Kesko Oyj (KKOYY) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Liikevuoto laski hieman. Sitten tosiaan niin kerrottiin silloin 15.6. että me tullaan vahvistamaan merkittävästi meidän toimintoja Pohjoismaissa teknisessä tukkukaupassa. Ilmoitettiin, että ostetaan Daalilta Ruotsin, Norjan ja Tanskan liiketoiminnot. Ja tosiaan näiden ostettavien yhteyden yhteenlaskettu liikevaihto oli viime vuonna 2,1 miljardia euroa. And we have increased the rate of income and estimate that the ratio has increased by 670-730 million euros. Previously it was 650-750 million euros, so this range was reduced to 40 million euros and 20 million euros in both directions. The exchange rate has increased by 190 million euros. There was of course some growth from the Danish stock market. From now on, it will not affect the numbers at all, so the background figures will also be there. The slide rate is almost 13 billion euros. The net profit, as stated, rose to 17.3 million euros and the net profit percentage rose to 5.7 million euros, a drop of 680 million euros and a drop of 5.3 percent over the past 12 months. The net profit remained the same. In the construction and housing technology market, it improved, and in the retail and car market, it slightly weakened. The position of the economy is good. The flow of money has improved and there is good management of the utility business, especially in the background. Investments have opened up more closely. On the next page, the net interest rates without leasing debts, especially net interest rates per use rate, improved by 1.7 last year and it was 1.9 during Q1, so we are also going in a better direction. There is nothing more surprising in investments. We have announced that we are going to invest 250 million euros in the Finnish retail network. We will continue to do so. There is always a bit of thinking ab...