Kesko (KESKOB) Investor presentation summary

Strategic direction and vision

• Pursues growth across grocery, building and technical, and car trade divisions, aiming to be the leading trading sector growth company in Northern Europe.

• Focuses on profitable growth, operational excellence, and strengthening market position through omnichannel customer experience and sustainability leadership.

• Portfolio expected to remain stable through 2026, with emphasis on developing current businesses and leveraging people and culture.

Financial performance and key figures

• 2024 net sales rose to €11,920.1m, but comparable operating profit declined to €650.1m; operating margin at 5.5%.

• Return on capital employed was 11.3%, with cash flow from operating activities at €1,008.2m.

• Dividend proposal of €0.90/share, payout ratio 81%.

• Q4 2024 marked the first quarterly result improvement in eight quarters.

Grocery trade

• Holds a 34.3% market share in Finnish grocery, with 1,100 stores and strong online presence; net sales €6,381.4m, operating margin 6.9%.

• Kespro leads Finnish foodservice with 49% market share.

• Focus on price competitiveness, store network investments, and personalized customer experience.

• Price program launched in 2025, investing €50m in price cuts on 1,200 products.