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Grønt lys fra myndighederne til Kesjos opkøb af Dahl

KESKOBAnalyst Comment25.09.2026, 06.35
Arttu HeikuraAnalyst
Discuss

Automatisk oversættelse: Oprindeligt udgivet på finsk 25.9.2026, 04.35 GMT. Giv feedback her.

Kesko meddelt i en meddelelse torsdag, at Europa-Kommissionen betingelsesløst har godkendt virksomhedsovertagelsen, hvor selskabet opkøber Dahl, der er fokuseret på teknisk engroshandel, i Sverige, Norge og Danmark. De øvrige nødvendige myndighedsgodkendelser er allerede opnået tidligere. Gennemførelsen af handlen forudsætter blot opfyldelsen af andre sædvanlige betingelser, hvoraf nogle sandsynligvis relaterer sig til finansieringsmåden for handlen. Kesko vurderer, at opkøbet vil blive gennemført inden udgangen af 2026. Vi vil føje opkøbet til vores estimater i forbindelse med dets gennemførelse, hvor vi også forventer, at den endelige finansieringsmåde og skala vil være nogenlunde på plads. Vi har tidligere kommenteret handlen her og mere omfattende dens økonomiske virkninger for koncernen her.

Kesko operates in the retail sector. The company offers services primarily aimed at the food, construction and technology industries. The largest activities are found in the development of store concepts, channel sales, e-commerce sites and business models. The majority of operations are found in the Nordic and Baltic markets. The head office is located in Helsinki.

Read more on company page

Key Estimate Figures23.07

202526e27e
Revenue12,474.613,194.113,788.9
growth-%4.7 %5.8 %4.5 %
EBIT (adj.)655.0706.3811.5
EBIT-% (adj.)5.3 %5.4 %5.9 %
EPS (adj.)1.071.181.39
Dividend0.900.951.15
Dividend %4.7 %4.0 %4.8 %
P/E (adj.)18.020.217.1
EV/EBITDA9.19.68.6

Forum discussions

This announcement came out earlier today, nothing much to it I suppose. Inderes Kesko Oyj: Arvopaperimarkkinalain 9 luvun 10 pykälän mukainen...
4 hours ago
by Sijoittaja-alokas
2
Here is Arttu’s pre-earnings report ahead of Kesko’s earnings announcement on Thursday, October 29. We expect the Group’s earnings improvement...
10/15/2026, 4:59 AM
by Sijoittaja-alokas
11
Here are Arttu’s comments on Kesko’s September. Kesko’s sales grew by 5% in September. The growth was entirely organic and driven by each of...
10/14/2026, 6:06 AM
by Sijoittaja-alokas
36
Kesko Keskon myynti syyskuussa
10/14/2026, 5:08 AM
22
Presumably, the main owners’ will is what it is. And indeed, not everyone pays taxes on dividends, so taxation isn’t the same kind of issue ...
10/9/2026, 1:15 PM
by Paapaa
8
It might certainly be more suitable for someone that way, but wouldn’t it make sense to vote on it and act in accordance with the shareholders...
10/9/2026, 1:09 PM
by Raharambo
0
From one perspective, that’s the way it is. From another perspective, cash flow needs to come in, they aren’t going to put more money into the...
10/9/2026, 1:00 PM
by Mukava valkku
15