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Earnings Score 42 Bullish

Kesko Posts Q1 Growth and Sets Ambitious 2026 Profit Targets

Apr 29, 2026 05:51 UTC
0BNS.L, KESKOA.HE, KESKOB.HE, KKOYF, KKOYY
Medium term

Finnish retail conglomerate Kesko Oyj reported a rise in net sales and operating profit for the first quarter. The company also issued positive guidance for its 2026 fiscal year.

  • Net sales increased to 3.03 billion euros from 2.83 billion euros
  • Operating profit rose to 96.6 million euros
  • Comparable net profit grew to 56 million euros
  • EPS increased to 0.13 euros from 0.12 euros
  • 2026 comparable operating profit forecast between 650 million and 750 million euros

Kesko Oyj has announced a strong start to the year, reporting growth across several key financial metrics for the first quarter. The Finnish retailing conglomerate saw a rise in both top-line revenue and operating efficiency, reflecting resilience in the regional retail market. Net sales climbed to 3.03 billion euros, up from 2.83 billion euros in the same period last year. Operating profit rose to 96.6 million euros, while comparable operating profit reached 102 million euros, compared to 95.6 million euros in the prior year. On a comparable basis, net profit attributable to the owners of the parent grew to 56 million euros from 52.3 million euros. Earnings per share also saw a slight uptick, rising to 0.13 euros from 0.12 euros in the previous year. Looking ahead, the company has provided an optimistic outlook for its long-term performance. Kesko expects its comparable operating profit for the 2026 fiscal year to fall between 650 million and 750 million euros. Following the announcement, Kesko shares remained relatively stable on the Helsinki Stock Exchange, closing at EUR 20.32, a marginal increase of 0.10%.

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