Kesko Oyj（KEK）株式概要Kesko Oyjはフィンランド、スウェーデン、ノルウェー、エストニア、ラトビア、リトアニア、デンマーク、ポーランドでチェーン事業を展開している。 詳細KEK ファンダメンタル分析スノーフレーク・スコア評価3/6将来の成長1/6過去の実績4/6財務の健全性2/6配当金4/6報酬当社が推定した公正価値より54.3%で取引されている 収益は年間8.67%増加すると予測されています 過去1年間で収益は10.3%増加しました リスク分析多額の負債を抱えている 不安定な配当実績 すべてのリスクチェックを見るKEK Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW478,504 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINRODA478,504 investors already sharing narrativesYour Fair Value€Current Price€21.4414.3% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture015b2016201920222025202620282031Revenue €15.2bEarnings €494.6mAdvancedSet Fair ValueView all narrativesKesko Oyj 競合他社Hawesko HoldingSymbol: XTRA:HAWMarket cap: €160.4mWASGAU Produktions & HandelsSymbol: DB:MSHMarket cap: €59.4mJ SainsburySymbol: LSE:SBRYMarket cap: UK£7.7bShoprite HoldingsSymbol: JSE:SHPMarket cap: R154.7b価格と性能株価の高値、安値、推移の概要Kesko Oyj過去の株価現在の株価€21.4452週高値€21.8652週安値€17.66ベータ0.831ヶ月の変化11.49%3ヶ月変化4.18%1年変化11.61%3年間の変化20.35%5年間の変化-41.63%IPOからの変化614.67%最新ニュースDeclared Dividend • Jul 24Dividend of €0.23 announcedShareholders will receive a dividend of €0.23. Ex-date: 14th October 2026 Payment date: 22nd October 2026 Dividend yield will be 4.3%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (86% earnings payout ratio) and cash flows (66% cash payout ratio). The dividend has increased by an average of 3.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Jul 22Second quarter 2026 earnings released: EPS: €0.32 (vs €0.29 in 2Q 2025)Second quarter 2026 results: EPS: €0.32 (up from €0.29 in 2Q 2025). Revenue: €3.38b (up 6.0% from 2Q 2025). Net income: €128.2m (up 9.5% from 2Q 2025). Profit margin: 3.8% (up from 3.7% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Upcoming Dividend • Jul 08Upcoming dividend of €0.22 per shareEligible shareholders must have bought the stock before 15 July 2026. Payment date: 23 July 2026. Payout ratio and cash payout ratio are on the higher end at 88% and 76% respectively. Trailing yield: 4.7%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.5%).お知らせ • Jun 17Kesko Oyj (HLSE:KESKOB) agreed to acquire Specialist distribution business in Sweden, Norway and Denmark of Compagnie de Saint-Gobain S.A. (ENXTPA:SGO) for an enterprise value of €1.5 billion.Kesko Oyj (HLSE:KESKOB) agreed to acquire Specialist distribution business in Sweden, Norway and Denmark of Compagnie de Saint-Gobain S.A. (ENXTPA:SGO) for an enterprise value of €1.5 billion on June 15, 2026. The plan is for the equity component of the financing to be implemented through a share issue estimated at approximately €500 million to €700 million and remaining with internal resources. Specialist distribution business in Sweden, Norway and Denmark generated combined revenue of almost €2.1 billion in 2025. The transaction is subject to subject to regulatory approval, antitrust regulations and the completion of the information and consultation procedure with the relevant employee representative bodies. The acquisition is estimated to be finalized by the beginning of 2027. Citigroup Global Markets Europe AG acted as financial advisor for Compagnie de Saint-Gobain S.A. Linklaters Et Paines acted as legal advisor for Compagnie de Saint-Gobain S.A.お知らせ • Jun 13Kesko Oyj, Annual General Meeting, Mar 23, 2027Kesko Oyj, Annual General Meeting, Mar 23, 2027.お知らせ • Jun 12+ 3 more updatesKesko Oyj to Report First Half, 2027 Results on Jul 22, 2027Kesko Oyj announced that they will report first half, 2027 results on Jul 22, 2027最新情報をもっと見るRecent updatesDeclared Dividend • Jul 24Dividend of €0.23 announcedShareholders will receive a dividend of €0.23. Ex-date: 14th October 2026 Payment date: 22nd October 2026 Dividend yield will be 4.3%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (86% earnings payout ratio) and cash flows (66% cash payout ratio). The dividend has increased by an average of 3.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Jul 22Second quarter 2026 earnings released: EPS: €0.32 (vs €0.29 in 2Q 2025)Second quarter 2026 results: EPS: €0.32 (up from €0.29 in 2Q 2025). Revenue: €3.38b (up 6.0% from 2Q 2025). Net income: €128.2m (up 9.5% from 2Q 2025). Profit margin: 3.8% (up from 3.7% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Upcoming Dividend • Jul 08Upcoming dividend of €0.22 per shareEligible shareholders must have bought the stock before 15 July 2026. Payment date: 23 July 2026. Payout ratio and cash payout ratio are on the higher end at 88% and 76% respectively. Trailing yield: 4.7%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.5%).お知らせ • Jun 17Kesko Oyj (HLSE:KESKOB) agreed to acquire Specialist distribution business in Sweden, Norway and Denmark of Compagnie de Saint-Gobain S.A. (ENXTPA:SGO) for an enterprise value of €1.5 billion.Kesko Oyj (HLSE:KESKOB) agreed to acquire Specialist distribution business in Sweden, Norway and Denmark of Compagnie de Saint-Gobain S.A. (ENXTPA:SGO) for an enterprise value of €1.5 billion on June 15, 2026. The plan is for the equity component of the financing to be implemented through a share issue estimated at approximately €500 million to €700 million and remaining with internal resources. Specialist distribution business in Sweden, Norway and Denmark generated combined revenue of almost €2.1 billion in 2025. The transaction is subject to subject to regulatory approval, antitrust regulations and the completion of the information and consultation procedure with the relevant employee representative bodies. The acquisition is estimated to be finalized by the beginning of 2027. Citigroup Global Markets Europe AG acted as financial advisor for Compagnie de Saint-Gobain S.A. Linklaters Et Paines acted as legal advisor for Compagnie de Saint-Gobain S.A.お知らせ • Jun 13Kesko Oyj, Annual General Meeting, Mar 23, 2027Kesko Oyj, Annual General Meeting, Mar 23, 2027.お知らせ • Jun 12+ 3 more updatesKesko Oyj to Report First Half, 2027 Results on Jul 22, 2027Kesko Oyj announced that they will report first half, 2027 results on Jul 22, 2027Declared Dividend • May 21First quarter dividend of €0.22 announcedDividend of €0.22 is the same as last year. Ex-date: 15th July 2026 Payment date: 23rd July 2026 Dividend yield will be 4.4%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (88% earnings payout ratio) and cash flows (76% cash payout ratio). The dividend has increased by an average of 3.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Board Change • May 21Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Tiina Alahuhta-Kasko was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • May 01Kesko Oyj Repeats Earnings Guidance for the Year 2026Kesko Oyj repeated earnings guidance for the year 2026. Kesko estimates that the comparable operating profit for 2026 will amount to EUR 650 million - EUR 750 million. Kesko estimate that the operating environment, net sales and profit will improve in all divisions and all operating countries in 2026.お知らせ • Mar 28Kesko Oyj Elects Mervi Airaksinen as Member of the Audit CommitteeKesko Oyj at its organisational meeting held after the 2026 Annual General Meeting, the Board elected Mervi Airaksinen as a member of the Audit Committee.お知らせ • Feb 09Kesko Oyj to Report Fiscal Year 2025 Final Results between Feb 09, 2026 and Feb 15, 2026Kesko Oyj announced that they will report fiscal year 2025 final results at 10:00 AM, USSR Zone1 on between Feb 09, 2026 and Feb 15, 2026お知らせ • Feb 06Kesko Oyj Proposes Dividend for the Year 2026, Payable on 8 April 2026, 23 July 2026, 22 October 2026 and 21 January 2027Kesko Oyj proposed a dividend of €0.90 per share, proposed to be paid in four instalments for the year 2026. The first instalment of €0.23 per share is to be paid to shareholders registered in the company's register of shareholders kept by Euroclear Finland Ltd. on the instalment's record date 30 March 2026. The Board proposes that the dividend instalment pay date be 8 April 2026. The second instalment of €0.22 per share is to be paid to shareholders registered in the company's register of shareholders kept by Euroclear Finland Ltd. on the instalment's record date 16 July 2026. The Board proposes that the dividend instalment pay date be 23 July 2026. The third instalment of €0.23 per share is to be paid to shareholders registered in the company's register of shareholders kept by Euroclear Finland Ltd. on the instalment's record date 15 October 2026. The Board proposes that the dividend instalment pay date be 22 October 2026. The fourth instalment of €0.22 per share is to be paid to shareholders registered in the company's register of shareholders kept by Euroclear Finland Ltd. on the instalment's record date 14 January 2027. The Board proposes that the dividend instalment pay date be 21 January 2027.お知らせ • Oct 30+ 1 more updateKesko Oyj Provides Earnings Guidance for the Year 2026Kesko Oyj provided earnings guidance for the year 2026. For the year, the company expects comparable operating profit is also estimated to improve in 2026 in all divisions and all operating countries.お知らせ • Oct 02Kesko Announces Management Changes, Effective 1 March 2026Minttu Sinisalo, M.Sc. (Econ.), 45, has been appointed as Executive Vice President, HR and a member of Kesko's Group Management Board as of 1 March 2026. Sinisalo comes to Kesko from Terveystalo, where she currently holds the position of Senior Vice President, HR. Before joining Terveystalo, Sinisalo held various HR leadership positions at Finnair. Kesko's current Executive Vice President of HR Matti Mettälä will retire, as per his agreement, on 1 March 2026. To ensure a smooth transfer of duties, Minttu Sinisalo will join Kesko on 1 January 2026.