Kesko is a large Finnish retailer that operates grocery stores, building supply stores, and car dealerships across nine countries in Northern Europe. After recent acquisitions, Kesko's total sales are €13.4 billion annually across 45,000 employees. Kesko is focusing its growth strategy on expanding its grocery business in Finland, growing its building supply stores across Europe, and increasing its car dealerships in Finland. It is also maximizing value from other smaller business units. Kesko aims to be the most customer-driven and sustainable retailer through renewing its concepts, digital services, and maintaining profitability during a period of industry changes and consolidation.
Our Q3 Interim Report was published 25.10.2016. Our CEO Repe Harmanen talked about the key facts on Periscope.
The presentation states our key figures of the quarter and reveals more about our recent acquisition of Aponsa AB from Sweden.
Deirdre McPartlin is a Senior Advisor in Enterprise Ireland’s Brexit Unit. Prior to that she worked for three years in Enterprise Ireland Engineering Department. Deirdre has over 15 years experience helping Irish companies understand, access and penetrate the German, Austrian and Swiss markets.
Turning thinking from inside out to outside in by Anni RonkainenFrosmo
Digital technology will affect your business. It’s up to you whether this will become a competitive advantage or a competitive disadvantage for your company.
About Anni
Anni Ronkainen is Kesko Corporation’s Chief Digital Officer responsible for business development and digitalisation.
Before joining Kesko, she was the Country Manager Finland at Google Finland Ltd. Previously she has also been the CEO of the advertising agency McCann Helsinki and the Business Group Director of Satama Finland Oy which concentrates on digital media and business solutions.
Anni is also a Board Member at Nordic Morning Plc and Asiakastieto Group Plc.
Our Q3 Interim Report was published 25.10.2016. Our CEO Repe Harmanen talked about the key facts on Periscope.
The presentation states our key figures of the quarter and reveals more about our recent acquisition of Aponsa AB from Sweden.
Deirdre McPartlin is a Senior Advisor in Enterprise Ireland’s Brexit Unit. Prior to that she worked for three years in Enterprise Ireland Engineering Department. Deirdre has over 15 years experience helping Irish companies understand, access and penetrate the German, Austrian and Swiss markets.
Turning thinking from inside out to outside in by Anni RonkainenFrosmo
Digital technology will affect your business. It’s up to you whether this will become a competitive advantage or a competitive disadvantage for your company.
About Anni
Anni Ronkainen is Kesko Corporation’s Chief Digital Officer responsible for business development and digitalisation.
Before joining Kesko, she was the Country Manager Finland at Google Finland Ltd. Previously she has also been the CEO of the advertising agency McCann Helsinki and the Business Group Director of Satama Finland Oy which concentrates on digital media and business solutions.
Anni is also a Board Member at Nordic Morning Plc and Asiakastieto Group Plc.
A pitch I prepared for the results of my project group in the course "Entrepreneurship & Innovation" at Graduate School of Management, St Petersburg. Essentially, the business idea is an exclusive group purchasing site. The concept was developed during the two weeks long course.
The UK’s major regional cities are now being recognised as drivers of the country’s economic recovery and growth.
Taking a lead on the debate, the Greater Birmingham & Solihull Local Enterprise Partnership (GBSLEP), along with its partners, has worked with Lord Heseltine to examine how recommendations from his ‘No Stone Unturned’ report – endorsed by the Chancellor in this month’s Budget – could work in practice in the UK’s largest regional city and its surrounding area. The Greater Birmingham Project report was launched earlier this month and advocated Lord Heseltine’s idea of a ‘Single Pot’ of funding allocated from central government to local areas – giving LEPs the chance to tailor spending to local priorities.
With the Chancellor’s endorsement of the ‘Single Pot’ – a move that could signal a revolution in how Whitehall operates and interacts with local areas - the challenge is now for partners to work together to devise Greater Birmingham's bid to the fund. The size of the national fund will be announced in late June and could come into effect by April 2015.
