Kesko Oyj (0BNS.L,KESKOA.HE) Thursday said that its third quarter results rose from a year ago, helped by good performance across all divisions. Additionally, the company also lowered its fiscal 2025 comparable operating profit outlook.
On the Helsinki Exchange, KESKOA.HE is down 2.72 percent on Thursday's trading at 18.62 euros.
The Finnish retailing conglomerate reported operating profit of 204.0 million euros in the third quarter, higher than 202.1 million euros in the same period last year. On a comparable basis, operating profit climbed to 208.1 million euros from 201.5 million euros in the year-ago quarter.
According to Kesko Oyj, on a per share basis, reported earnings were flat at 0.35 euros. Comparable basic earnings per share climbed to 0.36 euros from 0.34 euros in the prior-year period.
The company's quarterly group net sales climbed 6.6 percent to 3.28 billion euros from 3.03 billion euros in the corresponding period last year. On a comparable basis, net sales grew 3.5 percent, Kesko Oyj added.
Looking ahead, the company updated its fiscal 2025 outlook. It now expects comparable operating profit in the range of 640 million euros to 690 million euros, down from the earlier estimate of 640 million euros to 700 million euros.
For fiscal 2026, the company expects its comparable operating profit to improve across all divisions and operating countries.
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