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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 %4.1 %5.0 %
P/E (adj.)18.019.516.5
EV/EBITDA9.19.48.4

Forum discussions

Here is Riku-Matti Pakkanen’s (Note: “Akkasen” is a typo in the original text, but translates properly) article on how MTK requested an investigation...
yesterday
by Sijoittaja-alokas
4
For Kauppalehti subscribers, a report on Danish hardware stores: Keskon rautakauppa kasvaa hurjaa vauhtia – Kauppalehti kävi Tanskassa selvitt...
9/25/2026, 8:13 AM
by Kesko IR
22
Here are Arttu’s brief comments on the approval of the Dahl acquisition Inderes – 25 Sep 26 Keskon Dahl-yrityskaupalle vihreää valoa viranomaisilta...
9/25/2026, 5:07 AM
by Sijoittaja-alokas
10
And the Dahlin acquisition has been approved… Well then, now we just wait and see how the financing is arranged Inderes K-ryhmä: Euroopan komissio...
9/24/2026, 3:09 PM
by "Anonyymisti aito"
47
I’ll continue roasting Kesko a bit, as another great opportunity to do so came up while reading the news. Tärkeimmät talousuutiset | Kauppalehti...
9/24/2026, 6:59 AM
by TTTT
20
Personally, I don’t understand why it wouldn’t be possible to achieve synergies. Is some mystical force preventing, for example, affordable ...
9/18/2026, 8:07 AM
by Pro Perty
12
That KL article is based on Jorma’s interview at Pörssisijoittajan viikko (Stock Investor’s Week), so if you want, you can listen with your ...
9/18/2026, 7:55 AM
by Kesko IR
15