Kesko (KESKOB) Investor presentation summary

Strategic direction and vision

• Pursuing growth across all three business divisions: grocery trade, building and technical trade, and car trade.

• Focus on strengthening market position, operational excellence, and omnichannel customer experience.

• Portfolio expected to remain stable through 2026, with emphasis on developing current businesses and maintaining a moderately leveraged balance sheet.

• Sustainability and digitalisation are core to strategy, with measurable progress tracked via global indices.

Financial performance and targets

• Net sales grew to €12,474.7 million in 2025, with all divisions contributing to growth.

• Comparable operating profit reached €654.9 million, with an operating margin of 5.3%.

• Return on capital employed was 10.4%, below the long-term target of over 14.5%.

• Dividend proposal of €0.90 per share, payout ratio 84%, in line with policy.

• Capital expenditure increased to €735.7 million, driven by acquisitions and store investments.

Grocery trade division

• Market share increased to 33.7% in 2025, with strong positions in both retail and foodservice.

• Net sales reached €6,447 million; operating margin remained robust at 6.5%.

• Investments focused on store network upgrades, price competitiveness, and digital services.

• Kespro maintained its market leadership in foodservice with a 49.2% share.

• Online grocery sales and customer satisfaction both saw notable growth.