Kesko ups revenue and expands in Russia

2012-02-13



Finnish company Kesko increased its net sales within the DIY sector in Russia by 18.2% in Russian currency in January-December 2011 and by 16.1% year on year in Q4 2011. Year-on-year sales in its DIY retail chain K-Rauta, operated by Stroymaster, grew by 16.4% to €237m ($315m) in 2011, with new K-Rauta stores opening in St. Petersburg and Moscow.

Kesko is expanding its business operations in Russia in building and home improvement and in the sportswear trade (under Intersport brand). As Retail Update Russia reported last year, Kesko will open its first food stores in Russia under K-citymarket banner in 2012-2013. In addition, one K-Rauta is being built and two further sites were acquired for new K-Rauta stores in Moscow.