お知らせ • Sep 23Kesko Oyj Announces Composition of Shareholders' Nomination CommitteeKesko's Shareholders' Nomination Committee comprises three members: two are appointed by Kesko’s largest shareholders, and the third is the Chair of Kesko’s Board of Directors. The right of nomination of members representing the shareholders belongs to those two shareholders whose share of votes conferred by all shares in Kesko is the largest according to the register of shareholders maintained by Euroclear Finland Ltd. on 1 September preceding the Annual General Meeting. The two largest shareholders in Kesko on 1 September 2025 were K-Retailers' Association and Ilmarinen Mutual Pension Insurance Company, both of whom used their right of nomination. The members of Kesko’s Shareholders’ Nomination Committee are Pauli Jaakola, retailer, appointed by K-Retailers' Association Annika Ekman, EVP, Investments, appointed by Ilmarinen Mutual Pension Insurance Company, and Esa Kiiskinen, Chair of Kesko’s Board of Directors. At its organisational meeting on 23 September 2025, the Committee elected Pauli Jaakola as Committee Chair. The Committee, established by Kesko’s General Meeting of shareholders, prepares proposals related to the number, election and remuneration of Board members to the General Meeting.お知らせ • Aug 26+ 4 more updatesKesko Oyj, Annual General Meeting, Mar 26, 2026Kesko Oyj, Annual General Meeting, Mar 26, 2026.お知らせ • Jul 22Kesko Oyj Revises Earnings Guidance for the Year 2025Kesko Oyj revised earnings guidance for the year 2025. For the year company now expects comparable operating profit will amount to EUR 640 million - EUR 700 million. Kesko previously estimated that the comparable operating profit would amount to EUR 640 million - EUR 740 million.お知らせ • Mar 24+ 1 more updateKesko Corporation Announces Board and Committee ChangesThe Board of Directors of Kesko Corporation elected Esa Kiiskinen as its Chair and Timo Ritakallio as its Deputy Chair. The Board also elected members for its Audit Committee and Remuneration Committee. The Board elected Jannica Fagerholm as Chair, Timo Ritakallio as Deputy Chair, and Piia Karhu as a member of the Audit Committee, and Esa Kiiskinen as Chair, Timo Ritakallio as Deputy Chair, and Tiina Alahuhta-Kasko as a member of the Remuneration Committee. Based on the Board's independence evaluation, all Board members apart from Pauli Jaakola are independent of the company's significant shareholders. Jaakola is the Chair of Kesko's significant shareholder K-Retailers' Association. Of the Board members, Tiina Alahuhta-Kasko, Jannica Fagerholm, Piia Karhu and Timo Ritakallio are independent also of the company. Esa Kiiskinen, Pauli Jaakola and Jussi Perälä are not considered independent of the company, as they each control a company that has a chain agreement with Kesko.お知らせ • Feb 28Kesko Oyj to Report Fiscal Year 2024 Final Results on Feb 28, 2025Kesko Oyj announced that they will report fiscal year 2024 final results on Feb 28, 2025お知らせ • Feb 07Kesko Oyj Provides Earnings Guidance for the Year 2025Kesko Oyj provided earnings guidance for the year 2025. For the year, the company estimates that its comparable operating profit in 2025 will amount to €640 to €740 million. The profit guidance is based on an estimate of a gradually improving economic cycle in all Kesko operating countries.お知らせ • Feb 06Kesko Oyj to Report Fiscal Year 2024 Results on Feb 09, 2025Kesko Oyj announced that they will report fiscal year 2024 results on Feb 09, 2025お知らせ • Feb 05+ 1 more updateKesko Corporation Proposes Dividend for the Year 2024, Payable on 2 April 2025, 22 July 2025, 21 October 2025 and 20 January 2026 RespectivelyKesko Corporation announced that annual general meeting to be held on March 24, 2025, The Board proposed that a dividend of €0.90 per share be distributed for the year 2024 based on the adopted balance sheet on shares held outside the company at the date of dividend distribution. The remaining distributable assets will remain in equity. The Board proposes that the dividend be paid in four instalments as follows: The first instalment of €0.23 per share is to be paid to shareholders registered in the company's register of shareholders kept by Euroclear Finland Ltd. on the instalment's record date 26 March 2025. The Board proposed that the dividend instalment pay date be 2 April 2025. The second instalment of €0.22 per share is to be paid to shareholders registered in the company's register of shareholders kept by Euroclear Finland Ltd. on the instalment's record date 15 July 2025. The Board proposes that the dividend instalment pay date be 22 July 2025. The third instalment of €0.23 per share is to be paid to shareholders registered in the company's register of shareholders kept by Euroclear Finland Ltd. on the instalment's record date 14 October 2025. The Board proposed that the dividend instalment pay date be 21 October 2025. The fourth instalment of €0.22 per share is to be paid to shareholders registered in the company's register of shareholders kept by Euroclear Finland Ltd. on the instalment's record date 13 January 2026. The Board proposed that the dividend instalment pay date be 20 January 2026.Reported Earnings • Nov 01Third quarter 2024 earnings released: EPS: €0.35 (vs €0.37 in 3Q 2023)Third quarter 2024 results: EPS: €0.35 (down from €0.37 in 3Q 2023). Revenue: €3.03b (up 2.6% from 3Q 2023). Net income: €138.9m (down 6.7% from 3Q 2023). Profit margin: 4.6% (down from 5.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 12% per year.お知らせ • Oct 30+ 1 more updateKesko Oyj Revises Earnings Guidance for the Year 2024Kesko Oyj revised earnings guidance for the year 2024. For the year, the company expects comparable operating profit in 2024 will amount to €630 million -€680 million. Previously, the comparable operating profit was estimated to amount to €620 million -€680 million.Upcoming Dividend • Oct 07Upcoming dividend of €0.26 per shareEligible shareholders must have bought the stock before 14 October 2024. Payment date: 22 October 2024. Payout ratio is on the higher end at 95%, however this is supported by cash flows. Trailing yield: 5.4%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.9%).Reported Earnings • Jul 24Second quarter 2024 earnings released: EPS: €0.26 (vs €0.38 in 2Q 2023)Second quarter 2024 results: EPS: €0.26 (down from €0.38 in 2Q 2023). Revenue: €3.09b (flat on 2Q 2023). Net income: €105.0m (down 30% from 2Q 2023). Profit margin: 3.4% (down from 4.8% in 2Q 2023). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings.お知らせ • Jul 24Kesko Oyj, Annual General Meeting, Mar 24, 2025Kesko Oyj, Annual General Meeting, Mar 24, 2025.お知らせ • Jul 23+ 4 more updatesKesko Oyj Revises Earnings Guidance for the Year 2024Kesko Oyj revised earnings guidance for the year 2024. For the year, the company expected net sales and operating profit are estimated to remain at a good level in 2024 despite the challenges in the company's operating environment. Kesko estimates that its comparable operating profit in 2024 will amount to EUR 620 million - EUR 680 million. Previously, the comparable operating profit was estimated to amount to EUR 620 million - EUR 700 million.Upcoming Dividend • Jul 08Upcoming dividend of €0.25 per shareEligible shareholders must have bought the stock before 15 July 2024. Payment date: 23 July 2024. Payout ratio and cash payout ratio are on the higher end at 86% and 86% respectively. Trailing yield: 6.1%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (4.2%).お知らせ • Jun 08Kesko Oyj Announces Nomination Committee AppointmentsK-Retailers' Association has announced that Pauli Jaakola shall act as a new member of Kesko's Shareholders' Nomination Committee. At its organisational meeting on 6 June 2024, the Committee elected Pauli Jaakola as Committee Chair. The members of Kesko's Shareholders' Nomination Committee are: Pauli Jaakola, retailer, appointed by K-Retailers' Association, Jouko Pölönen, President and CEO, appointed by Ilmarinen Mutual Pension Insurance Company, and Esa Kiiskinen, Chair of Kesko's Board of Directors.お知らせ • Jun 05Kesko Corporation Appoints Johanna Ali as President of Kesko's Car Trade Division and a Member of Group Management BoardKesko Corporation announced that Johanna Ali, M.Sc. (Economics and Business), 46, has been appointed as President of Kesko's car trade division and a member of Group Management Board as of 4 June 2024. She has been the acting division President since 1 April 2024. Prior to that, Ali held the position of Vice President of Audi Finland within Kesko's car trade division. Before joining Kesko, Ali acted, for example, as Country Director for Forenom and Commercial Director for Lease Plan Finland.お知らせ • May 15+ 1 more updateKesko Corporation Announces Executive ChangesKesko Corporation announced that Anu Hämäläinen (58), M.Sc. Econ., has been appointed as Kesko's member of Group Management Board as of 1 June 2024. Lasse Luukkainen (46), Master of Laws, has been appointed as Executive Vice President, Legal and Sustainability, and a member of Group Management Board as of 1 June 2024. Luukkainen currently holds the position of Group General Counsel at Kesko. He has held various legal positions in the company since 2010, having worked at Castrén & Snellman Attorneys prior to that. Riikka Joukio, Kesko's Executive Vice President, Sustainability and Public Affairs, and a member of Group Management Board since April 2021, has announced that she will be leaving the company.Board Change • May 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Director Pauli Jaakola was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • Apr 27Kesko Corporation Revises Earnings Guidance for the Fiscal Year 2024Kesko Corporation revised earnings guidance for the fiscal year 2024. for the year, the company's net sales and operating profit are estimated to remain at a good level in 2024 despite the challenges in the company's operating environment. Kesko estimates that its comparable operating profit in 2024 will amount to EUR 620 million-EUR 700 million. Previously, the comparable operating profit was estimated to amount to EUR 620 million-EUR 720 million. The operating profit guidance adjustment is related to the weaker-than-anticipated outlook for construction in 2024.Reported Earnings • Apr 26First quarter 2024 earnings released: EPS: €0.15 (vs €0.21 in 1Q 2023)First quarter 2024 results: EPS: €0.15 (down from €0.21 in 1Q 2023). Revenue: €2.76b (down 2.4% from 1Q 2023). Net income: €60.4m (down 28% from 1Q 2023). Profit margin: 2.2% (down from 3.0% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings.