Kesko
| Kesko Oyj
|
|
|---|---|
 |
|
| legal form | Corporation |
| ISIN | FI0009000202 |
| founding | 1940 |
| Seat |
Helsinki , Finland
|
| management | |
| Number of employees | 20,852 |
| sales | 10.72 billion euros |
| Branch | retail trade |
| Website | www.kesko.fi |
| As of December 31, 2019 | |
The Kesko Oyj (international: Kesko Corporation ) is a trading company based in Kesko in Helsinki , which in Finland and North Eastern Europe retail chains operates with more than 1,800 shops to sell food, building and home improvement materials, leisure and sports equipment, as well as cars.
The Kesko Group consists of the three business areas of food trade, construction and technical trade, and car trade. She works in Finland, Sweden , Norway , Estonia , Latvia , Lithuania , Poland and Belarus . Kesko is listed on the Helsinki Stock Exchange in the OMX Helsinki 25 stock index.
At the end of 2019, the group had 118 subsidiaries - the largest of which are K-Market Oy (food trade), Onninen Group, Byggmakker Group, K-Bygg Group, Kesko Senukai Group (construction and technical trade) and K-Auto Oy (car trade).
In the Finnish food retail sector , the K-Gruppe had a market share of 36.7% in 2019, making it the second largest retailer there. The main competitor there is the retail company S-Group .
history
Kesko was founded in October 1940 shortly after the end of the Winter War , when four regional wholesalers merged. The wholesaler began operating across Finland at the beginning of 1941; the early years were overshadowed by the Continuation War from June 1941 to September 1944 . After the war, Kesko grew in the course of urbanization , structural change in the Finnish economy and the rise in general living standards.
In order to meet the demand for goods, Kesko set up its own production companies such as a coffee roastery , grain mills , slaughterhouses and a match factory . The nationwide network of K-markets grew in the 1960s and the branches began to specialize more and more in groceries. With the automation of the 1970s, hypermarkets came to Finland, the first K-Citymarket was founded in Lahti in 1971 .
The activities in Russia that began in 2005 were discontinued in 2016 (grocery stores) and 2018 (DIY stores).
Web links
Individual evidence
- ↑ a b c d e Annual Report 2019 (PDF; 8.06 MB) Kesko Oyj, March 5, 2020, accessed on April 29, 2020 (English).
- ^ History. Kesko Oyj, accessed May 8, 2020 .
- ↑ Kesko stops doing business in Russia. Press release from K-Rauta, Russia (Russian) ( Memento from February 27, 2018 in the Internet Archive )