With S-Group continuously building new brick-and-mortar stores, it cannot help but affect S-Group’s market share growth. Tomorrow, it seems another new Prisma will open; I wonder if it’s in Orimattila.
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S-Group continues to grab market share
S-Group’s share of the grocery market is already approaching the 50 percent threshold | HS.fi
price + S-bonus a killer combination in the market
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K Group has improved its approach regarding Plussa money. At the beginning of the month, when you use Plussa, the terminal asks if you want to use Plussa money. So, using Plussa money is simple nowadays. This means they haven’t ‘rested on their laurels’. Also, that ‘activate the offer of the month’ is a pretty good marketing trick. At the general meeting, the CEO’s review was quite excellent. Remember especially Denmark, where the whole country has been ‘conquered’.
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More good news. Looks good for hardware stores:
According to Statistics Finland, 34 percent more transactions for old apartment and terraced house dwellings were made through real estate agents in February than a year earlier. Demand is thus recovering.
An owner of an old apartment usually at least somewhat decorates their “new apartment”. When moving, old “junk” is thrown into a skip, and a new beginning in a new home “requires” fixing up. Some even start a bathroom/kitchen renovation. The path leads to K-rauta.
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Again positive news for K-rauta. Purchases are shifting to K-rauta.
Northern hardware store giant bankrupt
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Kesko’s silent period began today; we will start compiling the figures for the interim report to be published on Tuesday, April 29. We have compiled the most important topics and news from the past quarter into the investor blog. This includes topics such as grocery trade market shares, Danish acquisitions, and the development of the used car business. Happy reading!
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Quite a surprise that I already received a dividend from Kesko today! However, it hasn’t arrived for the company. Was it due to that Telia mess or what? Official payment date 2.4.
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An even bigger surprise was this morning when I noticed that in addition to yesterday’s dividend, another similar dividend had arrived in the account today. Stora Enso’s dividend came in the same way twice. I cannot assess which party has messed up here.
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So it seems a 2x dividend has arrived, yesterday and today. The same thing happened with Kreate’s dividend last year, meaning it came in double, it will be taken out of your account, don’t worry 
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Same surprise here. The dividend landed in the account yesterday and again today.
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It hasn’t come through even once in OP yet. Is it dependent on the broker, or what? Mandatum arrived today.
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I also received Kesko’s dividends twice, this securities account is with Nordea.
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Has anyone read that, was there anything special in it, since it’s behind a paywall?
Here’s IS’s article on the subject without a paywall:
Business operations involve entrepreneurial risk, and now that risk materialized.
For a K-Market, the company’s turnover has developed quite well, the revenue volume is quite acceptable for a market, and profit has also been generated. It’s hard to say what’s behind the final outcome.
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It should be clear from that article.. Costs have risen more than what is gained from operations. In addition, the entrepreneur has had to lay off staff and compensate for these layoffs by working long hours.. And that new K-market certainly won’t increase sales.. So, it’s time to call it quits before burnout and sales completely collapse.
“The application states that the company’s assets amount to approximately 529,000 euros and its debts to approximately 409,650 euros. Operations have turned unprofitable, and the applicant is unable to pay debts as they fall due.”
Rahmani renovated the K-Market Huhtatori property he owns a little over two years ago. The renovation included replacing all refrigeration equipment. This cost well over 100,000 euros.
“I made these investments with the company’s money. We no longer have capital to run operations properly; instead, we have had to take on debt.”
FR Kauppakonserni has outstanding payments, and the company has also received payment orders (trattoja). He has negotiated his situation with Kesko.
“Negotiations have been attempted at the chain level, but no real agreement has been reached.”
On top of all this, Kesko plans to build a new Supermarket near K-Market Huhtatori.
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Domestic retail sector players seem to be among the few now who do not immediately/directly suffer from new tariffs. Of course, if inflation runs wild, there are no winners.
In the coming days, even retail sector stocks will surely go down the drain, and there will certainly be buying opportunities.
Edit. The stock has surprisingly held its price well; perhaps the fall in Euribor rates has its own added spice. Today, Euribor rates again saw a downward dip.
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Consumer confidence data from last week for March. It does not yet predict a significant change for the better in the (hardware) trade.
It can also be anticipated that with the trade war in April, consumer confidence will not provide the best start to Q2…
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The Confederation of Finnish Construction Industries today released its spring economic outlook for the Finnish construction market, whose growth forecasts showed no changes at first glance. The market forecasts are roughly in line with our Kesko Building and Technical Trade (RT-kauppa) forecasts, but the biggest risk is likely related to the market recovery predicted for H2, considering, for example, the indirect effects of a potential trade war on the economy. Based on the beginning of the year, the Building and Technical Trade (RT-kauppa) has progressed according to forecasts, and the growth outlook should be good, at least for the hardware store (Rautakauppa) segment. Next week, the March sales figures will be released, after which a preliminary update is expected again.
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For those interested in the industry, McKinsey published its annual European grocery retail report. Interesting themes include low market volume growth, private labels, market consolidation, digitalization, and retail media.
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It would be interesting to hear Inderes’ view on the development of construction in Denmark, which is now quite an important area for Kesko, and also how things are going in Poland. As far as I understand, construction has picked up quite well in these areas.
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