お知らせ • Mar 27Kesko Oyj Appoints Pauli Jaakola as Member of the BoardKesko Oyj appointed Pauli Jaakola, EMBA, as a new member of the Board. The term of office for the Board members is one year, as determined in Kesko's Articles of Association.お知らせ • Mar 26Kesko Corporation Approves Dividend for the Year 2023, Payable on 9 April 2024, 23 July 2024, 22 October 2024 and 21 January 2025 RespectivelyKesko Corporation announced that at the Annual General Meeting held on March 26, 2024 resolved to distribute, based on the adopted balance sheet for 2023, a dividend of €1.02 per share on shares held outside the company at the date of dividend distribution. The remaining distributable assets will remain in equity. The dividend will be paid in four instalments as follows: The first instalment of €0.26 per share: record date 28 March 2024, pay date 9 April 2024, The second instalment of €0.25 per share: record date 16 July 2024, pay date 23 July 2024, The third instalment of €0.26 per share: record date 15 October 2024, pay date 22 October 2024 and The fourth instalment of €0.25 per share: record date 14 January 2025, pay date 21 January 2025.お知らせ • Mar 20Kesko Announces Executive and Board AppointmentsSami Kiiski appointed as President of Kesko's building and technical trade division and a member of Group Management Board, and Johanna Ali appointed as acting President of the car trade division and a member of Group Management Board. Sami Kiiski, M. Sc. (Economics and Business), 48, has been appointed as the new President of Kesko's building and technical trade division and a member of Group Management Board as of 1 April 2024. The previous division President Jorma Rauhala assumed the position of Kesko's President and CEO on 1 February 2024. Sami Kiiski is currently President of Kesko's car trade division. Prior to that, Kiiski was the Senior Vice President in charge of Kesko's leisure trade. Before joining Kesko, Kiiski worked, among other things, as CEO of Halti Oy. He is also a member of the Board of Management of Intersport International Corporation. With Sami Kiiski's swift transition into a new role, Johanna Ali, M.Sc. (Economics and Business), 46, is appointed as acting President of Kesko's car trade division and a member of Group Management Board. Ali currently holds the position of Vice President of Audi Finland within the car trade division. Before joining Kesko, Ali worked, for example, as Country Director for Forenom and Commercial Director for Lease Plan Finland. Kesko has initiated the recruitment process for a new car trade division President.Upcoming Dividend • Mar 20Upcoming dividend of €0.26 per shareEligible shareholders must have bought the stock before 27 March 2024. Payment date: 08 April 2024. Payout ratio and cash payout ratio are on the higher end at 82% and 84% respectively. Trailing yield: 5.9%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (4.2%).Reported Earnings • Mar 05Full year 2023 earnings released: EPS: €1.25 (vs €1.54 in FY 2022)Full year 2023 results: EPS: €1.25 (down from €1.54 in FY 2022). Revenue: €11.8b (flat on FY 2022). Net income: €495.6m (down 19% from FY 2022). Profit margin: 4.2% (down from 5.2% in FY 2022). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Feb 23Now 20% undervaluedOver the last 90 days, the stock has risen 4.0% to €17.83. The fair value is estimated to be €22.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.0% over the last 3 years. Earnings per share has grown by 3.9%. For the next 3 years, revenue is forecast to grow by 2.8% per annum. Earnings are also forecast to grow by 3.3% per annum over the same time period.Recent Insider Transactions • Feb 21Key Executive recently sold €797k worth of stockOn the 16th of February, Jukka Erlund sold around 45k shares on-market at roughly €17.70 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Jukka's only on-market trade for the last 12 months.お知らせ • Feb 14Jukka Erlund Leaves Kesko Corporation as Chief Financial Officer, Effective by August 2024Kesko Corporation announced Jukka Erlund that he will be leaving Kesko and joining Fazer Group as Chief Financial Officer. Erlund has been Kesko's CFO and a member of the Group Management Board since November 2011. Erlund will be leaving his current position by August 2024. Kesko has begun the process of finding a successor for Erlund. In addition to finance and treasury operations, Erlund has been in charge of e.g. Kesko Group's IT, M&A and investor relations operations.Buy Or Sell Opportunity • Feb 08Now 20% undervaluedOver the last 90 days, the stock has risen 7.5% to €17.66. The fair value is estimated to be €22.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.0% over the last 3 years. Earnings per share has grown by 3.9%. For the next 3 years, revenue is forecast to grow by 2.8% per annum. Earnings are also forecast to grow by 3.3% per annum over the same time period.Declared Dividend • Feb 01Fourth quarter dividend of €0.26 announcedShareholders will receive a dividend of €0.26. Ex-date: 27th March 2024 Payment date: 8th April 2024 Dividend yield will be 5.7%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is covered by both earnings (82% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 10% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Jan 31Full year 2023 earnings released: EPS: €1.25 (vs €1.54 in FY 2022)Full year 2023 results: EPS: €1.25 (down from €1.54 in FY 2022). Revenue: €11.8b (flat on FY 2022). Net income: €495.6m (down 19% from FY 2022). Profit margin: 4.2% (down from 5.2% in FY 2022). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.お知らせ • Jan 30+ 1 more updateKesko Oyj Proposes Dividend for the Year 2023, Payable on 9 April 2024, 23 July 2024, 22 October 2024, 21 January 2025The Board of Directors of Kesko Corporation proposed to the Annual General Meeting to be held on 26 March 2024 that a dividend of EUR 1.02 per share be paid for the year 2023 based on the adopted balance sheet on shares held outside the company at the date of dividend distribution. The remaining distributable assets will remain in equity. The Board proposes that the dividend be paid in four instalments. The first instalment of EUR 0.26 per share is to be paid to shareholders registered in the company's register of shareholders kept by Euroclear Finland Ltd. on the instalment's record date 28 March 2024. The Board proposes that the dividend instalment pay date be 9 April 2024. The second instalment of EUR 0.25 per share is to be paid to shareholders registered in the company's register of shareholders kept by Euroclear Finland Ltd. on the instalment's record date 16 July 2024. The Board proposes that the dividend instalment pay date be 23 July 2024. The third instalment of EUR 0.26 per share is to be paid to shareholders registered in the company's register of shareholders kept by Euroclear Finland Ltd. on the instalment's record date 15 October 2024. The Board proposes that the dividend instalment pay date be 22 October 2024. The fourth instalment of EUR 0.25 per share is to be paid to shareholders registered in the company's register of shareholders kept by Euroclear Finland Ltd. on the instalment's record date 14 January 2025. The Board proposes that the dividend instalment pay date be 21 January 2025. The Board proposes it be authorised to decide, if necessary, on new dividend payment record dates and pay dates for the second, third and/or fourth instalments, if the rules and statutes of the Finnish book-entry system change or otherwise so require. As at the date of the proposal for the distribution of profit, 29 January 2024, a total of 397,769,511 shares were held outside the company, and the corresponding total amount of dividends is EUR 405,724,901.22. The distributable assets of Kesko Corporation total EUR 1,584,703,413.17, of which profit for the financial year is EUR 509,617,838.22.New Risk • Jan 25New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.3% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (98% cash payout ratio).Buying Opportunity • Jan 18Now 21% undervaluedOver the last 90 days, the stock is up 12%. The fair value is estimated to be €21.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Earnings per share has grown by 9.0%. For the next 3 years, revenue is forecast to grow by 2.1% per annum. Earnings is also forecast to grow by 0.8% per annum over the same time period.お知らせ • Dec 20+ 1 more updateKesko Oyj Appoints Jorma Rauhala as CEO as of 1 February 2024The Board of Directors of Kesko Corporation has appointed Jorma Rauhala as the Managing Director of Kesko Corporation and President and CEO of Kesko Group as of 1 February 2024 as Mikko Helander retires. Rauhala is currently the President of Kesko's building and technical trade division and Deputy CEO. Jorma Rauhala (born 1965, Master of Science, Econ.) has worked at Kesko Corporation since 1992. He has been the President of the building and technical trade division since November 2017. Prior to that, Rauhala acted as President of Kesko's grocery trade division, and as President of Kesko Food. Rauhala has also acted as Managing Director of Kespro. Jorma Rauhala has been a member of Kesko Corporation's Group Management Board since 2013. As previously communicated in a stock exchange release issued by Kesko on 8 December 2023, the current President and CEO Mikko Helander has stated he will retire during 2024.