Kesko (KESKOB) Investor presentation summary

Strategic direction and growth

• Pursuing growth across grocery, building and technical, and car trade divisions, with a focus on strengthening market position and operational excellence.

• Building and technical trade targeted as the largest division post-acquisition, aiming for net sales of nearly €10 billion in the early 2030s.

• Long-term profitability target for building and technical trade remains at 6-8%.

• Sustainability and digitalisation are core to strategy, with measurable actions across all divisions.

Financial performance and outlook

• Net sales reached €12.87 billion (rolling 12 months Q2/2026), with operating profit at €678.7 million and a 5.3% margin.

• All divisions saw net sales growth in Q2/2026; operating profit improved, especially in technical trade.

• Cash flow from operating activities was €1,020.1 million, and return on capital employed was 10.4%.

• Profit guidance for 2026: comparable operating profit expected at €670-730 million.

• Dividend for 2025 set at €0.90/share, with a policy of distributing 60-100% of comparable EPS.

Grocery trade division

• Market share grew to 33.5% in 2025, with net sales of €6.53 billion and operating margin of 6.5%.

• Online grocery sales up 11.3%, now 4% of grocery sales; customer satisfaction and store network investments remain high.

• Kespro leads Finnish foodservice with a 49.2% market share.

• Focus on quality, price competitiveness, and targeted investments in growth centers.