Kesko Oyj (KKOYY) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Dear all, warmly welcome virtually to Helsinki and thank you for tuning in for Kesko's Q1 2026 release call. Strong sales and profit in all divisions is our headline. So good start for the year despite turbulent times. We have the familiar agenda. First President and CEO Jorma Rauhala will give the presentation. After the presentation, we are happy to take questions from you. We have here with us our business division presidents, Ari Akseli for grocery trade, Sami Kiiski for building and technical trade, Johanna Ahli for car trade, as well as CFO Anu Hämmäläinen. The questions can be asked both by phone and via chat function after the presentation. All the materials related to the quarter can be found at our webpage kesko.fi under investors. My name is Hanna Jaakkola. I'm responsible for IR at Kesko. I will be happy to have discussions and answer your follow-up questions after the presentation. But now, without further ado, Jorma, the virtual stage is yours, please. Thank you, Hanna. Ladies and gentlemen, welcome also on my behalf to this release call. I am Jorma Rauhola, and I am now the pleasure to present Keskos Q1 results. Strong sales and profit in all divisions is our headline. In grocery trade and in building and technical trade, sales and profits improved. In car trade, sales grew, but operating profit declined a bit. But now I will give an overview of our business performance and open up elements behind the result. After the presentation, we are ready for the Q&A. Summary of the first quarter in 26. Kesko's comparable operating profit improved. Net sales grew in all divisions. In grocery trade, K-group stores gained market share. Profitability was strong despite investments. In billing and technical trade, comparable operating profit increased, even though t...