お知らせ • Dec 08Kesko Corporation Announces Retirement of Mikko Helander as CEOKesko's President and CEO Mikko Helander has announced to Kesko's Board of Directors his intention to take the opportunity to retire from his position during 2024. The Board of Directors has initiated the process of finding a successor for Helander. Helander has acted as the President and CEO of Kesko since 2015. He joined the company on 1 October 2014 as Deputy CEO and member of Group Management Board. The managing director contract of the President and CEO was revised in 2021 so that Helander was to continue to act as President and CEO for the time being. Helander was born in 1960 and will turn 64 next year.Upcoming Dividend • Dec 04Upcoming dividend of €0.27 per share at 6.1% yieldEligible shareholders must have bought the stock before 11 December 2023. Payment date: 19 December 2023. Payout ratio and cash payout ratio are on the higher end at 82% and 97% respectively. Trailing yield: 6.1%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (4.2%).Buying Opportunity • Nov 11Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 7.8%. The fair value is estimated to be €20.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Earnings per share has grown by 9.0%. For the next 3 years, revenue is forecast to grow by 2.3% per annum. Earnings is also forecast to grow by 0.9% per annum over the same time period.お知らせ • Oct 29Kesko Oyj Revises Earnings Guidance for the Year 2023Kesko Oyj revised earnings guidance for the year 2023. The company's profit guidance is given for the year 2023, in comparison with the year 2022. The company estimates that its comparable operating profit in 2023 will be in the range of €680 million to €730 million. Before, the company estimated that the comparable operating profit would be in the range of €680 million to €760 million.Reported Earnings • Oct 27Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: €2.95b (down 2.0% from 3Q 2022). Net income: €148.8m (down 20% from 3Q 2022). Profit margin: 5.0% (down from 6.2% in 3Q 2022). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.New Risk • Oct 26New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (108% cash payout ratio).New Risk • Oct 16New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (108% cash payout ratio).お知らせ • Sep 21Kesko Announces Board ChangesKesko's Annual General Meeting 2020 resolved to establish a Shareholders' Nomination Committee. The Committee will prepare proposals related to the number, election and remuneration of Board members to Kesko's General Meeting of shareholders. The Nomination Committee has three members: two appointed by Kesko's biggest shareholders and one who is the Chairman of Kesko's Board of Directors. The members of Kesko's Shareholders' Nomination Committee are Toni Pokela, retailer, appointed by K-Retailers' Association, Jouko Pölönen, President and CEO, appointed by Ilmarinen Mutual Pension Insurance Company, and Esa Kiiskinen, Chairman of Kesko's Board of Directors. The Committee elected Toni Pokela as Committee Chairman at its organisational meeting on 20 September 2023.Upcoming Dividend • Sep 04Upcoming dividend of €0.27 per share at 5.9% yieldEligible shareholders must have bought the stock before 11 September 2023. Payment date: 19 September 2023. Payout ratio is on the higher end at 77%, and the cash payout ratio is above 100%. Trailing yield: 5.9%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (4.3%).お知らせ • Aug 25Kesko Oyj agreed to acquire a 90% stake in Davidsen Koncernen A/S from Davidsen family for €170 million.Kesko Oyj agreed to acquire a 90% stake in Davidsen Koncernen A/S from Davidsen family for €170 million on August 23, 2023. The completion of the acquisition is subject to EU Commission’s merger approval and fulfilment of certain other conditions. Kesko finances the acquisition with a customary bank loan. For the year 2022, the Davidsen Koncernen's had net sales of approximately €560 million with an EBITDA of €27 million and an EBIT €23 million. The transaction is expected to be completed in the first quarter of 2024 at the latest. Carsten Heinild and Jon Kaznelson of SEB Corporate Finance acted as legal advisors to Kesko Oyj.お知らせ • Aug 18Kesko Oyj to Report Fiscal Year 2023 Results on Jan 30, 2024Kesko Oyj announced that they will report fiscal year 2023 results at 9:00 AM, E. Europe Standard Time on Jan 30, 2024お知らせ • Aug 16+ 3 more updatesKesko Oyj to Report Nine Months, 2024 Results on Oct 30, 2024Kesko Oyj announced that they will report nine months, 2024 results on Oct 30, 2024Reported Earnings • Jul 28Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €3.10b (flat on 2Q 2022). Net income: €150.1m (down 16% from 2Q 2022). Profit margin: 4.8% (down from 5.8% in 2Q 2022). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.New Risk • Jul 24New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.9% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (104% cash payout ratio).Upcoming Dividend • Jun 13Upcoming dividend of €0.27 per share at 5.7% yieldEligible shareholders must have bought the stock before 20 June 2023. Payment date: 28 June 2023. Payout ratio is a comfortable 73% but the company is paying out more than the cash it is generating. Trailing yield: 5.7%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.5%).Upcoming Dividend • Mar 24Upcoming dividend of €0.27 per share at 5.6% yieldEligible shareholders must have bought the stock before 31 March 2023. Payment date: 12 April 2023. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 5.6%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.9%).Reported Earnings • Mar 08Full year 2022 earnings releasedFull year 2022 results: Revenue: €11.8b (up 4.5% from FY 2021). Net income: €609.9m (up 6.7% from FY 2021). Profit margin: 5.2% (up from 5.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Consumer Retailing industry in Europe.Reported Earnings • Feb 03Full year 2022 earnings released: EPS: €1.54 (vs €1.44 in FY 2021)Full year 2022 results: EPS: €1.54 (up from €1.44 in FY 2021). Revenue: €11.8b (up 4.5% from FY 2021). Net income: €609.9m (up 6.7% from FY 2021). Profit margin: 5.2% (up from 5.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 02+ 1 more updateKesko Corporation Proposes Dividend for the Year 2022. Payable on 12 April 2023, 28 June 2023, 19 September 2023 and 19 December 2023 RespectivelyThe Board of Directors of Kesko Corporation proposed to the Annual General Meeting to be held on 30 March 2023 that a dividend of EUR 1.08 per share be paid for the year 2022 based on the adopted balance sheet on shares held outside the company at the date of dividend distribution. The remaining distributable assets will remain in equity. The Board proposed that the dividend be paid in four instalments. The first instalment of EUR 0.27 per share is to be paid to shareholders registered in the company's register of shareholders kept by Euroclear Finland Ltd. on the instalment's record date 3 April 2023. The Board proposed that the dividend instalment pay date be 12 April 2023. The second instalment of EUR 0.27 per share is to be paid to shareholders registered in the company's register of shareholders kept by Euroclear Finland Ltd. on the instalment's record date 21 June 2023. The Board proposed that the dividend instalment pay date be 28 June 2023. The third instalment of EUR 0.27 per share is to be paid to shareholders registered in the company's register of shareholders kept by Euroclear Finland Ltd. on the instalment's record date 12 September 2023. The Board proposed that the dividend instalment pay date be 19 September 2023. The fourth instalment of EUR 0.27 per share is to be paid to shareholders registered in the company's register of shareholders kept by Euroclear Finland Ltd. on the instalment's record date 12 December 2023. The Board proposed that the dividend instalment pay date be 19 December 2023.Upcoming Dividend • Dec 05Upcoming dividend of €0.26 per shareEligible shareholders must have bought the stock before 12 December 2022. Payment date: 20 December 2022. Payout ratio is a comfortable 67% and the cash payout ratio is 84%. Trailing yield: 5.0%. Within top quartile of German dividend payers (4.8%). In line with average of industry peers (4.7%).Reported Earnings • Oct 28Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: €3.01b (up 3.7% from 3Q 2021). Net income: €185.6m (up 9.0% from 3Q 2021). Profit margin: 6.2% (up from 5.9% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 5.5% growth forecast for the Consumer Retailing industry in Europe.お知らせ • Oct 27+ 1 more updateKesko Oyj Revises Earnings Guidance for the Year 2022Kesko Oyj revised earnings guidance for the year 2022. The company estimates that its comparable operating profit in 2022 will be in the range of EUR 790 million - EUR 840 million. Before, the company estimated that the comparable operating profit would be in the range of EUR 750 million - EUR 840 million.お知らせ • Oct 05Kesko Oyj (HLSE:KESKOB) acquired Xl-Bygg Bergslagen Ab.Kesko Oyj (HLSE:KESKOB) announced to acquire Xl-Bygg Bergslagen Ab on July 6, 2022. XL-BYGG Bergslagen´s net sales in 2021 totaled approximately €9.8 million and it has approximately 18 employees. XL-Bygg Bergslagen will become part of Kesko Sweden's building materials chain K-Bygg. The transaction is expected to be completed during October 2022. Kesko Oyj (HLSE:KESKOB) completed the acquisition of Xl-Bygg Bergslagen Ab on October 4, 2022.お知らせ • Sep 19+ 1 more updateKesko Oyj to Report Q3, 2023 Results on Oct 26, 2023Kesko Oyj announced that they will report Q3, 2023 results on Oct 26, 2023株主還元KEKDE Consumer RetailingDE 市場7D-0.6%0.5%2.2%1Y11.6%-18.7%3.5%株主還元を見る業界別リターン: KEK過去 1 年間で-18.7 % の収益を上げたGerman Consumer Retailing業界を上回りました。