Kesko Group has recorded first-quarter sales dipped 11.4 per cent year-on-year to E2.02bn (£ 1.96bn). The grocer’s underlying operating profit for the quarter fell by more than 90 per cent to E3.4m (£3m), from E36.6m (£32.6). At its food arm sales rose 4 per cent. However, sales at its home and speciality goods arm dropped 5 per cent.
Kesko said full-year operating profit will be below the previous year and the outlook for the near future “remains dim”.