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74 <strong>Kesko's</strong> <strong>year</strong> <strong>2007</strong><br />
In Sweden, the net sales of K-rauta AB increased by 10.2% to €42.3<br />
million in October-December. In Estonia, Rautakesko's net sales were up<br />
by 11.9% to €21.8 million. In Lithuania, the net sales of UAB Senuku<br />
Prekybos Centras (Senukai), in which Rautakesko has a majority interest,<br />
increased by 35.6% to €139.9 million, of which the contribution of the<br />
Belorussian OOO OMA, acquired by Senukai in July, was €15.4 million. In<br />
Latvia, Rautakesko's net sales increased by 13.3% to €21.4 million. In Russia,<br />
Stroymaster's net sales grew by 32.8% to €42.3 million. In Norway,<br />
Byggmakker's net sales grew by 8.2% and were €155.4 million.<br />
In January-December, Rautakesko’s net sales amounted to €2,537.3<br />
million, an increase of 19.2%. The contribution of acquisitions excluded,<br />
the net sales growth was 17.7%. Net sales in Finland were €909.3 million,<br />
an increase of 10.7%. The net sales of foreign subsidiaries were €1,625.0<br />
million, up 24.4%. Foreign subsidiaries contributed 64.0% to Rautakesko’s<br />
net sales.<br />
Divisions’ net sales by quarter, continuing operations<br />
In Sweden, in January-December, the net sales increased by 19.3% to<br />
€184.3 million. In Estonia, the net sales were up by 24.7% to €92.1 million.<br />
The net sales of Senukai, operating in Lithuania, increased by 34.9%<br />
to €485.8 million, of which the contribution of its Belorussian subsidiary,<br />
OOO OMA, was €32.3 million. In Latvia, the net sales increased by<br />
40.0% to €84.8 million. In Russia, Stroymaster’s net sales grew by 47.4%<br />
to €150.6 million. In Norway, the net sales grew by 12.9% and were €617.7<br />
million.<br />
In October-December, Rautakesko’s operating profit excluding nonrecurring<br />
items was €21.9 million (3.5% of net sales), i.e. €5.4 million, or<br />
0.5 percentage points more than in the previous <strong>year</strong>. Rautakesko’s operating<br />
profit for October-December was €22.1 million (€16.5 million). During<br />
the review period, one store was opened in St. Petersburg.<br />
In January-December, Rautakesko’s operating profit excluding nonrecurring<br />
items was €115.9 million (4.6% of net sales), i.e. €24.8 million,<br />
€ million 10–12/2006 1–3/<strong>2007</strong> 4–6/<strong>2007</strong> 7–9/<strong>2007</strong> 10–12/<strong>2007</strong><br />
Kesko Food 971 883 983 959 1,046<br />
Rautakesko 541 534 687 694 622<br />
VV-Auto 152 248 218 195 144<br />
Anttila 185 120 111 143 189<br />
Kesko Agro 206 168 216 196 213<br />
Other operating activities 257 248 259 243 248<br />
Common operations and eliminations -7 -7 -9 -9 -8<br />
Group's net sales 2,304 2,193 2,464 2,421 2,455<br />
Divisions’ operating profits by quarter, including non-recurring items<br />
€ million 10–12/2006 1–3/<strong>2007</strong> 4–6/<strong>2007</strong> 7–9/<strong>2007</strong> 10–12/<strong>2007</strong><br />
Kesko Food 36.9 29.2 40.9 41.2 40.0<br />
Rautakesko 16.5 18.6 37.6 39.5 22.1<br />
VV-Auto 1.5 11.7 8.1 6.8 -0.5<br />
Anttila 21.4 -0.9 0.1 6.3 21.6<br />
Kesko Agro 0.3 -0.6 7.9 3.5 2.1<br />
Other operating activities -17.4 10.7 10.1 5.3 -4.9<br />
Common operations -21.6 -6.1 -1.6 -7.3 -9.5<br />
Group's operating profit 37.6 62.4 103.2 95.4 70.8<br />
Divisions’ operating profits excl. non-recurring items by quarter, continuing operations<br />
€ million 10–12/2006 1–3/<strong>2007</strong> 4–6/<strong>2007</strong> 7–9/<strong>2007</strong> 10–12/<strong>2007</strong><br />
Kesko Food 37.0 29.0 41.4 41.1 39.8<br />
Rautakesko 16.5 16.3 38.7 39.0 21.9<br />
VV-Auto 1.5 11.7 8.1 6.8 -0.5<br />
Anttila 21.4 -0.9 -1.8 6.3 21.6<br />
Kesko Agro 0.3 -0.6 7.9 3.0 2.1<br />
Other operating activities 2.7 10.6 9.9 5.3 -1.9<br />
Common operations -8.0 -6.3 -7.5 -7.6 -8.5<br />
Group's operating profit 71.4 59.8 96.8 94.0 74.5