Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

EARNINGS POLL-Finnish retailer Kesko profits seen falling

Published 01/30/2009, 08:27 AM
Updated 01/30/2009, 08:32 AM
KESKOB
-
SEBF
-

* Kesko Q4 results

* Feb 5, 0700 GMT

* Q4 EBIT seen at 57 million euros ($73.23 million)

HELSINKI, Jan 30 (Reuters) - Finnish retailer Kesko is expected to report a 21 percent year-on-year fall in underlying fourth-quarter operating profit as consumer spending dries up, a Reuters poll of 12 analysts showed.

Adjusted earnings before interest and tax were seen falling in October-December to 57 million euros, from 72 million in the year-earlier period.

Four of the analysts who disclosed their views on the stock were positive, while five were negative, and one was neutral.

Figures in millions of euros unless stated.

Q4

Mean Median High Low No. Yr ago Net sales 2,352 2,345 2,384 2,315 9 2,390 EBIT adj. 57 58 71 45 12 72 EBIT 57 58 71 45 12 68 Pretax 56 56 70 43 11 66 Net result 38 37 53 26 9 38 EPS (eur) 0.38 0.37 0.54 0.26 11 0.39 NRI 0 0 0 0 12 -4

FY2008

Mean Median High Low No. Yr ago Net sales 9,616 9,609 9,648 9,579 9 9,287 EBIT adj 246 248 261 234 12 315 EBIT 328 337 350 237 12 322 Pretax 329 337 352 242 11 358 Net 262 261 277 250 9 285 EPS (eur) 2.66 2.66 2.82 2.54 11 2.90 Div/sh(eur)1.49 1.60 1.70 1.20 10 1.60 NRI 89 89 89 89 12 7 FY08 consensus figures include non-recurring gains of 89 million euros in EBIT level and on down.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

FY2009

Mean Median High Low No. Net sales 9,249 9,320 9,594 8,865 10 EBIT adj. 187 195 248 130 11 EBIT 187 195 248 130 11 Pretax 186 185 253 129 10 Net result 124 123 167 84 8 EPS(eur) 1.26 1.28 1.70 0.85 9 Div/sh(eur)1.23 1.20 1.80 0.80 9

NOTES:

- "No." denotes the number of estimates.

- "NRI" = non-recurring items.

- Analysts from the following banks and brokerages contributed to this poll: ABG Sundal Collier, Carnegie, Danske Bank, EQ Bank, Evli, FIM, Goldman Sachs, Handelsbanken Capital Markets, JP Morgan, Pohjola, SEB Enskilda and SP Equity Research.

- Data for Reuters Nordics earnings polls compiled by Inquiry Financial Intelligence. For more details on the data, please click on www.ConsensusEstimates.com. (Reporting by Helsinki Newsroom; Editing by Andrew Macdonald)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.