THE FINNISH BASED MASTER OF ALL RETAIL TRADES
Kesko Oyj is a retailer that operates across grocery, car sales, technical and building trades. Its divisions and chains act in close cooperation with retailer entrepreneurs and other partners.
This link goes into greater detail regarding the company https://www.kesko.fi/en/company/kesko-in-brief/
Kesko has approximately 1,800 stores engaged in chain operations in Finland, Sweden, Norway, Estonia, Latvia, Lithuania and Poland.
Kesko has 17k+ direct employees and their K-Retailers (franchises) employ over 21K people.
It owns its own brands and products which is a great asset and has a balance sheet of 6.6 Billion and equity of 2.2 Billion.
The many brands of Kesko Oyj. How many can you recognise?
This company has managed to see growth the past 3 years across all divisions on the back of the pandemic. If this latest article is anything to go by then 2022 could be the best year yet for the company. https://www.marketscreener.com/quote/stock/KESKO-OYJ-1412478/news/Kesko-half-year-financial-report-for-1-Jan-30-June-2022-The-best-Q2-result-in-Kesko-s-history-41081290/
Kesko videos are hard to come by as most are in Finnish so I wasnt able to find anything too out of the ordinary regarding this company.
I did find this video however which I found interesting as it touches on the profit of all 3 divisions in 2021 which is the annual report I will be going through but also flags some upcoming issues for the 2022 year.
I think I may have to purchase shares in this company.
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