trade and the car trade. Our divisions and chains act in close cooperation with retailer entrepreneurs and other partners. We have over 2,000 stores engaged in chain operations in Finland, Sweden, Norway, Estonia, Latvia, Lithuania, Russia, Belarus and Poland.

  • Kesko and K-retailers form K Group, the pro forma retail sales of which were €13.2 billion (VAT 0%) in 2016
  • K Group is the third largest retail operator in Northern Europe
  • K Group employs around 45,000 people
  • Kesko is a listed company and its shares are listed on Nasdaq Helsinki
  • Kesko's domicile and main premises are in Helsinki
  • Kesko is the world's most sustainable trading sector company (The Global 100 Most Sustainable Corporations in the World)
K Group’s retail sales and store numbers by operating country
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Kesko's net sales by business model

Kesko’s principal business model in the Finnish market is the chain business model, in which independent K-retailers run retail stores in Kesko's chains.

B2B trade is a significant and growing part of Kesko’s business operations. In 2016, its net sales were €3.0 billion, accounting for some 30% of Kesko’s net sales.

Outside Finland, we mainly engage in own retailing and B2B trade.

Divisions in brief

Grocery trade

Grocery trade

In Finland, nearly 1,500 K-food stores offer their customer high-quality and affordable food. K-food stores have around 1.2 million customers every day. K food retailers listen to their customers' wishes and customise their stores' services according to local customer demand. The customer and quality are at the centre of everything that K-food stores do – our aim is to offer the most inspiring food stores in the market, along with supporting digital services.

Building and technical trade

Building and technical trade

The building and technical trade division offers its B2C and B2B customers comprehensive selections of building and home improvement products, as well as electrical and HEPAC products, the most comprehensive store network in Northern Europe, online stores and digital services. The division also includes the operations of the furniture trade, the agricultural and machinery trade, and the leisure goods trade.

Car trade

Car trade

VV-Auto is a company specialising in importing, retailing and providing after-sales service for vehicles manufactured by Volkswagen Group. VV-Auto also develops advanced service concepts for the car trade. VV-Auto is the market leader in Finland.

Key indicators

Net sales 2016

Comparable operating profit 2016

Grocery trade

Grocery trade key indicators

Net sales 2016

0 million

Comparable operating profit

0 million

Get acquainted with grocery trade

Operating countries

Finland

Number of stores

approx. 0

Building and technical trade

Building and technical trade key indicators

Net sales 2016

0 million

Comparable operating profit

0 million

Get acquainted with building and technical trade

Operating countries

Finland, Sweden, Norway, Estonia, Latvia, Lithuania, Poland, Russia and Belarus

Number of stores

approx. 0

Car trade

Car trade key indicators

Net sales 2016

0 million

Comparable operating profit

0 million

Get acquainted with car trade

Operating countries

Finland, Estonia and Latvia

Market share in Finland

0 %

Kesko's key performance indicators
Finances 2016 2015 2014 2013 2012
Net sales, € million 10,180 8,679 9,071 9,315 9,686
Comparable operating profit, € million 272.9 244.5 232.6 238.8 230.0
Comparable profit before tax, € million 271 238 226 233 228
Comparable earnings per share, basic, € 2.01 1.70 1.65 1.68 1.47
Dividend per share, € 2.00* 2.50 1.50 1.40 1.20
Comparable return on capital employed, % 11.9 11.7 9.9 9.8 9.0
Comparable return on equity, % 9.8 8.2 7.6 7.7 6.9
Cash flow from operating activities, € million 170 276 304 414 382
Capital expenditure, € million 743 219 194 171 378
* Proposal to the General Meeting

 

Comparable return on capital employed 11.9%

Personnel 2016 2015 2014 2013 2012
Personnel, average 22,476 18,955 19,976 19,489 19,747
Permanent employees, % 90.8 91.4 89.3 89.8 89.0
Full-time employees, % 73.3 77.5 74.2 71.9 71.3
Salaries, fees and social expenses paid, € million 723 545 614 611 608
Supervisory positions held by women, Finland, % 46 51 54 53 51
Training days per employee 0.8 1.1 1.2 1.3 0.9
Sickness absences, days per employee 11.1 10.5 10.5 11.2 11.2

 

As many as 3,100 people have already completed the K Code of Conduct eLearning programme offered in nine languages.

Environment 2016 2015 2014 2013 2012
Scope 1 and 2 emissions, thousand tonnes CO2e 125 188 202 191 205
Scope 1 and 2 emissions/net sales, tonnes CO2e/€ million 12.3 21.6 22.2 20.5 21.2
Scope 1 and 2 emissions/avg. number of employees, tonnes CO2e/person 5.6 9.9 10.1 9.8 10.4
Specific consumption of electricity, Finland, kWh/gross m2 204 207 205 209 213
Specific consumption of heat energy, Finland, kWh/gross m2 79 76 79 83 95
Waste recovery rate, Finland, % 99 99 97 95 93
The reporting boundary for Scope 2 emissions has changed for 2016

 

By summer 2017, there will be as many as 16 solar power plants on the rooftops of K Group stores. The new investments will make K Group Finland's biggest producer and user of solar power. 

Supply chain 2016 2015 2014 2013 2012
Goods, materials and services purchased, € million 9,839 8,593 8,839 9,037 9,454
Purchases from suppliers in Finland, % of all purchases 65.9 67.2 68.3 68.9 67.9
Direct purchases from high-risk countries, Finnish companies, % of all purchases 1 1.2 1.5 1.6 1.3
BSCI audits/year 270 187 162 106 67
Pirkka Organic products, pcs 118 134 116 95 99
Pirkka Fairtrade products, pcs 36 40 44 35 39

 

 

K-retailers' total purchases from Finnish regions were €602 million in 2016.