Kesko Expects 2024 Comparable Operating Profit Ar EUR 620–680 Mln
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
(Gdansk Newsroom)
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