• View this page as PDF

    Print this page

    You can print the side-view by clicking on the printing icon. The print is in a pdf form.

  • Download Report

    Download report

    You can download the whole Corporate Responsibility Report 2012.

  • Add page to your report

    Save a page to your report

    You can create your own report by saving pages from the Corporate Responsibility Report.


    You will find the saved pages from the material bank.

    You have pages in the material bank.

    Go to the material bank.

  • Share

    You can share pages in the social media and send a link via e-mail.

  • Feedback


    All questions and feedback relating to the Corporate Responsibility Report can be sent to viestinta@kesko.fi. We will gladly answer your questions!


Kesko in brief

Kesko is a listed trading sector company domiciled in Helsinki, where the main office is also located. Kesko operates in the food trade, the home and speciality goods trade, the building and home improvement trade, and the car and machinery trade. Kesko manages retail chains and provides services for the retail chains’ purchasing, logistics, network development and information management. Kesko’s chain operations comprise some 2,000 stores in eight countries: Finland, Sweden, Norway, Estonia, Latvia, Lithuania, Russia and Belarus.


Kesko’s business operations

Kesko and K-retailers form the K-Group, whose retail sales totalled around €12 billion in 2012. The K-Group employs around 45,000 people.

In 2012, the Kesko Group’s net sales were €9,686 million, representing a growth of 2.4% compared to the previous year. International operations accounted for 18.2% of net sales, showing an increase of 9.0%. At the end of 2012, Kesko had 1,210 K-retailer entrepreneurs as partners.

Kesko’s owners

Kesko Corporation is a listed company whose shares are quoted on the NASDAQ OMX Helsinki Ltd Helsinki Stock Exchange. Kesko Corporation’s share capital is divided into A and B share series. At 31 December 2012, the company’s share capital totalled €197,282,584.

A shares accounted for 32.2% and B shares for 67.8% of all shares. Each A share carries 10 votes and each B share 1 vote. The votes attached to A shares accounted for 83% and the votes attached to B shares 17% of all votes attached to the shares.

The company’s 10 largest shareholders, calculated by number of votes, held 17.3% of all shares and 36.0% of all votes.

The company cannot vote with treasury shares (608,591 B shares). At the end of 2012, the market capitalisation of A shares was €774 million and that of B shares €1,644 million. The total market capitalisation was €2,418 million.

At the end of 2012, the number of shareholders was 44,554, which is 3,339 more than at the end of 2011.

Foreign ownership of all shares was 18% at the end of December. Foreign ownership of B shares was 27% at the end of December.


In 2012, the average number of Kesko personnel was around 19,741 (2011: 18,960), converted into full-time employees, and they work in eight countries: Finland, Sweden, Norway, Estonia, Latvia, Lithuania, Russia and Belarus, with 52% in Finland and 48% in the other countries. Approximately three quarters of all employees worked in retailing.

Compared to 2011, there was an average increase of 170 employees in Finland. Outside Finland, the increase was 611 compared to 2011.

Store site operations

The store site network is a strategic competitive factor for Kesko. It provides opportunities for developing business operations and increasing sales and customer satisfaction. Kesko’s division parent companies are responsible for their own store sites throughout their life cycles. The companies plan their own store site networks and, on the basis of their network and business plans, make capital expenditures in accordance with the Group’s real estate strategy. Opportunities for cooperation between the division parent companies are sought and leveraged in shopping centre projects.

Kesko’s real estate operations are based on the life cycle affordability and eco-efficiency of store sites. The aim is the lowest life cycle costs in the trading sector. Kesko makes capital expenditure only on properties needed in its own or supporting business operations.

At the end of 2012, the combined area of real estate and premises owned or leased by Kesko was 4,122,000 m². At the end of the year, the area of owned properties in Finland was 750,000 m² and in the other operating countries 355,000 m².

Suppliers and service providers

Kesko purchased products valued at around €8.1 billion, of which around 68% was from Finnish suppliers. Kesko had a total of around 21,700 active product and service suppliers, of which 10,600 were companies operating in Finland. The Group had 8,100 suppliers in its other operating countries and 3,000 in the rest of the world. The main countries from which goods were imported for operations in Finland were the Netherlands, Sweden, Germany and Denmark, and, outside the EU, China.

Customer groups

Kesko’s sales to retailer entrepreneurs accounted for 52% of the sales in 2012. Food retailers made around 92% of their purchases, home and speciality goods retailers around 96% and building and home improvement and agricultural retailers around 72% of their purchases via Kesko. K-retailers’ product purchases from local regional suppliers valued at €586 million. Kesko’s own retailing accounted for 26% of total sales. Kesko’s sales to professional customers contributed 22% to total sales.


kesko's operating countires


All divisions. Number of stores 1,535.

Sweden and Norway

Building and home improvement trade. Number of stores 127.

Baltic countries

Building and home improvement trade, machinery trade, furniture trade and distance sales. Number of stores 46.


Building and home improvement trade, food trade, sports trade, machinery trade. Number of stores 44.


Building and home improvement trade. Number of stores 9.