Kesko Oyj Issues FY 2013 Financial Guidance in Line with Analysts' Estimates
Kesko Oyj announced that the future fiscal year (FY) 2013 outlook has been changed. The Kesko Group's net sales for FY 2013 are expected to match the level of the previous FY. As a result of the measures taken to enhance business operations and cost savings, the operating profit excluding non-recurring items (EBIT) for FY 2013 is expected to exceed the operating profit excluding non-recurring items (EBIT) for FY 2012, unless the overall consumer demand significantly weakens. The capital expenditure for FY 2013 is expected to be lower compared with the capital expenditure for the previous FY. According to I/B/E/S Estimates, analysts on average are expecting the Company to report FY 2013 EBIT of EUR 273.23 million. In FY 2012, the Company reported EBIT of EUR 216.7 million.
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