Finland: Kesko – Good Development Continues in All Areas.

Kesko published their financial statements for the year 2020 last week.

The building and technical trade division saw net sales grow by 5.7% in comparable terms, and its comparable operating profit rose to a new level at €188 million. Net sales and profit grew in Finland, Sweden, Norway and Poland.

Consumer sales grew particularly strongly in 2020, but development was also good on the B2B side in both building and home improvement trade and Onninen’s technical wholesale.

Read the whole report here: https://lnkd.in/ganpjA8

CEO Mikko Helander said “I would like to thank all K-Group members for this record-breaking year and valuable work. A big thank you also goes to all our customers, shareholders and partners.”

World: Board of EDRA/GHIN appoints two new members

EDRA/GHIN are delighted to announce the addition of two new board members. Thierry Garnier, CEO of Kingfisher, taking the place of outgoing CEO Véronique Laury. Furthermore the Board have co-opted Jorma Rauhala, Deputy CEO/Pres: Building & Tech Trade Division of Kesko, the largest Scandinavian home improvement company, to their number.