Sales growth abroad

The Finnish Kesko Group has made a downward correction to its nine-monthly result for the Rautakesko building and DIY division, putting a figure of € 573 mio on net sales for the period January to September 2002. This amounts to a decline of 1.9 per cent on the same period last year. Sales in Finland dipped by 4.4 per cent to € 483.1 mio in Finland. However, the retail sales of the K-Rauta marketing arm improved by three per cent, contrary to the general trend. Strong growth was displayed by the group’s subsidiaries abroad, where an increase of € 96.9 mio, or 26.2 per cent, was realised compared with the first nine months of 2001. Their proportion of sales comes to over 16 per cent. Net sales figures for the individual countries:
Stores
Net sales January - September 2002
Change
Sweden
10
€ 50.8 mio
39.2 %
Estonia
4
€ 30.1 mio
13.0 %
Latvia
1
€ 12.7 mio
9.7 %