Announcement • Jun 17
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. 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. Announcement • May 01
Kesko Oyj Repeats Earnings Guidance for the Year 2026 Kesko 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. Announcement • Mar 28
Kesko Oyj Elects Mervi Airaksinen as Member of the Audit Committee Kesko Oyj at its organisational meeting held after the 2026 Annual General Meeting, the Board elected Mervi Airaksinen as a member of the Audit Committee. Announcement • Feb 09
Kesko Oyj to Report Fiscal Year 2025 Final Results between Feb 09, 2026 and Feb 15, 2026 Kesko 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 Announcement • Feb 06
Kesko Oyj Proposes Dividend for the Year 2026, Payable on 8 April 2026, 23 July 2026, 22 October 2026 and 21 January 2027 Kesko 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. Announcement • Oct 02
Kesko Announces Management Changes, Effective 1 March 2026 Minttu 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. Announcement • Sep 23
Kesko Oyj Announces Composition of Shareholders' Nomination Committee Kesko'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. Announcement • Jul 22
Kesko Oyj Revises Earnings Guidance for the Year 2025 Kesko 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. Announcement • Feb 28
Kesko Oyj to Report Fiscal Year 2024 Final Results on Feb 28, 2025 Kesko Oyj announced that they will report fiscal year 2024 final results on Feb 28, 2025 Announcement • Feb 07
Kesko Oyj Provides Earnings Guidance for the Year 2025 Kesko 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. Announcement • Feb 06
Kesko Oyj to Report Fiscal Year 2024 Results on Feb 09, 2025 Kesko Oyj announced that they will report fiscal year 2024 results on Feb 09, 2025 Announcement • Jul 24
Kesko Oyj, Annual General Meeting, Mar 24, 2025 Kesko Oyj, Annual General Meeting, Mar 24, 2025. Announcement • Jun 08
Kesko Oyj Announces Nomination Committee Appointments K-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. Announcement • Jun 05
Kesko Corporation Appoints Johanna Ali as President of Kesko's Car Trade Division and a Member of Group Management Board Kesko 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. Announcement • Apr 27
Kesko Corporation Revises Earnings Guidance for the Fiscal Year 2024 Kesko 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. Announcement • Mar 27
Kesko Oyj Appoints Pauli Jaakola as Member of the Board Kesko 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. Announcement • Mar 26
Kesko Corporation Approves Dividend for the Year 2023, Payable on 9 April 2024, 23 July 2024, 22 October 2024 and 21 January 2025 Respectively Kesko 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. Announcement • Mar 20
Kesko Announces Executive and Board Appointments Sami 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. Announcement • Feb 14
Jukka Erlund Leaves Kesko Corporation as Chief Financial Officer, Effective by August 2024 Kesko 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. Announcement • Dec 08
Kesko Corporation Announces Retirement of Mikko Helander as CEO Kesko'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. Announcement • Oct 29
Kesko Oyj Revises Earnings Guidance for the Year 2023 Kesko 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. Announcement • Sep 21
Kesko Announces Board Changes Kesko'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. Announcement • Aug 25
Kesko 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. Announcement • Aug 18
Kesko Oyj to Report Fiscal Year 2023 Results on Jan 30, 2024 Kesko Oyj announced that they will report fiscal year 2023 results at 9:00 AM, E. Europe Standard Time on Jan 30, 2024 Announcement • Feb 02
Kesko Corporation Provides Earnings Guidance for the Year 2023 Kesko Corporation provided earnings guidance for the year 2023. For the year, the company's net sales and operating profit are estimated to remain at a good level despite the challenges in the company's operating environment. Kesko estimates that its comparable operating profit in 2023 will be in the range of EUR 680 million - EUR 800 million. 
