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Kesko

25.66 EUR-1.12 %6/11 17:29
15,995 following

KESKOB

NASDAQ Helsinki

Retailers

Consumer Goods & Services

Overview
Financials & Estimates
Dividend
Short Selling
Investor views
Compare
-1.12 %
+15.57 %
+22.35 %
+25.87 %
+36.53 %
+44.88 %
+59.09 %
-10.18 %
+879.70 %

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
Market cap
11.2B EUR
Turnover
22.6M EUR
P/E (adj.) (26e)
22.2
EV/EBIT (adj.) (26e)
21.56
P/B (26e)
3.14
EV/S (26e)
1.15
Dividend yield-% (26e)
3.59 %
Coverage
Recommendation
Reduce
Target price
25.00 EUR
Updated
2026-11-06
Arttu Heikura
Arttu Heikura

Analyst

Latest research

Latest analysis report

Released: 2026-11-06

Revenue and EBIT-%
EPS and dividend
Financial calendar
Risk
Business risk
Valuation risk
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Forum discussions
Arttu has published a new company report regarding the rights issue. Kesko published the terms for the rights issue related to financing the Dahl acquisition. Targeting gross proceeds of approximately EUR 652m, the issue is slightly larger than our previous assumption. We have updated...
yesterday
by Sijoittaja-alokas
20
At least from a retail investor’s perspective, the 11:1 subscription ratio chosen for the rights issue is a bit silly. Most likely, a retail investor holds a number of shares divisible by ten, meaning a 10:1 ratio, for example, would have been considerably clearer. That way, accounts...
11/5/2026, 9:04 PM
by roastbeef
10
That’s what needs to be considered here. Kesko-Dahl is interesting, especially since I believe in strong, boom years ahead for the construction industry. On the other hand, the increased cyclicality on the other side of the scale isn’t quite as appealing. Maybe I’ll subscribe for...
11/5/2026, 4:21 PM
by CoktailJet
9
I don’t quite get why people here are dumping their Kesko shares from their equity savings accounts (OST)? What does it matter if your holding isn’t evenly divisible by 11? Why sell Kesko off an equity savings account just because you won’t be able to buy subscription rights on it...
11/5/2026, 3:03 PM
by Hammer
9
Personally, I’m just trying to weigh the pros and cons here, and I’m not going to sell or buy Kesko shares just because my holding isn’t evenly divisible by 11. I’m just considering the different options and their financial viability. The fact that exercising subscription rights ...
11/5/2026, 3:39 PM
by Ekisetä
6
I’m wondering the same thing. I think I ended up with something like 10.09 subscription rights since I had one share over a multiple of 11, meaning I get to subscribe for 10 shares. Selling off the entire position just because of that leftover 0.09 doesn’t make any sense. In any ...
11/5/2026, 3:12 PM
by Hammer
6
You don’t theoretically lose many euros if the holding isn’t evenly divisible by 11 and a fraction remains unexercised because of it. I don’t understand these sales purely for that reason either.
11/5/2026, 3:06 PM
by Lohis
6
Read more on our forum
Revenue and EBIT-%

Revenue B

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
13/1
2027

Quarterly dividend

3/2
2027

Annual report '26

23/3
2027

General meeting '27

Kesko: Aktien handlas i dag utan registreringsrätter
Research2026-11-06 07:45
by Arttu Heikura

Kesko: Aktien handlas i dag utan registreringsrätter

Kesko publicerade villkoren för den emission av teckningsrätter som hänför sig till finansieringen av förvärvet av Dahl.

Kesko
Regulatory press release2026-11-05 09:00

Inside information: Kesko Corporation's Board of Directors has resolved on a rights issue of B shares of approximately €650 million and publishes the terms and conditions of the rights issue

Kesko
Analyst Comment2026-11-03 07:05
by Arttu Heikura

Kesko har slutfört företagsförvärvet av Dahl

Meddelandet har ingen inverkan på våra estimat eller vår ståndpunkt om bolaget.

