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Kesko Q4 EBIT Ex-Items At EUR 90.5 Million, Above Expectations


Wednesday, 6 Feb 2019 02:00am EST 

Feb 6 (Reuters) - Kesko Oyj ::KESKO'S FINANCIAL STATEMENTS RELEASE FOR THE PERIOD 1 JAN. TO 31 DEC. 2018: ALL-TIME-BEST COMPARABLE OPERATING PROFIT.PROPOSES A DIVIDEND OF EUR 2.34 PER SHARE, TO BE PAID IN TWO EQUAL INSTALMENTS IN APRIL AND OCTOBER.NET SALES FOR CONTINUING OPERATIONS FOR NEXT 12 MONTHS ARE EXPECTED TO EXCEED LEVEL OF PREVIOUS 12 MONTHS..COMPARABLE OPERATING PROFIT FOR CONTINUING OPERATIONS FOR NEXT 12-MONTH PERIOD IS EXPECTED TO EXCEED LEVEL OF PRECEDING 12 MONTHS..INVESTMENTS IN INFORMATION SYSTEMS AND DIGITAL SERVICES WILL BURDEN PROFITABILITY DURING PERIOD.IN CAR TRADE, PROFITABILITY IS BURDENED BY SHIFT TO WLTP EMISSIONS TESTING, WHICH POSTPONES CAR DELIVERY TIMES.Q4 NET SALES EUR 2.66 BILLION (REUTERS POLL: EUR 2.65 BILLION).Q4 EBIT EX-ITEMS EUR 90.5 MILLION (REUTERS POLL: EUR 88.7 MILLION). 

Company Quote

44.4
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17 May 2019