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By
Reuters
Published
Apr 24, 2014
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Finland's Kesko misses expectations in first quarter

By
Reuters
Published
Apr 24, 2014

HELSINKI, Finland - Finnish retailer Kesko on Thursday announced lower-than-expected quarterly earnings amid weaker consumer demand in the Nordic country.

Finland's second-biggest retailer's first-quarter adjusted operating profit stood flat from a year ago at 19 million euros ($26 million), missing analysts' average expectation of 22 million euros in a Reuters poll.

Kesko gave a similar outlook for the next 12 months as in February, expecting flat sales and adjusted operating profit.

$1 = 0.7231 Euros

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