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Grönt ljus från myndigheterna för Keskon Dahl-företagsförvärv

KESKOBAnalyst Comment2026-09-25 06:35
Arttu HeikuraAnalyst
Discuss

Automatisk översättning: Ursprungligen publicerad på finska 2026-09-25 04:35 GMT. Ge feedback här.

Kesko meddelade i ett meddelande på torsdagen att Europeiska kommissionen utan villkor har godkänt det företagsförvärv där bolaget köper den tekniska grossistverksamheten Dahl i Sverige, Norge och Danmark. Övriga nödvändiga myndighetsgodkännanden har redan erhållits tidigare. Att affären slutförs förutsätter enbart att övriga sedvanliga villkor uppfylls, varav en del sannolikt rör hur affären finansieras. Kesko bedömer att företagsförvärvet kommer att slutföras före utgången av 2026. Vi lägger till affären i våra estimat i samband med att den slutförs, då vi också förväntar oss att det slutliga finansieringssättet och omfattningen redan är i stora drag klara. Vi har tidigare kommenterat affären här och dess ekonomiska konsekvenser för koncernen mer utförligt här.

Kesko operates in the retail sector. The company offers services primarily aimed at the food, construction and technology industries. The largest activities are found in the development of store concepts, channel sales, e-commerce sites and business models. The majority of operations are found in the Nordic and Baltic markets. The head office is located in Helsinki.

Read more on company page

Key Estimate Figures23/07

202526e27e
Revenue12,474.613,194.113,788.9
growth-%4.7 %5.8 %4.5 %
EBIT (adj.)655.0706.3811.5
EBIT-% (adj.)5.3 %5.4 %5.9 %
EPS (adj.)1.071.181.39
Dividend0.900.951.15
Dividend %4.7 %4.0 %4.8 %
P/E (adj.)18.020.217.1
EV/EBITDA9.19.68.6

Forum discussions

This announcement came out earlier today, nothing much to it I suppose. Inderes Kesko Oyj: Arvopaperimarkkinalain 9 luvun 10 pykälän mukainen...
yesterday
by Sijoittaja-alokas
7
Here is Arttu’s pre-earnings report ahead of Kesko’s earnings announcement on Thursday, October 29. We expect the Group’s earnings improvement...
10/15/2026, 4:59 AM
by Sijoittaja-alokas
12
Here are Arttu’s comments on Kesko’s September. Kesko’s sales grew by 5% in September. The growth was entirely organic and driven by each of...
10/14/2026, 6:06 AM
by Sijoittaja-alokas
36
Kesko Keskon myynti syyskuussa
10/14/2026, 5:08 AM
22
Presumably, the main owners’ will is what it is. And indeed, not everyone pays taxes on dividends, so taxation isn’t the same kind of issue ...
10/9/2026, 1:15 PM
by Paapaa
8
It might certainly be more suitable for someone that way, but wouldn’t it make sense to vote on it and act in accordance with the shareholders...
10/9/2026, 1:09 PM
by Raharambo
0
From one perspective, that’s the way it is. From another perspective, cash flow needs to come in, they aren’t going to put more money into the...
10/9/2026, 1:00 PM
by Mukava valkku
16