| Type | Julkinen osakeyhtiö (OMX: KESBV) |
|---|---|
| Industry | Retail |
| Founded | 1940 |
| Headquarters | Helsinki, Finland |
| Key people | Matti Halmesmäki (President and CEO), Heikki Takamäki (Chairman) |
| Services | Supermarkets and hypermarkets, hardware retail, auto sales, department stores, consumer durables, agricultural supplies |
| Revenue | €8.777 billion (2010)[1] |
| Operating income | €307 million (2010)[1] |
| Profit | €205 million (2010)[1] |
| Total assets | €4.177 billion (end 2010)[1] |
| Total equity | €2.210 billion (end 2010)[1] |
| Employees | 18,215 (average, 2010)[1] |
| Website | www.kesko.fi |
Kesko is a Finnish retailing conglomerate. It is engaged in the food trade, the home and specialty goods trade, the building and home improvement trade, and the car and machinery trade. It also has subsidiaries in Sweden, Norway, Estonia, Latvia, Lithuania, Russia, and Belarus.
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Kesko was formed when four regional wholesaling companies that had been founded by retailers were merged in October 1940.
The new Kesko company started operating at the beginning of 1941. The need to purchase goods for the shareholder-retailers and to support their business operations and start cooperation among them resulted in the forming of the K-retailer group.
By the end of the 1940s, Kesko's sales amounted to about 15 billion old Finnish markkas (equivalent to EUR 580 million in 2010), which was about 12% of the overall sales of the central companies operating in the Finnish trading sector.
Kesko Food is the leading operator in the Finnish grocery trade. Kesko Food's main functions include the centralised purchasing of products, selection management, logistics, and the development of chain concepts and the store network.
Kesko Food manages the K-food store chains, which are K-citymarket, K-supermarket, K-market and K-extra. There were 1,007 K-food stores in Finland in 2010. The K-food store network is the most comprehensive in Finland and 51% of Finns live less than a kilometre away from a K-food store.
Kesko Food's private brands include Pirkka and Euro Shopper.
Kesko Food’s subsidiary Kespro is the leading wholesaler in the Finnish HoReCa business.
The home and specialty goods trade comprises Anttila and Kodin Ykkönen, K-citymarket's home and speciality goods, Intersport Finland, Indoor's Asko and Sotka, Musta Pörssi and Kenkäkesko.
Kesko's home and specialty goods trade operates in the clothing, home, sports, leisure, home technology, entertainment and furniture product lines.
The most widely recognised chains are:
Rautakesko is an international service provider which retails building, renovation and home improvement supplies in Finland, Sweden, Norway, Estonia, Latvia, Lithuania, Russia and Belarus.
Rautakesko manages and develops the K-rauta, Rautia, K-maatalous, Byggmakker, Senukai and OMA retail chains and B2B sales in its operating area.
Rautakesko's main functions include the centralised development of chain selections, centralised purchasing and logistics, and the development of chain concepts and the store network.
All stores in Finland are owned by retailer entrepreneurs. There are also approximately 100 retailer-owned stores in Norway. Rautakesko's international business model combines the category management, purchasing, logistics, information system control and network improvements of the company's chains which operate in different countries.
The car and machinery trade segment consists of VV-Auto and Konekesko with their subsidiaries.
VV-Auto and Konekesko represent the leading brands in their market area and are responsible for the sales and after-sales services of these brands either through their own or dealer network. The dealer network is complemented by a network of contract service centres.
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