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2015-05-28

Kesko Oyj: Kesko opened the seventh K-ruoka store in Russia

KESKO PRESS RELEASE 28.05.2015 AT 14.30 1(1)

Kesko today opened a new K-ruoka store at Krikkovskoye Shosse 69 in Kingisepp
in the Leningrad Oblast.

The K-ruoka store is the chain's seventh store. It is located on a property
owned by Kesko in the steadily developing city of Kingisepp, around 110 km
from downtown St. Petersburg. Russia's largest port, Ust Luga, is one of the
building projects in the city area. There are around 80,000 residents within
the catchment area of the store now opened.
According toKari Heiskanen
, Kesko Food's Country Director for Russia, the economic situation in Russia
has not had a significant impact on the operations of the K-ruoka stores.
- Our concept has proved to be very competitive. Customers value the concept
that focuses on freshness, good quality and Finnish products. Based on the
good experiences, we will continue the implementation of our strategy for
Russia, while naturally carefully considering every new capital expenditure.
The next K-ruoka store now being built will open in June.
Further information
is available from Kesko Food's Country Director for Russia, Kari Heiskanen,
tel. +7 812 331 7723.
Kesko (www.kesko.fi) is a highly valued listed trading sector company. It
manages retail store chains that are valued by customers and efficiently
produces services for retail store chains' purchasing, logistics, network
development and data management. Kesko operates in the grocery trade, the
home improvement and speciality goods trade and the car and machine trade.
Its division parent companies and chains act in close cooperation with
retailer entrepreneurs and other partners. Kesko has about 2,000 stores
engaged in chain operations in Finland, Sweden, Norway, Estonia, Latvia,
Lithuania, Russia and Belarus. Kesko and K-retailers form the K-Group, whose
retail sales totalled around €11.3 billion (VAT 0%) in 2014. The K-Group
employs around 45,000 people.
Besides Finland, Kesko seeks growth particularly in the Russian market. In
addition to seven K-ruoka stores, Kesko has 13 K-rauta stores and 19
Intersport stores in Russia. In addition, Konekesko exports Yamarin boats to
Russia.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Kesko Oyj via Globenewswire

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