Kesko Oyj (KESKOB) Earnings Call Transcripts

Kesko Oyj's Latest Earnings Call - June 15, 2026

In the second quarter of fiscal year 2026, Kesko Oyj announced a significant acquisition of Dahl's operations in Sweden, Norway, and Denmark, marking the largest acquisition in its history at a transaction price of EUR 1.2 billion. This strategic move is expected to enhance Kesko's position in the Nordic technical trade market, with the combined net sales of the acquired businesses totaling approximately EUR 2.1 billion and EBITDA of EUR 146 million. Management expressed confidence in achieving a long-term net sales target of EUR 20 billion by the early 2030s, supported by favorable market megatrends and synergies from the acquisition.

Reported metrics

Guidance from management

Kesko aims to achieve net sales of approximately EUR 20 billion in the early 2030s, supported by the acquisition of Dahl and a focus on growth in the technical trade sector. The company plans to maintain its net debt-to-EBITDA ratio below 2.5 during this transition.

What management said

Welcome to this special briefing. Just a moment ago, Kesko announced that it will acquire Dahl's operations in Sweden, Norway and Denmark from the French company, Saint-Gobain. Through the transaction, Kesko will significantly strengthen its position in technical trade business in the Nordics. But without further ado, I will hand over to President and CEO, Jorma Rauhala. Please, Jorma, the stage is yours.

Thank you, Jorma, for your presentation. Yes, it's time for questions. Please ask your questions using the chat function. There's a slight delay if you ask a question before I see it. But now it's a perfect time for that. I will ask one question, which I got before. Can you describe what's the difference between Dahl and Onninen and what is difference between technical trade and building and home improvement trade, j...

What analysts pressed on

Analysts raised questions regarding the integration of Dahl's operations and potential profitability improvements. There were concerns about the competitive landscape and whether the acquisition would lead to meaningful synergies, especially given the current market conditions.

Main topics on the call

• Strategic Acquisition of Dahl — Kesko announced the acquisition of Dahl's operations, which will significantly strengthen its technical trade business in the Nordics. CEO Jorma Rauhala stated, "This acquisition will take us to the next level in the gro...
• Financial Impact of Acquisition — The acquisition is expected to enhance Kesko's financial position, with a projected increase in net sales to nearly EUR 10 billion in the early 2030s. The transaction is valued at EUR 1.2 billion, with a focus on maintai...
• Market Growth Potential — Management highlighted the significant growth potential in the technical trade sector, driven by megatrends such as urbanization and renovation building. Rauhala noted, "There is a significant growth potential in technic...
• Integration Strategy — Kesko plans to integrate Dahl's operations while maintaining their brand identity, focusing on sourcing and IT synergies. Rauhala emphasized, "We shouldn't disturb that business," indicating a careful approach to integra...

Read the full Kesko Oyj transcript (June 15, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 36 Kesko Oyj earnings call transcripts on record, spanning February 5, 2020 to July 22, 2026. Based on this history, Kesko Oyj reports quarterly. The most recent call on file is dated July 22, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

KESKOB

Exchange

HLSE

Country

FI

Sector

Consumer Staples

Industry

Consumer Staples Distribution and Retail

Calls on record

36

First call

February 5, 2020

Most recent

July 22, 2026

Reporting cadence

quarterly