リターン対市場: KEK過去 1 年間で3.5 % の収益を上げたGerman市場を上回りました。価格変動Is KEK's price volatile compared to industry and market?KEK volatilityKEK Average Weekly Movement3.6%Consumer Retailing Industry Average Movement5.3%Market Average Movement5.3%10% most volatile stocks in DE Market12.8%10% least volatile stocks in DE Market2.7%安定した株価: KEK 、 German市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: KEKの 週次ボラティリティ ( 4% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト194019,938Jorma Rauhalawww.kesko.fiKesko Oyj はフィンランド、スウェーデン、ノルウェー、エストニア、ラトビア、リトアニア、デンマーク、ポーランドでチェーン事業を展開している。同社は、食料品、建築・技術、自動車販売部門を通じて事業を展開している。食料品取引部門は、食料品の卸売とB2B取引、K-retailerブランドでの家庭用品と専門用品の小売に携わり、食品サービスプロバイダーと卸売業者として、またK-Citymarket、K-Supermarket、K-Marketの店舗小売チェーンとして営業している。建築・技術貿易部門は、建築・住宅設備、HEPACおよび電気製品・サービスの卸売、小売、B2B取引を行い、K-Rauta、K-Bygg、Byggmakker、Davidsen、Onninenのブランド名で小売店チェーンを展開している。自動車貿易部門は、フォルクスワーゲン、アウディ、シート、クプラ、ベントレー、ポルシェの乗用車およびフォルクスワーゲンの商用車の輸入、販売、小売、中古車の購入および小売、個人および法人顧客向けのリース事業の運営、修理およびメンテナンス、スペアパーツおよびアクセサリーの販売を含むその他のサービス、K- Latausの名称による電気自動車用充電ネットワーク、Intersportおよびbudget sportチェーンからなるスポーツ貿易に携わっている。Kesko Oyjは1940年に設立され、本社はフィンランドのヘルシンキにある。もっと見るKesko Oyj 基礎のまとめKesko Oyj の収益と売上を時価総額と比較するとどうか。KEK 基礎統計学時価総額€8.51b収益（TTM）€418.20m売上高(TTM)€12.87b20.4xPER（株価収益率0.7xP/SレシオKEK は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計KEK 損益計算書（TTM）収益€12.87b売上原価€10.99b売上総利益€1.87bその他の費用€1.45b収益€418.20m直近の収益報告Jun 30, 2026次回決算日Oct 29, 2026一株当たり利益（EPS）1.05グロス・マージン14.56%純利益率3.25%有利子負債／自己資本比率66.3%KEK の長期的なパフォーマンスは？過去の実績と比較を見る配当金4.2%現在の配当利回り86%配当性向KEK 配当は確実ですか？KEK 配当履歴とベンチマークを見るKEK 、いつまでに購入すれば配当金を受け取れますか？Kesko Oyj 配当日配当落ち日Oct 14 2026配当支払日Oct 22 2026配当落ちまでの日数65 days配当支払日までの日数73 daysKEK 配当は確実ですか？KEK 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/08/09 12:34終値2026/08/07 00:00収益2026/06/30年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Kesko Oyj 6 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。12 アナリスト機関null nullABG Sundal CollierRobert JoyceBNP ParibasLars TopholmCarnegie Investment Bank AB9 その他のアナリストを表示
Declared Dividend • Jul 24Dividend of €0.23 announcedShareholders will receive a dividend of €0.23. Ex-date: 14th October 2026 Payment date: 22nd October 2026 Dividend yield will be 4.3%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (86% earnings payout ratio) and cash flows (66% cash payout ratio). The dividend has increased by an average of 3.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Jul 22Second quarter 2026 earnings released: EPS: €0.32 (vs €0.29 in 2Q 2025)Second quarter 2026 results: EPS: €0.32 (up from €0.29 in 2Q 2025). Revenue: €3.38b (up 6.0% from 2Q 2025). Net income: €128.2m (up 9.5% from 2Q 2025). Profit margin: 3.8% (up from 3.7% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Upcoming Dividend • Jul 08Upcoming dividend of €0.22 per shareEligible shareholders must have bought the stock before 15 July 2026. Payment date: 23 July 2026. Payout ratio and cash payout ratio are on the higher end at 88% and 76% respectively. Trailing yield: 4.7%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.5%).
お知らせ • Jun 17Kesko Oyj (HLSE:KESKOB) agreed to acquire Specialist distribution business in Sweden, Norway and Denmark of Compagnie de Saint-Gobain S.A. (ENXTPA:SGO) for an enterprise value of €1.5 billion.Kesko Oyj (HLSE:KESKOB) agreed to acquire Specialist distribution business in Sweden, Norway and Denmark of Compagnie de Saint-Gobain S.A. (ENXTPA:SGO) for an enterprise value of €1.5 billion on June 15, 2026. The plan is for the equity component of the financing to be implemented through a share issue estimated at approximately €500 million to €700 million and remaining with internal resources. Specialist distribution business in Sweden, Norway and Denmark generated combined revenue of almost €2.1 billion in 2025. The transaction is subject to subject to regulatory approval, antitrust regulations and the completion of the information and consultation procedure with the relevant employee representative bodies. The acquisition is estimated to be finalized by the beginning of 2027. Citigroup Global Markets Europe AG acted as financial advisor for Compagnie de Saint-Gobain S.A. Linklaters Et Paines acted as legal advisor for Compagnie de Saint-Gobain S.A.
お知らせ • Jun 13Kesko Oyj, Annual General Meeting, Mar 23, 2027Kesko Oyj, Annual General Meeting, Mar 23, 2027.
お知らせ • Jun 12+ 3 more updatesKesko Oyj to Report First Half, 2027 Results on Jul 22, 2027Kesko Oyj announced that they will report first half, 2027 results on Jul 22, 2027
Declared Dividend • Jul 24Dividend of €0.23 announcedShareholders will receive a dividend of €0.23. Ex-date: 14th October 2026 Payment date: 22nd October 2026 Dividend yield will be 4.3%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (86% earnings payout ratio) and cash flows (66% cash payout ratio). The dividend has increased by an average of 3.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Jul 22Second quarter 2026 earnings released: EPS: €0.32 (vs €0.29 in 2Q 2025)Second quarter 2026 results: EPS: €0.32 (up from €0.29 in 2Q 2025). Revenue: €3.38b (up 6.0% from 2Q 2025). Net income: €128.2m (up 9.5% from 2Q 2025). Profit margin: 3.8% (up from 3.7% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Upcoming Dividend • Jul 08Upcoming dividend of €0.22 per shareEligible shareholders must have bought the stock before 15 July 2026. Payment date: 23 July 2026. Payout ratio and cash payout ratio are on the higher end at 88% and 76% respectively. Trailing yield: 4.7%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.5%).
お知らせ • Jun 17Kesko Oyj (HLSE:KESKOB) agreed to acquire Specialist distribution business in Sweden, Norway and Denmark of Compagnie de Saint-Gobain S.A. (ENXTPA:SGO) for an enterprise value of €1.5 billion.Kesko Oyj (HLSE:KESKOB) agreed to acquire Specialist distribution business in Sweden, Norway and Denmark of Compagnie de Saint-Gobain S.A. (ENXTPA:SGO) for an enterprise value of €1.5 billion on June 15, 2026. The plan is for the equity component of the financing to be implemented through a share issue estimated at approximately €500 million to €700 million and remaining with internal resources. Specialist distribution business in Sweden, Norway and Denmark generated combined revenue of almost €2.1 billion in 2025. The transaction is subject to subject to regulatory approval, antitrust regulations and the completion of the information and consultation procedure with the relevant employee representative bodies. The acquisition is estimated to be finalized by the beginning of 2027. Citigroup Global Markets Europe AG acted as financial advisor for Compagnie de Saint-Gobain S.A. Linklaters Et Paines acted as legal advisor for Compagnie de Saint-Gobain S.A.
お知らせ • Jun 13Kesko Oyj, Annual General Meeting, Mar 23, 2027Kesko Oyj, Annual General Meeting, Mar 23, 2027.
お知らせ • Jun 12+ 3 more updatesKesko Oyj to Report First Half, 2027 Results on Jul 22, 2027Kesko Oyj announced that they will report first half, 2027 results on Jul 22, 2027
Declared Dividend • May 21First quarter dividend of €0.22 announcedDividend of €0.22 is the same as last year. Ex-date: 15th July 2026 Payment date: 23rd July 2026 Dividend yield will be 4.4%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (88% earnings payout ratio) and cash flows (76% cash payout ratio). The dividend has increased by an average of 3.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Board Change • May 21Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Tiina Alahuhta-Kasko was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • May 01Kesko Oyj Repeats Earnings Guidance for the Year 2026Kesko Oyj repeated earnings guidance for the year 2026. Kesko estimates that the comparable operating profit for 2026 will amount to EUR 650 million - EUR 750 million. Kesko estimate that the operating environment, net sales and profit will improve in all divisions and all operating countries in 2026.
お知らせ • Mar 28Kesko Oyj Elects Mervi Airaksinen as Member of the Audit CommitteeKesko Oyj at its organisational meeting held after the 2026 Annual General Meeting, the Board elected Mervi Airaksinen as a member of the Audit Committee.
お知らせ • Feb 09Kesko Oyj to Report Fiscal Year 2025 Final Results between Feb 09, 2026 and Feb 15, 2026Kesko Oyj announced that they will report fiscal year 2025 final results at 10:00 AM, USSR Zone1 on between Feb 09, 2026 and Feb 15, 2026
お知らせ • Feb 06Kesko Oyj Proposes Dividend for the Year 2026, Payable on 8 April 2026, 23 July 2026, 22 October 2026 and 21 January 2027Kesko Oyj proposed a dividend of €0.90 per share, proposed to be paid in four instalments for the year 2026. The first instalment of €0.23 per share is to be paid to shareholders registered in the company's register of shareholders kept by Euroclear Finland Ltd. on the instalment's record date 30 March 2026. The Board proposes that the dividend instalment pay date be 8 April 2026. The second instalment of €0.22 per share is to be paid to shareholders registered in the company's register of shareholders kept by Euroclear Finland Ltd. on the instalment's record date 16 July 2026. The Board proposes that the dividend instalment pay date be 23 July 2026. The third instalment of €0.23 per share is to be paid to shareholders registered in the company's register of shareholders kept by Euroclear Finland Ltd. on the instalment's record date 15 October 2026. The Board proposes that the dividend instalment pay date be 22 October 2026. The fourth instalment of €0.22 per share is to be paid to shareholders registered in the company's register of shareholders kept by Euroclear Finland Ltd. on the instalment's record date 14 January 2027. The Board proposes that the dividend instalment pay date be 21 January 2027.
