Kesko's sales increased in October

KESKO CORPORATION STOCK EXCHANGE RELEASE 14.11.2016 AT 09.00 1(2)

Kesko's sales increased in October

Kesko Group's sales in October 2016 totalled €944.9 million and were up 26.2%. In comparable terms, sales in local currencies decreased by 2.4%, excluding the impact of Suomen Lähikauppa and Onninen.

"Kesko's sales increased in October due to acquisitions. Sales performance in the Finnish grocery trade and the Finnish building and technical trade was weakened by the fact that there was one less delivery day compared to the previous year," says Kesko's President and CEO Mikko Helander.

The sales of the grocery trade in October were €449.2 million and increased by 11.1%. Suomen Lähikauppa excluded, the sales of the grocery trade were €385.2 million, representing a comparable change of -4.8%. The sales performance was affected by the number of delivery days, as well as All Saints' Day falling in November unlike the year before.

The sales of the building and technical trade in October were €420.4 million, up 51.1%. Excluding Onninen, the sales of the building and technical trade were €269.8 million, down 3.0% in local currencies. In Finland, sales excluding Onninen were down by 4.9%. Outside Finland, sales excluding Onninen decreased by 0.9% in local currencies. The sales of the building and home improvement trade increased by 0.3% in local currencies. The sales of the leisure trade decreased by 2.2% in Finland and the sales of the agricultural and machinery trade were down by 13.1%.

The sales of the car trade in October were €75.3 million, up 16.2% from the previous year.

Kesko Group's sales in euros, excluding VAT, in October 2016:

Kesko Group's sales in euros, excluding VAT, in January-October 2016:

Change, %, indicates the change compared to the corresponding period of the previous year. Comparable change, %, indicates the change compared to the corresponding period of the previous year in local currencies and excluding the impact of acquisitions and disposals.

In October 2016, the number of selling days in Kesko's wholesale in Finland was 21, which was one less than in the previous year. The total number of selling days in January-October was one more than in the previous year.

Kesko releases advance information on the K-Group's retail sales quarterly, in connection with interim reports.

Further information is available from Vice President, Group Controller Eva Kaukinen, tel. +358 105 322 338.

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