Kesko Oyj (KKOYY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Dear all, warmly welcome virtually to Helsinki, and thank you for tuning in for Kesko's full-year 2025 release call. Today's headline is Kesko's results improved, net sales grew in all divisions, and it outlines 2025 well. In this presentation, we are also presenting 2026 guidance, as well as dividend proposal for the annual general meetings. Today's agenda is the following. President and CEO Jorma Rauhala will give the full year and Q4 presentation. We have here with us our business division presidents Ari Akseli for grocery trade, Sami Kiiski for building and technical trade, and Johanna Ali for car trade, as well as CFO Anu Hämäläinen. After Jorma's presentation, we have time for questions, both by phone and via chat function. All the materials related to full year and Q4 can be found at our website, kesko.fi, under investors. My name is Hanna Jaakkola. I'm responsible for IR at Kesko. I will be at your service after the presentation for your questions and discussions. But now, Jorma, the 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 have now the pleasure to present Kesko's full year and Q4 results. Yes, Kesko's result improved. Net sales grew in all divisions is our headline and it describes our 2025 well. Towards the end of the year we saw a turnaround in performance as the third quarter result improved and growth continued in the fourth quarter. Now I will give an overview of our business performance and open up elements behind the result. I'll also present the guidance and outlook for 2026 and the dividend proposal to the annual general meeting. Kesko's comparable operating profit improved and net sales grew in all divisions. This is a great achievement, especially taki...