Growth was particularly strong in the B2B trade, boosted by the good performance of Onninen and K-Rauta in Finland. The positive trend continued also in 2017, and our comparable net sales and profit improved compared to the year before. In the building and technical trade, we have managed to improve profitability significantly in recent years. We are also particularly happy with the good performance of K-Citymarket and Kespro, and the strong openings of new stores. The successful integration of Suomen Lähikauppa has meant that synergy benefits have materialised sooner than anticipated. Customer satisfaction and customer flows are growing in all K-food store chains. The expansion of our store network and store redesigns proceeded according to plans. We implemented our strategy by redesigning all of our chains, with the objective of offering the most customer-oriented and inspiring food stores in Finland. In the grocery trade, 2017 was a year of strong and successful transformation, resulting in increased market share, sales and profitability.
Our net sales grew in all divisions and profitability improved compared to the year before. The integration of our 2016 acquisitions – Suomen Lähikauppa, Onninen and AutoCarrera – has proceeded well, while at the same time, we have divested several businesses in the speciality goods trade, in accordance with our strategy. In 2017, we continued on the path of profitable growth by focusing on our three core businesses: the grocery trade, the building and technical trade and the car trade. Return on equity, comparable, %, rolling 12 months Return on capital employed, comparable, %, rolling 12 months However, investments in store openings and redesigns, in the expansion of logistics operations, and in digital services will burden profitability during the period.Ĭash flow from operating activities per share, € The comparable operating profit for the next 12-month period is expected to exceed the level of the preceding 12 months. Due to divestments and restructuring, Kesko Group's net sales for the next 12 months are expected to fall below the level of the previous 12 months. In comparable terms, the net sales for the next 12 months are expected to exceed the level of the previous 12 months.The Board's proposal for dividend is €2.20 per share.Comparable earnings per share were €2.28 (€2.01).Comparable profit before tax was €300.1 million (€271.4 million).Comparable return on capital employed was 12.2% (11.9%).Operating profit was €324.6 million (€146.8 million).Comparable operating profit was €296.7 million (€272.9 million).The Group's net sales in January-December totalled €10,676 million (€10,180 million), an increase of 4.9%, or 1.8% in comparable terms.
SDG 16 Peace, justice and strong institutions SDG 12 Responsible consumption and production SDG 11 Sustainable cities and communities SDG 9 Industry, innovation and infrastructure Statement of commitment on human rights and impact assessment
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