Q2 profit miss, guidance cut drags Kesko's shares

Kesko

22/07/2025 09:07

** Shares in Kesko KESKOB.HE fall around 5% after the Finnish grocery retailer reported lower than expected quarterly adjusted EBIT and cut the upper end of its guidance

** Q2 adjusted EBIT was 176.7 million euros ($206.49 million) against the 183.2 million estimated by Vara Research

** Kesko now expects full-year adjusted EBIT between 640-700 million euros against previous 640-740 million-euro range for 2025, a cut that Inderes analyst Arttu Heikura describes as "slightly disappointing"

** If losses hold, the shares will see their worst day since April

($1 = 0.8557 euros)

(Reporting by Elviira Luoma)

((Elviira.luoma@thomsonreuters.com))