お知らせ • Oct 30+ 1 more updateKesko Oyj Provides Earnings Guidance for the Year 2026Kesko Oyj provided earnings guidance for the year 2026. For the year, the company expects comparable operating profit is also estimated to improve in 2026 in all divisions and all operating countries.
お知らせ • Oct 02Kesko Announces Management Changes, Effective 1 March 2026Minttu Sinisalo, M.Sc. (Econ.), 45, has been appointed as Executive Vice President, HR and a member of Kesko's Group Management Board as of 1 March 2026. Sinisalo comes to Kesko from Terveystalo, where she currently holds the position of Senior Vice President, HR. Before joining Terveystalo, Sinisalo held various HR leadership positions at Finnair. Kesko's current Executive Vice President of HR Matti Mettälä will retire, as per his agreement, on 1 March 2026. To ensure a smooth transfer of duties, Minttu Sinisalo will join Kesko on 1 January 2026.
お知らせ • Sep 23Kesko Oyj Announces Composition of Shareholders' Nomination CommitteeKesko's Shareholders' Nomination Committee comprises three members: two are appointed by Kesko’s largest shareholders, and the third is the Chair of Kesko’s Board of Directors. The right of nomination of members representing the shareholders belongs to those two shareholders whose share of votes conferred by all shares in Kesko is the largest according to the register of shareholders maintained by Euroclear Finland Ltd. on 1 September preceding the Annual General Meeting. The two largest shareholders in Kesko on 1 September 2025 were K-Retailers' Association and Ilmarinen Mutual Pension Insurance Company, both of whom used their right of nomination. The members of Kesko’s Shareholders’ Nomination Committee are Pauli Jaakola, retailer, appointed by K-Retailers' Association Annika Ekman, EVP, Investments, appointed by Ilmarinen Mutual Pension Insurance Company, and Esa Kiiskinen, Chair of Kesko’s Board of Directors. At its organisational meeting on 23 September 2025, the Committee elected Pauli Jaakola as Committee Chair. The Committee, established by Kesko’s General Meeting of shareholders, prepares proposals related to the number, election and remuneration of Board members to the General Meeting.
お知らせ • Aug 26+ 4 more updatesKesko Oyj, Annual General Meeting, Mar 26, 2026Kesko Oyj, Annual General Meeting, Mar 26, 2026.
お知らせ • Jul 22Kesko Oyj Revises Earnings Guidance for the Year 2025Kesko Oyj revised earnings guidance for the year 2025. For the year company now expects comparable operating profit will amount to EUR 640 million - EUR 700 million. Kesko previously estimated that the comparable operating profit would amount to EUR 640 million - EUR 740 million.
お知らせ • Mar 24+ 1 more updateKesko Corporation Announces Board and Committee ChangesThe Board of Directors of Kesko Corporation elected Esa Kiiskinen as its Chair and Timo Ritakallio as its Deputy Chair. The Board also elected members for its Audit Committee and Remuneration Committee. The Board elected Jannica Fagerholm as Chair, Timo Ritakallio as Deputy Chair, and Piia Karhu as a member of the Audit Committee, and Esa Kiiskinen as Chair, Timo Ritakallio as Deputy Chair, and Tiina Alahuhta-Kasko as a member of the Remuneration Committee. Based on the Board's independence evaluation, all Board members apart from Pauli Jaakola are independent of the company's significant shareholders. Jaakola is the Chair of Kesko's significant shareholder K-Retailers' Association. Of the Board members, Tiina Alahuhta-Kasko, Jannica Fagerholm, Piia Karhu and Timo Ritakallio are independent also of the company. Esa Kiiskinen, Pauli Jaakola and Jussi Perälä are not considered independent of the company, as they each control a company that has a chain agreement with Kesko.
お知らせ • Feb 28Kesko Oyj to Report Fiscal Year 2024 Final Results on Feb 28, 2025Kesko Oyj announced that they will report fiscal year 2024 final results on Feb 28, 2025
お知らせ • Feb 07Kesko Oyj Provides Earnings Guidance for the Year 2025Kesko Oyj provided earnings guidance for the year 2025. For the year, the company estimates that its comparable operating profit in 2025 will amount to €640 to €740 million. The profit guidance is based on an estimate of a gradually improving economic cycle in all Kesko operating countries.
お知らせ • Feb 06Kesko Oyj to Report Fiscal Year 2024 Results on Feb 09, 2025Kesko Oyj announced that they will report fiscal year 2024 results on Feb 09, 2025
お知らせ • Feb 05+ 1 more updateKesko Corporation Proposes Dividend for the Year 2024, Payable on 2 April 2025, 22 July 2025, 21 October 2025 and 20 January 2026 RespectivelyKesko Corporation announced that annual general meeting to be held on March 24, 2025, The Board proposed that a dividend of €0.90 per share be distributed for the year 2024 based on the adopted balance sheet on shares held outside the company at the date of dividend distribution. The remaining distributable assets will remain in equity. The Board proposes that the dividend be paid in four instalments as follows: The first instalment of €0.23 per share is to be paid to shareholders registered in the company's register of shareholders kept by Euroclear Finland Ltd. on the instalment's record date 26 March 2025. The Board proposed that the dividend instalment pay date be 2 April 2025. The second instalment of €0.22 per share is to be paid to shareholders registered in the company's register of shareholders kept by Euroclear Finland Ltd. on the instalment's record date 15 July 2025. The Board proposes that the dividend instalment pay date be 22 July 2025. The third instalment of €0.23 per share is to be paid to shareholders registered in the company's register of shareholders kept by Euroclear Finland Ltd. on the instalment's record date 14 October 2025. The Board proposed that the dividend instalment pay date be 21 October 2025. The fourth instalment of €0.22 per share is to be paid to shareholders registered in the company's register of shareholders kept by Euroclear Finland Ltd. on the instalment's record date 13 January 2026. The Board proposed that the dividend instalment pay date be 20 January 2026.
Reported Earnings • Nov 01Third quarter 2024 earnings released: EPS: €0.35 (vs €0.37 in 3Q 2023)Third quarter 2024 results: EPS: €0.35 (down from €0.37 in 3Q 2023). Revenue: €3.03b (up 2.6% from 3Q 2023). Net income: €138.9m (down 6.7% from 3Q 2023). Profit margin: 4.6% (down from 5.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 12% per year.
お知らせ • Oct 30+ 1 more updateKesko Oyj Revises Earnings Guidance for the Year 2024Kesko Oyj revised earnings guidance for the year 2024. For the year, the company expects comparable operating profit in 2024 will amount to €630 million -€680 million. Previously, the comparable operating profit was estimated to amount to €620 million -€680 million.
Upcoming Dividend • Oct 07Upcoming dividend of €0.26 per shareEligible shareholders must have bought the stock before 14 October 2024. Payment date: 22 October 2024. Payout ratio is on the higher end at 95%, however this is supported by cash flows. Trailing yield: 5.4%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.9%).
Reported Earnings • Jul 24Second quarter 2024 earnings released: EPS: €0.26 (vs €0.38 in 2Q 2023)Second quarter 2024 results: EPS: €0.26 (down from €0.38 in 2Q 2023). Revenue: €3.09b (flat on 2Q 2023). Net income: €105.0m (down 30% from 2Q 2023). Profit margin: 3.4% (down from 4.8% in 2Q 2023). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings.
お知らせ • Jul 24Kesko Oyj, Annual General Meeting, Mar 24, 2025Kesko Oyj, Annual General Meeting, Mar 24, 2025.
お知らせ • Jul 23+ 4 more updatesKesko Oyj Revises Earnings Guidance for the Year 2024Kesko Oyj revised earnings guidance for the year 2024. For the year, the company expected net sales and operating profit are estimated to remain at a good level in 2024 despite the challenges in the company's operating environment. Kesko estimates that its comparable operating profit in 2024 will amount to EUR 620 million - EUR 680 million. Previously, the comparable operating profit was estimated to amount to EUR 620 million - EUR 700 million.
Upcoming Dividend • Jul 08Upcoming dividend of €0.25 per shareEligible shareholders must have bought the stock before 15 July 2024. Payment date: 23 July 2024. Payout ratio and cash payout ratio are on the higher end at 86% and 86% respectively. Trailing yield: 6.1%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (4.2%).
お知らせ • Jun 08Kesko Oyj Announces Nomination Committee AppointmentsK-Retailers' Association has announced that Pauli Jaakola shall act as a new member of Kesko's Shareholders' Nomination Committee. At its organisational meeting on 6 June 2024, the Committee elected Pauli Jaakola as Committee Chair. The members of Kesko's Shareholders' Nomination Committee are: Pauli Jaakola, retailer, appointed by K-Retailers' Association, Jouko Pölönen, President and CEO, appointed by Ilmarinen Mutual Pension Insurance Company, and Esa Kiiskinen, Chair of Kesko's Board of Directors.
お知らせ • Jun 05Kesko Corporation Appoints Johanna Ali as President of Kesko's Car Trade Division and a Member of Group Management BoardKesko Corporation announced that Johanna Ali, M.Sc. (Economics and Business), 46, has been appointed as President of Kesko's car trade division and a member of Group Management Board as of 4 June 2024. She has been the acting division President since 1 April 2024. Prior to that, Ali held the position of Vice President of Audi Finland within Kesko's car trade division. Before joining Kesko, Ali acted, for example, as Country Director for Forenom and Commercial Director for Lease Plan Finland.
