Kesko Oyj — Earnings Release 2015

Dec 14, 2015

Kesko's sales increased in November

Kesko's sales increased in November

KESKO CORPORATION STOCK EXCHANGE RELEASE 14.12.2015 AT 09.00 1(2)

Kesko's sales increased in November

Kesko Group's sales in November 2015 totalled €675.4 million. In comparable
terms excluding Anttila, sales increased by 1.7% in local currencies.

"In November, Kesko's sales increased particularly in Finland in the building
and home improvement trade and in sports trade. In the grocery trade, sales
were at the level of the previous year and the general decline in prices
continued", says Kesko's President and CEO Mikko Helander.

In Kesko's grocery trade, sales in November were €378.7 million, an increase of
0.5% in local currencies.

In the home improvement and speciality goods trade, sales in November were
€239.1 million, and comparable sales excluding Anttila increased by 6.1% in
local currencies. In Finland, comparable sales were up by 8.7%. Outside
Finland, comparable sales grew by 3.7% in local currencies. In the building and
home improvement trade, sales increased by 6.1% in local currencies.

In the car trade, sales in November were €56.2 million, down 7.3% from the
previous year.

Kesko Group's sales in euros, excluding VAT, in November 2015:

                                      November 2015                Change, %
                                           €  Change     in local currencies
                                      millio     , %           excl. Anttila
                                           n

Grocery trade, total 378.7 -0.1 +0.5
Home improvement and speciality goods 120.0 -16.1 +8.7
trade, Finland
Home improvement and speciality goods 119.1 -4.3 +3.7
trade, other countries
Home improvement and speciality goods 239.1 -10.6 +6.1
trade, total
Car trade, total 56.2 -7.3 -7.3
Common operations and eliminations 1.4
Grand total 675.4 -4.2 +1.7

Finland, total 547.0 -4.4 +0.7
Other countries, total 128.4 -3.4 +5.8
Grand total 675.4 -4.2 +1.7

Kesko Group's sales in euros, excluding VAT, in January-November 2015:

                                          1.1. -                   Change, %
                                        30.11.2015                          
                                           €  Change     in local currencies
                                     million     , %           excl. Anttila

Grocery trade, total 4,250.8 -1.7 -0.9
Home improvement and speciality goods 1,639.3 -12.5 -1.2
trade, Finland
Home improvement and speciality goods 1,448.8 -3.5 +5.6
trade, other countries
Home improvement and speciality goods 3,088.1 -8.5 +2.1
trade, total
Car trade, total 707.7 -3.5 -3.5
Common operations and eliminations 7.6
Grand total 8,054.2 -4.3 0.0

Finland, total 6,512.2 -4.5 -1.8
Other countries, total 1,542.0 -3.4 +7.4
Grand total 8,054.2 -4.3 0.0

Change, %, indicates the change compared to the corresponding period of the
previous year.

In November 2015, the number of selling days in Kesko's wholesale in Finland
was 21, which was one more than in the previous year. The total number of
selling days in January-November was the same as in the previous year. The
number of retail selling days in November was 29, which was one more than in
the previous year. The total number of retail selling days in January-November
was the same as in the previous year.

Kesko releases advance information on the K-Group's retail sales quarterly, in
connection with interim reports.

Further information is available from Vice President, Group Controller Eva
Kaukinen, tel. +358 105 322 338.

Kesko Corporation

Merja Haverinen
Vice President, Group Communications

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www.kesko.fi