Kesko Oyj (KKOYF) Q1 2025 Earnings Call Transcript

2025-04-29 08:02:10 ET

Kesko Oyj (KKOYF)

Q1 2025 Earnings Conference Call

April 29, 2025 02:00 AM ET

Company Participants

Hanna Jaakkola - Vice President, Investor Relations

Jorma Rauhala - President & Chief Executive Officer

Sami Kiiski - President of Building & Technical Trade Division

Ari Akseli - President, Grocery Trade

Conference Call Participants

Calle Loikkanen - Danske BNK

Miika Ihamaki - DNB Markets

Rob Joyce - BNP Paribas Exane

Presentation

Hanna Jaakkola

Dear all, warmly, welcome virtually to Helsinki and thank you for tuning in for Kesko's Q1 2025 Release Call. Today's headline is stable performance during the slowest quarter of the year and it describes well the first quarter.

Our agenda today is the following; President and CEO, Jorma Rauhala, will first give the Q1 presentation. We have here together with us our Business Division Presidents, Ari Akseli for Grocery Trade; Sami Kiiski for Building & Technical trade; and Johanna Ali for Car Trade; as well as our CFO, Anu Hamalainen.

After Jorma's presentation, it is time for questions both by phone and via chat function. All the materials related to Q1 can be found at our web pages, kesko.fi under Investors. My name is Hanna Jaakkola responsible for IR at Kesko. I will be at your service after the presentation for questions and discussions.

But now Jorma, the virtual stage is yours please.

Jorma Rauhala

Thank you, Hanna. Ladies and gentlemen, welcome also on my behalf to this release call. I'm Jorma Rauhala and I have now the pleasure to present Kesko's Q1 results. Stable performance during the slowest quarter of the year is our headline. Yes, Q1 is seasonally the smallest quarter of the year and our performance was good despite the seasonality.

Now, I will give an overview of our business performance and open up elements behind the result. In the end, I'll present the guidance and outlook for 2025 and we are ready for the Q&A....

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