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Kesko

23.78 EUR+1.19 %16/10 17:29
15,976 following

KESKOB

NASDAQ Helsinki

Retailers

Consumer Goods & Services

Overview
Financials & Estimates
Dividend
Short Selling
Investor views
Compare
+1.19 %
+9.08 %
+22.20 %
+20.04 %
+23.53 %
+27.37 %
+50.98 %
-25.29 %
+786.45 %

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
9.51B EUR
Turnover
8.66M EUR
P/E (adj.) (26e)
19.93
EV/EBIT (adj.) (26e)
18.39
P/B (26e)
3.25
EV/S (26e)
0.99
Dividend yield-% (26e)
3.99 %
Coverage
Recommendation
Reduce
Target price
23.50 EUR
Updated
2026-10-15
Arttu Heikura
Arttu Heikura

Analyst

Latest research

Latest analysis report

Released: 2026-10-15

Revenue and EBIT-%
EPS and dividend
Financial calendar
Risk
Business risk
Valuation risk
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Forum discussions
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 the company’s main divisions. Growth was strongest in the Car Trade and Building and Technical Trade, whose performance has been particularly...
10/14/2026, 6:06 AM
by Sijoittaja-alokas
36
Kesko Keskon myynti syyskuussa
10/14/2026, 5:08 AM
22
It would be good if a vote were held at the October 30 meeting on whether to carry out a share issue or skip paying dividends for the next 12 months and finance the acquisition with that money plus debt. The latter would be considerably cheaper overall. It saves the costs of a share...
10/9/2026, 12:04 PM
by Raharambo
21
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 rights issue, and the subscription rights are sold. This could be the case for foundations, for example. So, even though the situation might...
10/9/2026, 1:00 PM
by Mukava valkku
16
Here is Arttu’s pre-earnings report ahead of Kesko’s earnings announcement on Thursday, October 29. We expect the Group’s earnings improvement to have continued, now supported by all main business divisions. The outlook for the rest of the year appears positive, which is why we consider...
10/15/2026, 4:59 AM
by Sijoittaja-alokas
12
Out of curiosity, couldn’t Kesko anticipate or plan this at all and spin it in favor of the shareholder, versus how this scenario actually played out? Personally, I’m also baffled by the ridiculous dividend policy in this case, followed right after by a share issue to finance the...
10/9/2026, 6:28 AM
by Junnu
10
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 for everyone—unfortunately. Personally, I always prefer minimizing dividends if possible, but unfortunately, my Kesko stake isn’t quite large...
10/9/2026, 1:15 PM
by Paapaa
8
Read more on our forum
Revenue and EBIT-%

Revenue B

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
29/10
2026

Interim report Q3'26

30/10
2026

Extraordinary general meeting '26

13/1
2027

Quarterly dividend

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

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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
Regulatory press release2026-10-08 08:05

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

Kesko
Regulatory press release2026-10-08 08:00

K-ryhmä: Kesko is planning an approximately €500-700 million rights issue of B shares in connection with the acquisition of Dahl operations in Sweden and Brødrene Dahl operations in Norway and Denmark

Kesko
Press release2026-10-02 08:00

K-ryhmä: Invitation to Kesko's Q3 interim report briefing on Thursday, 29 October 2026

Kesko
Analyst Comment2026-10-01 07:43 by
Arttu Heikura

Kesko och Tokmannis målmarknad i horisontalläge i augusti

Marknaden för Finlands varuhus- och hypermarketkedjor växte med 2 % i augusti.

KeskoTokmanni Group
Regulatory press release2026-09-25 10:30

K-ryhmä: Realisation of Kesko's share-based commitment and incentive plan KPSP 2024

Kesko
Analyst Comment2026-09-25 06:35 by
Arttu Heikura

Grönt ljus från myndigheterna för Keskon Dahl-företagsförvärv

EU-kommissionen godkände företagsförvärvet av Dahl utan villkor.

Kesko
Regulatory press release2026-09-24 17:00

K-ryhmä: European Commission unconditionally approved the transaction in which Kesko acquires Dahl operations in Sweden, and Brødrene Dahl operations in Norway and Denmark

Kesko
Regulatory press release2026-09-21 09:00

K-ryhmä: Composition of Kesko's Shareholders' Nomination Committee

Kesko
Kesko augusti-försäljning växte över våra förväntningar anförda av Onninen
Analyst Comment2026-09-14 07:46 by
Rauli Juva

Kesko augusti-försäljning växte över våra förväntningar anförda av Onninen

Onninens tvåsiffriga tillväxt drog upp augusti månads försäljning över förväntningarna och skapar uppåtgående press på Q3-estimaten.

Kesko
Press release2026-09-14 07:00

K-ryhmä: Kesko's sales in August

Kesko
Analyst Comment2026-09-01 07:30 by
Arttu Heikura

Kesko och Tokmannis marknad växte i juli tack vare livsmedelshandeln

Tillväxten inom matvaruhandeln lyfte marknaden, trots att försäljningen av sällanköpsvaror minskade.

KeskoTokmanni Group
Keskos utveckling i juli starkare än våra förväntningar
Analyst Comment2026-08-14 08:05 by
Arttu Heikura

Keskos utveckling i juli starkare än våra förväntningar

Tillväxten var helt organisk och drevs av företagets alla huvudverksamhetsområden.

Kesko
Press release2026-08-14 07:00

K-ryhmä: Kesko's sales in July

Kesko
Analyst Comment2026-08-03 08:06 by
Arttu Heikura

Bakom uppgången på Kesko och Tokmannis livsmedelsmarknad

Marknaden för varuhus- och stormarknadskedjor växte med 2 % i juni.

KeskoTokmanni Group
Kesko Q2'26: Byggverksamheten ledde till en betydande resultatförbättring
Research2026-07-23 07:22 by
Arttu Heikura

Kesko Q2'26: Byggverksamheten ledde till en betydande resultatförbättring

Vi ser att koncernens vinsttillväxt fortsätter under H2 och förstärks under de kommande åren.

Kesko