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KESKO SEEKS GROWTH IN ALL ITS THREE BUSINESS DIVISIONS SEB NORDIC LARGE CAP SEMINAR 18.8.2026 Jorma Rauhala President and CEO Kesko Oyj
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2 KESKO SEGMENT KEY FIGURES Grocery trade €6,533m Car trade €1,383m Building and technical trade €4,976m Car trade €78.1m 5.6% €678.7m 5.3% NET SALES OPERATING PROFIT Q2/2026, rolling 12 months, division figures include common functions and eliminations Grocery trade €423.0m 6.5%€12,866m Building and technical trade €201.7m 4.1% Comparable figures
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3 Q2 HIGHLIGHTS # Kesko’s net sales grew and profit improved, performance in technical trade particularly strong # Grocery trade continued to gain market share, profitability good despite investments # Building and technical trade profit grew markedly, driven by technical trade, good development seen also in building and home improvement trade # Car trade sales development good, driven by used cars; strong order book for new cars set to translate into sales in H2 # Kesko’s biggest ever acquisition, comprising the technical trade operations of Dahl in Sweden, Norway and Denmark, is proceeding according to plans # The crisis in the Middle East did not have significant impacts in Q2, impacts in H2 expected to be moderate # We estimate that Kesko’s operating environment, net sales, and comparable operating profit will improve in 2026
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KESKO’S GROWTH STRATEGY 4 VISION BUSINESSES COMPETITIVE ADVANTAGES STRATEGIC TARGETS PURPOSE THE LEADING AND MOST ATTRACTIVE TRADING SECTOR GROWTH COMPANY IN NORTHERN EUROPE GROCERY TRADE BUILDING AND TECHNICAL TRADE CAR TRADE TOWARDS BETTER TRADE EVERY DAY DELIVERING PROFITABLE GROWTH STRENGTHENING MARKET POSITION ENGAGING PEOPLE TO DRIVE CUSTOMER VALUE BUILDING A FOCUSED B2C AND B2B BUSINESS PORTFOLIO K-RETAILERS & COMMERCIAL SPIRIT FORERUNNER IN SUSTAINABILITY TRUSTED K BRAND OMNICHANNEL CUSTOMER EXPERIENCE OPERATIONAL EXCELLENCE PEOPLE PRINCIPLES CUSTOMER ALWAYS FIRST SALES AND GROWTH IN MIND POSITIVE GET THINGS DONE ATTITUDE STRONGER TOGETHER FAIR PLAY ENHANCING AI AND TECHNOLOGY CAPABILITIES
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KESKO ANNOUNCED ON 15 JUNE 2026 IT WILL ACQUIRE DAHL’S OPERATIONS IN SWEDEN, NORWAY AND DENMARK TO STRENGTHEN ITS TECHNICAL TRADE 5 • Kesko has agreed to acquire the technical trade operator Dahl’s companies in Sweden, Norway and Denmark from Saint-Gobain • The combined net sales of the businesses to be acquired totalled some €2.1 billion and EBITDA (IFRS) €146 million in 2025 • The illustrative combined net sales for Kesko’s building and technical trade and the businesses to be acquired would have been approx. €6.8 billion in 2025 • The businesses have an iconic brand, good market positions and strong own brands, modern automated central warehouses, extensive store networks, and digital sales channels • Kesko has a strong track record in technical trade with Onninen • Decisions regarding the final capital structure have not yet been made, and are estimated to be determined during Q3 • Competition authorities have begun their process, the acquisition is estimated to be finalised by the beginning of 2027
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6 KESKO TO BECOME A LEADING TECHNICAL TRADE OPERATOR Division’s long-term profitability target 6-8% Kesko’s net sales (2025): €12.5 billion Kesko’s illustrative net sales combined with DAHL Sweden, Norway and Denmark (2025): € 14.5 billion Kesko’s technical trade illustrative net sales combined with DAHL Sweden, Norway and Denmark (2025): € 4.4 billion € Million 2 285 2 472 6 447 1 365 -23 Technical trade Home improvement Grocery trade Car trade Common operations and eliminations 12 475 4 353 2 472 6 447 1 365 -23 Technical trade Home improvement Grocery trade Car trade Common operations and eliminations 14 543 1 122 1 0561 117 533 378 154 Finland Sweden Norway Denmark Poland Baltics 4 360 € Million € Million Kesko’s Building and Technical Trade segments do not include inter-company eliminations.
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