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Kesko

21.14 EUR

-1.77 %

15,575 following

KESKOB

NASDAQ Helsinki

Retailers

Consumer Goods & Services

-1.77 %
+7.26 %
+9.82 %
+16.22 %
+9.31 %
+18.96 %
+4.45 %
-2.22 %
+688.04 %

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.

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Market cap
8.46B EUR
Turnover
9.69M EUR
P/E (adj.) (26e)
18.31
EV/EBIT (adj.) (26e)
17.14
P/B (26e)
2.9
EV/S (26e)
0.93
Dividend yield-% (26e)
4.49 %
Coverage
Recommendation
Accumulate
Target price
22.00 EUR
Updated
06.02.2026
Arttu Heikura
Arttu Heikura

Analyst

Latest research

Latest analysis report

Released: 06.02.2026

Revenue and EBIT-%

Revenue B

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
26.3
2026

General meeting '26

27.3
2026

Quarterly dividend

29.4
2026

Interim report Q1'26

Risk
Business risk
Valuation risk
Low
High
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Kesko's salg i december steg markant
Analyst Comment by
Arttu Heikura

Kesko's salg i december steg markant

Kesko's omsætning steg med 9 % i december. Den organiske vækst udgjorde 6 %. Vækst blev genereret fra alle forretningsområder, men var stærkest inden for byggemarkedshandlen.

Kesko
Forum discussions
Kesko’s 2025 financial statement release is out: Kesko’s comparable operating profit improved and net sales grew across all divisions in 2025. An earnings turnaround was seen towards the end of the year as the third-quarter results improved, and growth continued in the fourth quarter...
2/5/2026, 6:02 AM
by Kesko IR
84
It’s been quiet here since the results. Here are our thoughts on Q4 and the 2026 guidance. The outlook seems relatively positive, especially looking toward 2027. For this reason, we maintained a positive view, even though the valuation multiples for the current year are quite tight...
2/6/2026, 6:54 AM
by Arttu Heikura
28
Here are Arttu’s comments on Kesko’s January. Kesko’s sales rose by 4% in January. Organic revenue grew by 1%. The growth was driven by all divisions. January’s performance slightly exceeded our group-level forecasts. For now, the situation does not warrant an immediate need for ...
2/13/2026, 7:49 AM
by Sijoittaja-alokas
15
Arttu Heikura interviewed Kesko’s President and CEO Jorma Rauhala in honor of the Q4 results Inderes Kesko Q4'25: Kasvua kaikilla toimialoilla - Inderes Aika: 05.02.2026 klo 14.45 Kesko onnistui kasvattamaan liikevaihtoa kaikilla toimialoilla. Yhtiön kasvustrategian onnistunut toteutus...
2/5/2026, 2:59 PM
by Sijoittaja-alokas
15
Good overview. Personally, I see Kesko as an internationalization story. Of course, it is interesting and important that the market share battle at home is going well. But if internationalization succeeds, there is potential for almost anything here. In my opinion, Kesko is at a ...
2/8/2026, 9:32 AM
by Hawkmountdiver
13
OP, for its part, lowered the target price to 21 euros from the previous 21.5 euros and moved from an ‘add’ recommendation to ‘reduce’. The guidance is only marginally better than the guidance at the beginning of last year. During Rauhala’s tenure, there has been a bit of a tendency...
2/6/2026, 7:02 AM
by JuhaR
13
I would argue that you have a habit of spinning all news into something positive for your investments and that absolutely no retail chain will benefit from that reform. Since Kesko often has a larger price gap between private label products and brand products compared to, for example...
2/4/2026, 6:59 PM
by JuhaR
11
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