KKOYF - Kesko Oyj (KKOYF) Q4 2023 Earnings Call Transcript
2024-01-30 18:27:08 ET
Kesko Oyj (KKOYF)
Q4 2023 Earnings Conference Call
January 30, 2024 02:0 AM ET
Company Participants
Hanna Jaakkola - IR Director
Mikko Helander - President & CEO
Ari Akseli - President, Grocery Trade
Jorma Rauhala - Deputy CEO & President of Building & Technical Trade
Jukka Erlund - EVP & CFO
Sami Kiiski - President, Car Trade Division
Esa Kiiskinen - Chairman
Conference Call Participants
Fredrik Ivarsson - ABG Sundal Collier
Maria Wikstrom - SEB
Anna Schumacher - BNP Paribas Exane
Miika Ihamaki - DNB
Presentation
Operator
Welcome to the conference call. For the first part of the conference call, the participants will be in listen-only mode. [Operator Instructions]
Now, I will hand the conference over to the speakers. Please go ahead.
Hanna Jaakkola
Dear all, warmly welcome, and thank you for tuning in for Kesko's Full Year and Q4 2023 release call. My name is Hanna Jaakkola, I work as IR Director at Kesko. We have a slightly enhanced agenda today as this is the last time we had the honor of having President and CEO, Mikko Helander, with us before his well-deserved retirement.
Jorma Rauhala, currently Deputy CEO and President of Building and Technical Trade has been appointed by the Board of Directors, President and CEO of Kesko as of 1st of February '24 as Mikko retires. We had the great pleasure of having our Chairman, Esa Kiiskinen here with us today to introduce Jorma and to give some background thoughts behind the appointment.
So first, Mikko will give the full year Q4 presentation. As always, we have here together with us, our Business Division Presidents, Jorma Rauhala, Ari Akseli, and Sami Kiiski, as well as CFO, Jukka Erlund. After the presentation, it is time for questions both by phone and via chat. And after the Q&A session, the Chairman of the Board, Esa Kiiskinen will give his presentation.
But now, Mikko, the virtual stage is yours, please.
Mikko Helander
Thank you, Hanna. Ladies and gentlemen, welcome also on my behalf to this release call. Today's headline is a good result from all divisions, and it describes well our year. Now I will first give an overview of our business performance in 2023 and then the fourth quarter. After the presentation, we will be happy to take your questions. Kesko's profit-making ability is excellent. Operating profit, EUR712 million is a good result in a weak cycle. As you can see in the graph on the right, the result and profitability has risen to a new level....
Kesko Oyj (KKOYF) Q4 2023 Earnings Call Transcript