Andy Street, Chair of the Greater Birmingham and Solihull Local Enterprise Partnership (LEP), will join us to provide an insight into The Greater Birmingham Project report and discuss how local businesses can help the LEP and its partners take up the challenge and create a compelling bid for the ‘Single Pot’ – an opportunity not to be missed.
eFulfillment for Europe - next generation e-fulfilment Lidia Koubová
At Internel we excel in Next generation e-fulfilment – we provide international online retailers with truly innovative e-commerce logistics services to gain competitive advantage.
Since 2013, we’ve been passionate about designing a network and processes that tackle one of the biggest challenges in e-commerce: cross-border online sales.
EBRD Seminar on Energy Efficiency and Renewable Energy for Finnish private sector at the Ministry for Foreign Affairs of Finland on February 16th, presentation by Mr. Jorma Korhonen
How KME Group - a worldwide market leader of copper and copper alloy semi finished products - implemented e-Invoicing: project phases, obstacles and solutions.
2. K-Group Today
K-Group’s (i.e. Kesko and the retailers) pro forma sales
€13.4bn
Operations in nine countries
Number of personnel around 45,000
Third largest retailer in northern Europe
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After the acquisition of Suomen Lähikauppa and Onninen
3. Kesko Q3/2016
Rolling 12 mo
Net sales €9,582m
Operating profit* €269m
Personnel 22,000 FTE
Shareholders 40,000
Market capitalisation €4.4bn (Oct 31, 2016)
* comparable
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4. Kesko Operates in Three Divisions
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Grocery trade Building and technical trade Car trade
• Some 1,500 stores
in Finland
• #2 in the Finnish
retail market
• #1 in Finnish food
service business
• Some 700 stores in 9
countries
• #1 in northern Europe
• Sole importer of VW,
Audi and Seat
• #1 in Finland
5. Megatrends
555
MEGATRENDS
Focused international retailers challenge local players
Customers have ever better ability to make analytical decisions
Digital services play a key role
Ageing population, urbanisation and single household growth
Responsibility and strong brand increasingly important
6. GDP growth,
2016e, %
Finland 0.9
Norway 0.8
Sweden 3.6
Estonia 1.5
Latvia 2.5
Lithuania 2.6
Russia -0.8
Poland 3.1
Belarus -3.0
Stable Economical and Political
Situation in Northern Europe
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Source: International Monetary Fund, World Economic Outlook Database, October 2016
7. Growth Strategy
• Growth of the grocery trade particularly in Finland
• Growth of the building and technical trade in Europe
• Growth of the car trade particularly in Finland
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8. Maximising Value Creation Also in Other Businesses
• Furniture trade (Finland and Estonia)
• Agricultural trade (Finland)
• Machinery trade (Finland and the Baltic countries)
• Sports trade (Finland)
• Shoe trade (Finland)
• Total revenue some €1bn
• Strong market shares and ROCE
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9. Real estate
arrangement
Divestment of
Anttila
Kesko Senukai
arrangement in the
Baltic countries
Acquisition of
Suomen Lähikauppa
Acquisition of
Onninen
Strategy Implementation is Progressing
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One unified
Divestment
of K-ruoka,
Russia
11. Direction in Grocery Trade
• Most customer driven and inspirational food retailer
• Renewing concepts, brand and marketing
• Best digital services
• Staying as one of the most profitable retailers in Europe
• Maintaining profitable growth
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12. Direction in Building and Technical Trade
• A unified building and technical trade – harvesting synergies
• Best digital services for all customer segments
• Profitability towards the level of the best European performers
• Prioritising profitability and organic growth
• The most natural growth areas are Nordic and Baltic countries
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13. Direction in Car Trade
• The fast changes in car industry offer new business
opportunities
• Deepening cooperation with VW AG
• Maintaining high market share, growth and good
profitability
• Fast expansion of the online car store Caara
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15. Annual Capex Level Below €200m After 2017
(Excl. Acquisitions)
• Acquisition of Suomen Lähikauppa enabled neighbourhood store site network expansion
• Renewal of K-citymarket hypermarket network completed by 2018
• First part of Itäkeskus shopping centre, Easton Helsinki, in operation in 2017
• Divestment of Kesko Food Russia reduces investments
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16. The World’s Most
Sustainable
Retail Operator
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Davos, January 2015 and 2016:
’The Global 100 Most Sustainable Corporations in
the World’ list.