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-Finnish Kesko's Nov 2011 sales grow 7.4% Y/Y.

NORDIC BUSINESS REPORT-December 15, 2011--Finnish Kesko's Nov 2011 sales grow 7.4% Y/Y(C)2011 M2 COMMUNICATIONS

15 December 2011 - Finnish retailer Kesko Oyj (HEL:KESBV) announced today its total sales, excluding value-added tax (VAT), increased by 7.4% year-on-year to EUR822.4m in November 2011.

Sales in Finland advanced by 7.2% to EUR683.2m and international sales increased by 8.4% to EUR139.2m.

Food sales came in at EUR363.3m in November, up 9.2% year-on-year, while sales in the home and speciality goods business declined by 3.1% to EUR143.9m.

Sales in the building and home improvement segment increased 3.7% in annual terms to EUR230.8m, whereas car and machinery sales jumped by 32.3% to EUR98.4m in November.

In the first 11 months of 2011, Kesko's total sales went up 7.9% on the year to EUR8.729bn.

(EUR1 = USD1.3)

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Publication:Nordic Business Report
Date:Dec 15, 2011
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