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MarketScreener Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Kesko Oyj    KESKOB   FI0009000202

KESKO OYJ

(KESKOB)
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Kesko Oyj : new financial targets

12/01/2020 | 12:36pm EST

The Board of Directors of Kesko Corporation has approved new medium-term financial targets for the Group.

The new medium-term financial targets for profitability, as approved by the Board of Directors of Kesko Corporation, are a comparable operating margin of 5.5% and a comparable return on capital employed of 12.5%. In terms of financial position, as before, the Group targets a maximum interest-bearing net debt/EBITDA ratio of 2.5, excluding the impact of IFRS 16. Kesko Group's previous financial targets were a comparable operating margin of 5.0%, a comparable return on capital employed of 11.0%, and interest-bearing net debt/EBITDA of less than 2.5 excluding the impact of IFRS 16.
 

Indicator Target Actual 09/2020,
rolling 12 months
Comparable operating margin, % 5.5 5.0
Comparable return on capital employed, % 12.5 11.0
Interest-bearing net debt/EBITDA, at maximum 2.5 0.5
excluding IFRS 16 impact

Thanks to the successful execution of its growth strategy, Kesko achieved its previous financial targets at the end of September 2020, sooner than anticipated. The Covid-19 epidemic and related changes in consumer behaviour have also had a positive impact on the company's profit in 2020. Kesko estimates that less than half of its profit growth in 2020 is related to the Covid-19 epidemic. The new targets take into account economic development in Kesko's operating countries in upcoming years, which is generally expected to be moderate.

Further information:

Jukka Erlund, Chief Financial Officer, tel. +358 105 322 113
Hanna Jaakkola, Vice President, Investor Relations, tel. +358 105 323 540
 

Kesko Corporation

DISTRIBUTION

Nasdaq Helsinki Ltd
Main news media
www.kesko.fi

https://news.cision.com/k-ryhma/r/kesko-s-new-financial-targets,c3247373

https://mb.cision.com/Main/13061/3247373/1342795.pdf

(c) 2020 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2020 10 404 M 12 661 M 12 661 M
Net income 2020 413 M 502 M 502 M
Net Debt 2020 2 473 M 3 010 M 3 010 M
P/E ratio 2020 19,0x
Yield 2020 3,34%
Capitalization 8 500 M 10 347 M 10 344 M
EV / Sales 2020 1,05x
EV / Sales 2021 1,06x
Nbr of Employees 17 346
Free-Float 84,9%
Chart KESKO OYJ
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Technical analysis trends KESKO OYJ
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TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
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Mean consensus UNDERPERFORM
Number of Analysts 4
Average target price 20,25 €
Last Close Price 21,86 €
Spread / Highest target 0,64%
Spread / Average Target -7,37%
Spread / Lowest Target -22,2%
EPS Revisions
Managers and Directors
NameTitle
Mikko Matias Helander President & Chief Executive Officer
Esa Mikael Kiiskinen Chairman
Jukka Henrik Erlund Chief Financial Officer & Executive Vice President
Arto Hiltunen Chief Information Officer & Vice President
Toni Pokela Non-Executive Director
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