Kesko Oyj (KKOYY) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hyvää päivää ja tervetuloa seuraamaan Keskon kolmannen kvartaalin tulosinfoa. Minun nimeni on Karoliina Partanen ja olen Keskon viestintäjohtaja. Aloitamme pääjohtaja Jorma Rauhalan katsauksella. Hän käy esityksessään läpi kolmannen vuosineljänneksen tuloskehitystä, toimialojen kuulumisia sekä toimintaympäristön näkymiä. After the chairman's review, there will be a Q&A session. We hope for active participation both here at the campus and on the lines. And to the lines, a familiar reminder, you have already asked questions during Jorma's presentation. They can be seen here between us on the long line. But without further ado, let's get started. Have a good one, Jorma. Thank you, Karoliina, and good morning and welcome from my side as well. Indeed, the results improved in terms of sales and development in all areas. What we mean by that is that if we start moving to the daily grocery store, in all of Finland, the daily grocery store has grown significantly more in Q3 than it has grown in the beginning of the year. Our sales development was clearly better than before, and I can say that we are very close to the market pace. We also see that the quality of these products, quality ready-to-eat foods, fish, fruits and vegetables, sales are growing more than before. There are certain positive signs in the use of consumer funds at this point. Building and housing technology is positive in that, if we look at it, of course, the share of foreign countries has already increased by 60%. There, the sales development of Poland, Baltic, and Denmark was quite strong, very strong, and then in Finland, however, Onninen, a significant operator here, was now the best sales development in more than two years. Well, on the car side, we know that the market has been quite weak, but there i...