Here are Arttu’s quick comments on Kesko’s Q3 results ![]()
Kesko reported a good Q3 result compared to expectations, clearly up from the comparison period. The result increased year-on-year, driven particularly by strong performance in the building and technical trade. At the same time, Kesko raised the lower end of its guidance. The Q4 earnings level indicated by the guidance is somewhat cautious relative to current estimates. In its typical fashion, the company also provided its outlook for financial year 2027, which at first glance appeared as positive as expected. The stronger-than-forecast Q3 result and the softer-than-expected Q4 guidance will likely not lead to significant estimate revisions for the current year. In any case, the positive 2027 outlook provides support for forecasts expecting earnings growth going forward.