Kesko falls on Q3 earnings miss, trimmed outlook

Kesko

30/10/2025 09:48

** Shares in Kesko KESKOB.HE fall around 3% after the Finnish retailer reported a miss on its Q3 adjusted EBIT line and lowered the upper end of its 2025 guidance

** Its Q3 adjusted EBIT came to EUR 208.1 million ($242.69 million) against the Vara Research estimate of EUR 213.1 million

** The company now estimates its full-year comparable EBIT to be of EUR 640-690 million, against earlier estimate of EUR 640-700 million

** Kesko said in its statement that cycle recovery in building and technical trade was slower than anticipated in the third quarter

** If losses hold, Kesko shares are on track for their worst day since July

($1 = 0.8575 euros)

 (Reporting by Elviira Luoma)

 ((Elviira.luoma@thomsonreuters.com))