Brief: Kesko Expects 2024 Comparable Operating Profit Ar EUR 620–680 Mln

Kesko

23/07/2024 06:09

July 23 (Reuters) - Kesko Oyj  KESKOB.HE :
    * Q2 NET SALES EUR 3,093.4 MILLION (VARA CONSENSUS EUR
3,072.5
MILLION)
    * Q2 COMPARABLE OPERATING PROFIT EUR 178.3 MILLION (VARA
CONSENSUS
EUR 181.3 MILLION)
    * Q2 REPORTED EPS EUR 0.26 (VARA CONSENSUS EUR 0.32)
    * Q2 COMPARABLE PROFIT BEFORE TAXES EUR 150.4 MILLION (VARA
CONSENSUS EUR 159.1 MILLION)
    * OUTLOOK:  ESTIMATES THAT ITS COMPARABLE OPERATING PROFIT
IN 2024
WILL AMOUNT TO €620–680 MILLION (PREVIOUSLY ESTIMATED TO BE
€620-700 MILLION)
    * OUTLOOK: IN GROCERY TRADE, B2C TRADE AND THE FOODSERVICE
MARKET
ARE EXPECTED TO REMAIN STABLE DESPITE TIGHTENED PRICE 
COMPETITION, AND INFLATION IS EXPECTED TO SLOW DOWN IN 2024
    * OUTLOOK: IN BUILDING AND TECHNICAL TRADE, THE MARKET IS
EXPECTED
TO CONTINUE TO DECLINE IN 2024
    * OUTLOOK: IN CAR TRADE, NEW CAR SALES ARE EXPECTED TO FALL
SHORT
OF THE 2023 LEVEL

Source text for Eikon:  ID:nWkrZzhS5 
Further company coverage:  KESKOB.HE 

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