お知らせ • May 15+ 1 more updateKesko Corporation Announces Executive ChangesKesko Corporation announced that Anu Hämäläinen (58), M.Sc. Econ., has been appointed as Kesko's member of Group Management Board as of 1 June 2024. Lasse Luukkainen (46), Master of Laws, has been appointed as Executive Vice President, Legal and Sustainability, and a member of Group Management Board as of 1 June 2024. Luukkainen currently holds the position of Group General Counsel at Kesko. He has held various legal positions in the company since 2010, having worked at Castrén & Snellman Attorneys prior to that. Riikka Joukio, Kesko's Executive Vice President, Sustainability and Public Affairs, and a member of Group Management Board since April 2021, has announced that she will be leaving the company.
Board Change • May 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Director Pauli Jaakola was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 27Kesko Corporation Revises Earnings Guidance for the Fiscal Year 2024Kesko Corporation revised earnings guidance for the fiscal year 2024. for the year, the company's net sales and operating profit are estimated to remain at a good level in 2024 despite the challenges in the company's operating environment. Kesko estimates that its comparable operating profit in 2024 will amount to EUR 620 million-EUR 700 million. Previously, the comparable operating profit was estimated to amount to EUR 620 million-EUR 720 million. The operating profit guidance adjustment is related to the weaker-than-anticipated outlook for construction in 2024.
Reported Earnings • Apr 26First quarter 2024 earnings released: EPS: €0.15 (vs €0.21 in 1Q 2023)First quarter 2024 results: EPS: €0.15 (down from €0.21 in 1Q 2023). Revenue: €2.76b (down 2.4% from 1Q 2023). Net income: €60.4m (down 28% from 1Q 2023). Profit margin: 2.2% (down from 3.0% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings.
お知らせ • Mar 27Kesko Oyj Appoints Pauli Jaakola as Member of the BoardKesko Oyj appointed Pauli Jaakola, EMBA, as a new member of the Board. The term of office for the Board members is one year, as determined in Kesko's Articles of Association.
お知らせ • Mar 26Kesko Corporation Approves Dividend for the Year 2023, Payable on 9 April 2024, 23 July 2024, 22 October 2024 and 21 January 2025 RespectivelyKesko Corporation announced that at the Annual General Meeting held on March 26, 2024 resolved to distribute, based on the adopted balance sheet for 2023, a dividend of €1.02 per share on shares held outside the company at the date of dividend distribution. The remaining distributable assets will remain in equity. The dividend will be paid in four instalments as follows: The first instalment of €0.26 per share: record date 28 March 2024, pay date 9 April 2024, The second instalment of €0.25 per share: record date 16 July 2024, pay date 23 July 2024, The third instalment of €0.26 per share: record date 15 October 2024, pay date 22 October 2024 and The fourth instalment of €0.25 per share: record date 14 January 2025, pay date 21 January 2025.
お知らせ • Mar 20Kesko Announces Executive and Board AppointmentsSami Kiiski appointed as President of Kesko's building and technical trade division and a member of Group Management Board, and Johanna Ali appointed as acting President of the car trade division and a member of Group Management Board. Sami Kiiski, M. Sc. (Economics and Business), 48, has been appointed as the new President of Kesko's building and technical trade division and a member of Group Management Board as of 1 April 2024. The previous division President Jorma Rauhala assumed the position of Kesko's President and CEO on 1 February 2024. Sami Kiiski is currently President of Kesko's car trade division. Prior to that, Kiiski was the Senior Vice President in charge of Kesko's leisure trade. Before joining Kesko, Kiiski worked, among other things, as CEO of Halti Oy. He is also a member of the Board of Management of Intersport International Corporation. With Sami Kiiski's swift transition into a new role, Johanna Ali, M.Sc. (Economics and Business), 46, is appointed as acting President of Kesko's car trade division and a member of Group Management Board. Ali currently holds the position of Vice President of Audi Finland within the car trade division. Before joining Kesko, Ali worked, for example, as Country Director for Forenom and Commercial Director for Lease Plan Finland. Kesko has initiated the recruitment process for a new car trade division President.
Upcoming Dividend • Mar 20Upcoming dividend of €0.26 per shareEligible shareholders must have bought the stock before 27 March 2024. Payment date: 08 April 2024. Payout ratio and cash payout ratio are on the higher end at 82% and 84% respectively. Trailing yield: 5.9%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (4.2%).
Reported Earnings • Mar 05Full year 2023 earnings released: EPS: €1.25 (vs €1.54 in FY 2022)Full year 2023 results: EPS: €1.25 (down from €1.54 in FY 2022). Revenue: €11.8b (flat on FY 2022). Net income: €495.6m (down 19% from FY 2022). Profit margin: 4.2% (down from 5.2% in FY 2022). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Feb 23Now 20% undervaluedOver the last 90 days, the stock has risen 4.0% to €17.83. The fair value is estimated to be €22.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.0% over the last 3 years. Earnings per share has grown by 3.9%. For the next 3 years, revenue is forecast to grow by 2.8% per annum. Earnings are also forecast to grow by 3.3% per annum over the same time period.
Recent Insider Transactions • Feb 21Key Executive recently sold €797k worth of stockOn the 16th of February, Jukka Erlund sold around 45k shares on-market at roughly €17.70 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Jukka's only on-market trade for the last 12 months.
お知らせ • Feb 14Jukka Erlund Leaves Kesko Corporation as Chief Financial Officer, Effective by August 2024Kesko Corporation announced Jukka Erlund that he will be leaving Kesko and joining Fazer Group as Chief Financial Officer. Erlund has been Kesko's CFO and a member of the Group Management Board since November 2011. Erlund will be leaving his current position by August 2024. Kesko has begun the process of finding a successor for Erlund. In addition to finance and treasury operations, Erlund has been in charge of e.g. Kesko Group's IT, M&A and investor relations operations.
Buy Or Sell Opportunity • Feb 08Now 20% undervaluedOver the last 90 days, the stock has risen 7.5% to €17.66. The fair value is estimated to be €22.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.0% over the last 3 years. Earnings per share has grown by 3.9%. For the next 3 years, revenue is forecast to grow by 2.8% per annum. Earnings are also forecast to grow by 3.3% per annum over the same time period.
Declared Dividend • Feb 01Fourth quarter dividend of €0.26 announcedShareholders will receive a dividend of €0.26. Ex-date: 27th March 2024 Payment date: 8th April 2024 Dividend yield will be 5.7%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is covered by both earnings (82% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 10% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Jan 31Full year 2023 earnings released: EPS: €1.25 (vs €1.54 in FY 2022)Full year 2023 results: EPS: €1.25 (down from €1.54 in FY 2022). Revenue: €11.8b (flat on FY 2022). Net income: €495.6m (down 19% from FY 2022). Profit margin: 4.2% (down from 5.2% in FY 2022). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
お知らせ • Jan 30+ 1 more updateKesko Oyj Proposes Dividend for the Year 2023, Payable on 9 April 2024, 23 July 2024, 22 October 2024, 21 January 2025The Board of Directors of Kesko Corporation proposed to the Annual General Meeting to be held on 26 March 2024 that a dividend of EUR 1.02 per share be paid for the year 2023 based on the adopted balance sheet on shares held outside the company at the date of dividend distribution. The remaining distributable assets will remain in equity. The Board proposes that the dividend be paid in four instalments. The first instalment of EUR 0.26 per share is to be paid to shareholders registered in the company's register of shareholders kept by Euroclear Finland Ltd. on the instalment's record date 28 March 2024. The Board proposes that the dividend instalment pay date be 9 April 2024. The second instalment of EUR 0.25 per share is to be paid to shareholders registered in the company's register of shareholders kept by Euroclear Finland Ltd. on the instalment's record date 16 July 2024. The Board proposes that the dividend instalment pay date be 23 July 2024. The third instalment of EUR 0.26 per share is to be paid to shareholders registered in the company's register of shareholders kept by Euroclear Finland Ltd. on the instalment's record date 15 October 2024. The Board proposes that the dividend instalment pay date be 22 October 2024. The fourth instalment of EUR 0.25 per share is to be paid to shareholders registered in the company's register of shareholders kept by Euroclear Finland Ltd. on the instalment's record date 14 January 2025. The Board proposes that the dividend instalment pay date be 21 January 2025. The Board proposes it be authorised to decide, if necessary, on new dividend payment record dates and pay dates for the second, third and/or fourth instalments, if the rules and statutes of the Finnish book-entry system change or otherwise so require. As at the date of the proposal for the distribution of profit, 29 January 2024, a total of 397,769,511 shares were held outside the company, and the corresponding total amount of dividends is EUR 405,724,901.22. The distributable assets of Kesko Corporation total EUR 1,584,703,413.17, of which profit for the financial year is EUR 509,617,838.22.
New Risk • Jan 25New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.3% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (98% cash payout ratio).
Buying Opportunity • Jan 18Now 21% undervaluedOver the last 90 days, the stock is up 12%. The fair value is estimated to be €21.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Earnings per share has grown by 9.0%. For the next 3 years, revenue is forecast to grow by 2.1% per annum. Earnings is also forecast to grow by 0.8% per annum over the same time period.
