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                                                            Release
                                                            February 2, 2017
 

 
Kesko's financial statements release for the period
1 Jan. 2016 to 31 Dec. 2016: Kesko's comparable operating profit increased
 
KESKO CORPORATION FINANCIAL STATEMENTS RELEASE 02.02.2017 AT 09.00 1(40)
 
Financial performance in brief:

* The Group's net sales for January-December were €10,180 million 
   (€8,679 million).  Net sales grew by 17.3% and in local currencies, 
   acquisitions and disposals excluded, by 1.6%.
* Comparable operating profit was €272.9 million (€244.5 million)
* Operating profit was €146.8 million (€194.6 million)
* Comparable return on capital employed was 11.9% (11.7%)
* Comparable profit before tax was €271.4 million (€237.9 million)
* Comparable earnings per share were €2.01 (€1.70)
* The Board's proposal for dividend is €2.00 per share
* Kesko Group's net sales for 2017 are expected to exceed the level of the 
   previous year. The comparable operating profit for 2017 is expected to 
   exceed the level of 2016.

 
Key performance indicators
 
  1-12/2016 1-12/2015 10-12/2016 10-12/2015
Net sales, € million 10,180 8,679 2,765 2,166
Operating profit, comparable,
€ million
272.9 244.5 63.3 59.1
Operating profit, € million 146.8 194.6 -40.3 39.3
Profit before tax, comparable,
€ million
271.4 237.9 60.2 60.6
Profit before tax, € million 145.2 188.0 -43.5 40.7
Capital expenditure, € million 743.1 218.5 105.4 66.9
Earnings per share, €, diluted 0.99 1.03 -0.40 0.22
Earnings per share, comparable, €, basic 2.01 1.70 0.42 0.47
         
  31.12.2016 31.12.2015    
Equity ratio, % 48.6 54.7    
Equity per share, € 20.44 21.82  
 
 

Further information is available from Jukka Erlund, Executive Vice
President, Chief Financial Officer, telephone +358 105 322 113, and Eva Kaukinen, Vice President, Group Controller, telephone +358 105 322 338. 
 
 
INFORMATION ABOUT ONNINEN:
Onninen provides comprehensive material and information flow solutions to contractors, industry, public organizations, technical product retailers and suppliers. We are a Finnish company and have operated in the industry since 1913. We have 3,200 employees in our Finnish, Swedish, Norwegian, Polish and Baltic operations. Our pro forma net sales were around EUR 1.5 billion in 2015. Onninen Oy is part of Kesko Group.
www.onninen.com