Net sales reached €12,284.5 million (rolling 12 months Q3/2025), with operating profit at €651.2 million and an operating margin of 5.3%.
All three business divisions—grocery, building and technical trade, and car trade—reported net sales growth in Q3/2025.
Cash flow from operating activities was €888.1 million, and return on capital employed was 10.6%.
Capital expenditure increased to €705.2 million, mainly for store sites and logistics.
Market capitalization stands at €7bn, with ~121,000 shareholders.
Grocery trade: Net sales €6,398 million, operating margin 6.6%; focus on price competitiveness, network expansion, and quality improvement.
Building and technical trade: Net sales €4,560 million, operating margin 3.7%; growth driven by acquisitions, especially in Denmark, and integration of new businesses.
Car trade: Net sales €1,350 million, operating margin 6.1%; strong growth in new and used car sales, with a 14.5% market share in new cars.
All divisions are positioned for further improvement in 2026 as market conditions are expected to strengthen.
Significant investments in store site network, especially in growth centers, with €200-250 million annual capex planned.
Multiple new hypermarkets and store remodels planned in Helsinki, Vantaa, Espoo, and other cities through 2028.
Major acquisitions in Denmark (Davidsen, Tømmergaarden, Roslev Trælasthandel, CF Petersen & Søn) have increased market share to nearly 20%.
Onnela logistics center completed below budget, enabling future growth and efficiency.
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Kesko Corporation is a retail conglomerate established in 1940 and based in Helsinki, Finland. The company operates in a variety of sectors within the retail industry such as groceries & consumer goods, building materials, and automotive services. Over the decades the company has expanded its reach, not just within Finland but also by making inroads into several neighboring markets. Kesko is a diversified company, and its operations encompass both wholesale and retail activities.
Kesko was established in 1940 in Helsinki as a cooperative endeavor by a consortium of independent retailers. The cooperative model was adopted to bolster buying power and ensure competitive retail prices, benefiting both members and consumers. As the years passed, Kesko's commitment to this collective approach not only solidified its place in the Finnish retail sector but also facilitated its expansion into diverse product and service categories. While Kesko is a company firmly rooted in Finland both businesswise and culturally, the company now has a presence in several countries across northern Europe.
The grocery business is a key segment of Kesko's diversified portfolio, and the company has a significant share of the market in Finland. Operating under various banners such as K-Citymarket, K-Supermarket, and K-Market, Kesko has stores in everything from metropolitan hubs as well as in more rural areas. The grocery division thrives on a distinctive model that combines the power of centralized buying and supply chain management with the flexibility and local insight of independent K-retailers. These retailers, while benefiting from the collective strength of the Kesko group, maintain autonomy over their outlets, tailoring offerings to the specific demand and preferences of their local clientele.
As previously mentioned, Kesko operates other retail segments apart from just their grocery stores. The company has a strong foothold in the building, home improvement, and technical trade sectors, offering tools, machinery, construction materials, and even B2B services. Brands like K-Rauta cater to both individual consumers and professional builders alike and can be compared to the offerings of international companies such as Home Depot and Lowes. Kesko’s car trade division deals with the import, retail, and after-sales services of various automobile brands, including names such as Volkswagen and Audi, as well as several other well-known automotive brands. The company has an array of car dealerships, and the segment offers new and used cars, as well as associated services.
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