"In 2016, Kesko's net sales returned to significant growth and profitability improved. The return on capital employed also improved in comparison with the previous year."
Jukka Erlund, EVP, CFO
"Kesko seems to be firmly back on the front foot and our recent meeting with the Company in Helsinki confirmed that the business has strong momentum at the moment with management actions delivering good results. The Company meets our focus on change investment process and scores well on our proprietary quantitative screen which helps us scour the European investment universe for potentially interesting ideas that are going through some kind of change and where there is the potential for a valid non-consensus view."