Kesko

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Regulatory press release2026-11-02 13:00

K-ryhmä: Kesko has acquired Dahl in Sweden and the Brødrene Dahl companies in Norway and Denmark

Kesko
Analyst Comment2026-11-02 06:56
by Arttu Heikura

Tillväxten på Keskos och Tokmannis marknad accelererade i september

Den för Kesko och Tokmann centrala finska marknaden för varuhus- och hypermarketkedjor växte med 3 % i september.

KeskoTokmanni Group
Regulatory press release2026-10-30 09:30

K-ryhmä: Resolutions of Kesko Corporation's Extraordinary General Meeting

Kesko
Kesko Q3'26: Blicken riktad mot det värdeskapande som Dahl möjliggör
Research2026-10-30 06:10
by Arttu Heikura

Kesko Q3'26: Blicken riktad mot det värdeskapande som Dahl möjliggör

Keskon Q3-resultat överträffade vår förväntning något, särskilt drivet av Bygg- och inredningshandeln.

Kesko
Kesko Q3'26: Growth across all business areas11:33
Video2026-10-29 14:30
by Arttu Heikura

Kesko Q3'26: Growth across all business areas

Kesko reported that revenue increased significantly from the comparison period, particularly driven by the building and technical trade. Kesko is optimistic about the future. CEO Jorma Rauhala discusses the earnings release in an interview with analyst Arttu Heikura.

Kesko
Kesko Q3'26 snabbkommentar: Resultatet överträffade estimaten något, nästa års utsikter är positiva
Analyst Comment2026-10-29 07:50
by Arttu Heikura

Kesko Q3'26 snabbkommentar: Resultatet överträffade estimaten något, nästa års utsikter är positiva

Resultatet steg från jämförelseperioden, i synnerhet draget av den starka utvecklingen inom RT-handeln.

Kesko
Regulatory press release2026-10-29 07:00

Kesko interim report 1.1.-30.9.2026: Kesko's profit improved significantly - technical trade continues as the driver

Kesko
Regulatory press release2026-10-27 18:00

Estimated completion date of Kesko's Dahl acquisition specified: 2 November 2026

Kesko
Regulatory press release2026-10-27 16:45

Kesko Corporation: Disclosure in compliance with Chapter 9, Section 10 of the Finnish Securities Markets Act (26.10.2026)

Kesko
Regulatory press release2026-10-26 16:45

Kesko Corporation: Disclosure in compliance with Chapter 9, Section 10 of the Finnish Securities Markets Act (23.10.2026)

Kesko
Regulatory press release2026-10-22 16:15

Kesko Corporation: Disclosure in compliance with Chapter 9, Section 10 of the Finnish Securities Markets Act (21.10.2026)

Kesko
Regulatory press release2026-10-19 14:00

Kesko Corporation: Disclosure in compliance with Chapter 9, Section 10 of the Finnish Securities Markets Act (16.10.2026)

Kesko
Regulatory press release2026-10-17 10:30

Kesko Corporation: Disclosure in compliance with Chapter 9, Section 10 of the Finnish Securities Markets Act (15.10.2026)

Kesko
Kesko Q3'26 förhandskommentar: Det goda resultatdrivet är redan inprisat
Research2026-10-15 06:35
by Arttu Heikura

Kesko Q3'26 förhandskommentar: Det goda resultatdrivet är redan inprisat

Vi förväntar oss att koncernens resultatförbättring har fortsatt, nu med stöd av alla huvudbranscher.

Kesko
Tillväxten i Keskon försäljning fortsatte starkare än väntat i september
Analyst Comment2026-10-14 07:43
by Arttu Heikura

Tillväxten i Keskon försäljning fortsatte starkare än väntat i september

Keskos försäljning ökade med 5 % i september.

Kesko
Press release2026-10-14 07:00

K-ryhmä: Kesko's sales in September

Kesko
Kesko: Finansieringsupplägget för Dahl-förvärvet börjar klarna
Analyst Comment2026-10-09 06:40
by Arttu Heikura

Kesko: Finansieringsupplägget för Dahl-förvärvet börjar klarna

För att genomföra emissionen kallas bolaget till en extra stämma.

Kesko