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Kesko in brief and key indicators

Kesko is a Finnish trading sector pioneer. We operate in the grocery trade, the building and technical trade and the car trade. Our divisions and chains act in close cooperation with retailer entrepreneurs and other partners. We have around 1,800 stores engaged in chain operations in Finland, Sweden, Norway, Estonia, Latvia, Lithuania, Belarus and Poland.

  • Kesko and more than 1,100 K-retailers form K Group, the pro forma retail sales of which were around €13 billion (VAT 0%) in 2017.
  • K Group is the third largest retail operator in Northern Europe.
  • K Group employs around 42,000 people, around 30,000 in Finland.
  • Kesko is a listed company and its shares are listed on Nasdaq Helsinki. Market capitalisation is around €4.5 billion, the number of shareholdes is around 42,300 (31 Dec. 2017).
  • Kesko's domicile and main premises are in Helsinki.
  • Kesko is the world's most sustainable trading sector company (The Global 100 Most Sustainable Corporations in the World).
K Group’s retail sales and store numbers by operating country
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Key indicators

Net sales

Comparable operating profit

Comparable return on capital employed

Average number of personnel during the reporting period

Divisions in brief 

Grocery trade

Grocery trade

  • Net sales €5,282 million
  • 1,282 stores in Finland
  • Market share approximately 37.2%
  • Some 1.2 million customers visit K-food stores every day
  • K-retailers tailor their product selections and services to suit the needs of local customers
  • The K-food store chains are K-Citymarket, K-Supermarket, K-Market and Neste K service stations
  • Kespro is the leading Foodservice provider in Finland
Building and technical trade

Building and technical trade

  • Net sales €4,486 million
  • 597 stores
  • Operates in Finland, Sweden, Norway, Estonia, Latvia, Lithuania, Poland and Belarus
  • Leading operator in the Northern European building and home improvement trade markets
  • In addition to products for building and home improvement and technical trade, we offer comprehensive multichannel services for building, renovation and building services engineering for both business customers and consumers
  • We service our customers under the K-Rauta, Onninen, Byggmakker, K-Senukai and OMA brands
Car trade

Car trade

  • Net sales €909 million
  • VV-Auto is the market leader in Finland with a market share of 18.6%
  • VV-Auto imports and markets Volkswagen, Audi, SEAT and Porsche passenger cars, and Volkswagen Commercial Vehicles in Finland, and imports and markets SEAT vehicles in Estonia and Latvia
  • VV-Auto also imports MAN trucks and MAN and Neoplan buses into Finland
  • In addition to its traditional business, VV-Auto develops various service concepts and multi-channel services for the car trade

Key sustainability goals

Purchasing and human rights

Audits of production in high-risk countries ensure social responsibility.

Product safety

Product Research ensures that products are safe for users and meet quality promises.

Environment

Since the beginning of 2017, all electricity purchased by Kesko in Finland has been produced with renewable energy.

Personnel

Our strategy is implemented by a professional and committed personnel.

Prevention of corruption and bribery

The K Code of Conduct guides our daily work.

Kesko’s business model

Kesko’s principal business model in the Finnish market is the chain business model, in which independent K-retailers run retail stores in Kesko's chains.

B2B trade is a significant and growing part of Kesko’s business operations. In 2017, its net sales were €3.8 billion, accounting for some 35% of Kesko’s net sales.

Outside Finland, we mainly engage in own retailing and B2B trade. Net sales outside Finland accounted for 22% of Kesko’s net sales in 2017.

Kesko's net sales by business model