お知らせ • Dec 20+ 1 more updateKesko Oyj Appoints Jorma Rauhala as CEO as of 1 February 2024The Board of Directors of Kesko Corporation has appointed Jorma Rauhala as the Managing Director of Kesko Corporation and President and CEO of Kesko Group as of 1 February 2024 as Mikko Helander retires. Rauhala is currently the President of Kesko's building and technical trade division and Deputy CEO. Jorma Rauhala (born 1965, Master of Science, Econ.) has worked at Kesko Corporation since 1992. He has been the President of the building and technical trade division since November 2017. Prior to that, Rauhala acted as President of Kesko's grocery trade division, and as President of Kesko Food. Rauhala has also acted as Managing Director of Kespro. Jorma Rauhala has been a member of Kesko Corporation's Group Management Board since 2013. As previously communicated in a stock exchange release issued by Kesko on 8 December 2023, the current President and CEO Mikko Helander has stated he will retire during 2024.
お知らせ • Dec 08Kesko Corporation Announces Retirement of Mikko Helander as CEOKesko's President and CEO Mikko Helander has announced to Kesko's Board of Directors his intention to take the opportunity to retire from his position during 2024. The Board of Directors has initiated the process of finding a successor for Helander. Helander has acted as the President and CEO of Kesko since 2015. He joined the company on 1 October 2014 as Deputy CEO and member of Group Management Board. The managing director contract of the President and CEO was revised in 2021 so that Helander was to continue to act as President and CEO for the time being. Helander was born in 1960 and will turn 64 next year.
Upcoming Dividend • Dec 04Upcoming dividend of €0.27 per share at 6.1% yieldEligible shareholders must have bought the stock before 11 December 2023. Payment date: 19 December 2023. Payout ratio and cash payout ratio are on the higher end at 82% and 97% respectively. Trailing yield: 6.1%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (4.2%).
Buying Opportunity • Nov 11Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 7.8%. The fair value is estimated to be €20.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Earnings per share has grown by 9.0%. For the next 3 years, revenue is forecast to grow by 2.3% per annum. Earnings is also forecast to grow by 0.9% per annum over the same time period.
お知らせ • Oct 29Kesko Oyj Revises Earnings Guidance for the Year 2023Kesko Oyj revised earnings guidance for the year 2023. The company's profit guidance is given for the year 2023, in comparison with the year 2022. The company estimates that its comparable operating profit in 2023 will be in the range of €680 million to €730 million. Before, the company estimated that the comparable operating profit would be in the range of €680 million to €760 million.
Reported Earnings • Oct 27Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: €2.95b (down 2.0% from 3Q 2022). Net income: €148.8m (down 20% from 3Q 2022). Profit margin: 5.0% (down from 6.2% in 3Q 2022). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
New Risk • Oct 26New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (108% cash payout ratio).
New Risk • Oct 16New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (108% cash payout ratio).
お知らせ • Sep 21Kesko Announces Board ChangesKesko's Annual General Meeting 2020 resolved to establish a Shareholders' Nomination Committee. The Committee will prepare proposals related to the number, election and remuneration of Board members to Kesko's General Meeting of shareholders. The Nomination Committee has three members: two appointed by Kesko's biggest shareholders and one who is the Chairman of Kesko's Board of Directors. The members of Kesko's Shareholders' Nomination Committee are Toni Pokela, retailer, appointed by K-Retailers' Association, Jouko Pölönen, President and CEO, appointed by Ilmarinen Mutual Pension Insurance Company, and Esa Kiiskinen, Chairman of Kesko's Board of Directors. The Committee elected Toni Pokela as Committee Chairman at its organisational meeting on 20 September 2023.
Upcoming Dividend • Sep 04Upcoming dividend of €0.27 per share at 5.9% yieldEligible shareholders must have bought the stock before 11 September 2023. Payment date: 19 September 2023. Payout ratio is on the higher end at 77%, and the cash payout ratio is above 100%. Trailing yield: 5.9%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (4.3%).
お知らせ • Aug 25Kesko Oyj agreed to acquire a 90% stake in Davidsen Koncernen A/S from Davidsen family for €170 million.Kesko Oyj agreed to acquire a 90% stake in Davidsen Koncernen A/S from Davidsen family for €170 million on August 23, 2023. The completion of the acquisition is subject to EU Commission’s merger approval and fulfilment of certain other conditions. Kesko finances the acquisition with a customary bank loan. For the year 2022, the Davidsen Koncernen's had net sales of approximately €560 million with an EBITDA of €27 million and an EBIT €23 million. The transaction is expected to be completed in the first quarter of 2024 at the latest. Carsten Heinild and Jon Kaznelson of SEB Corporate Finance acted as legal advisors to Kesko Oyj.
お知らせ • Aug 18Kesko Oyj to Report Fiscal Year 2023 Results on Jan 30, 2024Kesko Oyj announced that they will report fiscal year 2023 results at 9:00 AM, E. Europe Standard Time on Jan 30, 2024
お知らせ • Aug 16+ 3 more updatesKesko Oyj to Report Nine Months, 2024 Results on Oct 30, 2024Kesko Oyj announced that they will report nine months, 2024 results on Oct 30, 2024
Reported Earnings • Jul 28Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €3.10b (flat on 2Q 2022). Net income: €150.1m (down 16% from 2Q 2022). Profit margin: 4.8% (down from 5.8% in 2Q 2022). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
New Risk • Jul 24New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.9% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (104% cash payout ratio).
Upcoming Dividend • Jun 13Upcoming dividend of €0.27 per share at 5.7% yieldEligible shareholders must have bought the stock before 20 June 2023. Payment date: 28 June 2023. Payout ratio is a comfortable 73% but the company is paying out more than the cash it is generating. Trailing yield: 5.7%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.5%).
Upcoming Dividend • Mar 24Upcoming dividend of €0.27 per share at 5.6% yieldEligible shareholders must have bought the stock before 31 March 2023. Payment date: 12 April 2023. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 5.6%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.9%).
Reported Earnings • Mar 08Full year 2022 earnings releasedFull year 2022 results: Revenue: €11.8b (up 4.5% from FY 2021). Net income: €609.9m (up 6.7% from FY 2021). Profit margin: 5.2% (up from 5.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Consumer Retailing industry in Europe.
Reported Earnings • Feb 03Full year 2022 earnings released: EPS: €1.54 (vs €1.44 in FY 2021)Full year 2022 results: EPS: €1.54 (up from €1.44 in FY 2021). Revenue: €11.8b (up 4.5% from FY 2021). Net income: €609.9m (up 6.7% from FY 2021). Profit margin: 5.2% (up from 5.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 02+ 1 more updateKesko Corporation Proposes Dividend for the Year 2022. Payable on 12 April 2023, 28 June 2023, 19 September 2023 and 19 December 2023 RespectivelyThe Board of Directors of Kesko Corporation proposed to the Annual General Meeting to be held on 30 March 2023 that a dividend of EUR 1.08 per share be paid for the year 2022 based on the adopted balance sheet on shares held outside the company at the date of dividend distribution. The remaining distributable assets will remain in equity. The Board proposed that the dividend be paid in four instalments. The first instalment of EUR 0.27 per share is to be paid to shareholders registered in the company's register of shareholders kept by Euroclear Finland Ltd. on the instalment's record date 3 April 2023. The Board proposed that the dividend instalment pay date be 12 April 2023. The second instalment of EUR 0.27 per share is to be paid to shareholders registered in the company's register of shareholders kept by Euroclear Finland Ltd. on the instalment's record date 21 June 2023. The Board proposed that the dividend instalment pay date be 28 June 2023. The third instalment of EUR 0.27 per share is to be paid to shareholders registered in the company's register of shareholders kept by Euroclear Finland Ltd. on the instalment's record date 12 September 2023. The Board proposed that the dividend instalment pay date be 19 September 2023. The fourth instalment of EUR 0.27 per share is to be paid to shareholders registered in the company's register of shareholders kept by Euroclear Finland Ltd. on the instalment's record date 12 December 2023. The Board proposed that the dividend instalment pay date be 19 December 2023.
Upcoming Dividend • Dec 05Upcoming dividend of €0.26 per shareEligible shareholders must have bought the stock before 12 December 2022. Payment date: 20 December 2022. Payout ratio is a comfortable 67% and the cash payout ratio is 84%. Trailing yield: 5.0%. Within top quartile of German dividend payers (4.8%). In line with average of industry peers (4.7%).
Reported Earnings • Oct 28Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: €3.01b (up 3.7% from 3Q 2021). Net income: €185.6m (up 9.0% from 3Q 2021). Profit margin: 6.2% (up from 5.9% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 5.5% growth forecast for the Consumer Retailing industry in Europe.
お知らせ • Oct 27+ 1 more updateKesko Oyj Revises Earnings Guidance for the Year 2022Kesko Oyj revised earnings guidance for the year 2022. The company estimates that its comparable operating profit in 2022 will be in the range of EUR 790 million - EUR 840 million. Before, the company estimated that the comparable operating profit would be in the range of EUR 750 million - EUR 840 million.
お知らせ • Oct 05Kesko Oyj (HLSE:KESKOB) acquired Xl-Bygg Bergslagen Ab.Kesko Oyj (HLSE:KESKOB) announced to acquire Xl-Bygg Bergslagen Ab on July 6, 2022. XL-BYGG Bergslagen´s net sales in 2021 totaled approximately €9.8 million and it has approximately 18 employees. XL-Bygg Bergslagen will become part of Kesko Sweden's building materials chain K-Bygg. The transaction is expected to be completed during October 2022. Kesko Oyj (HLSE:KESKOB) completed the acquisition of Xl-Bygg Bergslagen Ab on October 4, 2022.
お知らせ • Sep 19+ 1 more updateKesko Oyj to Report Q3, 2023 Results on Oct 26, 2023Kesko Oyj announced that they will report Q3, 2023 results on Oct 26, 2023
