Why Kesko stock moves
Kesko fell clearly, more than the market.
Written after the close on ·
Why today
16,307 news analyzed todayKesko fell clearly, more than the market.
Company news from that session includes Inderes cutting its price target to €25 and keeping its Reduce rating.
The market fell only slightly, so Kesko's drop went beyond the index.
Over the last five trading days, Kesko rose clearly, while the market rose slightly.
The likely driver is the large rights issue of about €650 million, which lets existing shareholders buy new shares at €18.00 each, a discount to recent prices.
Today's move of −0.79% was 0.9 times a normal day's 0.9%. OMX Helsinki 25 moved −0.52% on the same day.
Kesko −0.79%OMX Helsinki 25 −0.52%In step with the market
What analysts expect, and how often they have been right
Analysts’ estimates for Kesko.
Kesko earned more than expected in 3 out of 8 reports.
For comparison, about 46% of reports from Nordic companies beat the estimate in the last three years.
The share moved in the same direction as the earnings surprise in 6 out of 8 reports with a measured move, against about 63% of reports from Nordic companies.
Ratings
Price targets
Latest price 25.66 EUR
Earnings against expectations, and the share’s reaction
Expected EPSAbove estimateBelow estimateAs expectedEUR
Next reported quarter: expected earnings per share of 0.32 EUR (December 2). For the current fiscal year, expected earnings per share changed from 1.17 EUR three months ago to 1.19 EUR now. 2026 estimate: 1.19 EUR. 2027 estimate: 1.37 EUR.
Has the share price followed the business?
Price and earnings moved in the same direction: 2 out of 3 years. Across Nordic companies, that happens in about 60% of years. In 2025, the price changed +6% and earnings per share +7%.
Revenue, profit and market cap
RevenueProfitMarket capHatched bars: analysts’ estimates.bn EUR
Assets, liabilities and market cap
AssetsLiabilitiesMarket capbn EUR
Price and earnings moved in the same direction: 2 out of 3 years.Market cap (Now): 10.2 bn EURRevenue 2025: 12.5 bn EUR
What the key figures say about Kesko
The figures connect what Kesko earns with what investors pay.
The line shows the share price in the same year, on its own scale. Hatched bars: analysts’ estimates.
Profit divided by the number of shares. Each share represents this much of the earnings.
2022–2025: 0.95 EUR–1.53 EUR. Peers: Dino Polska 1.60 PLN, Axfood 11.38 SEK, Sonae 0.19 EUR. 2026 estimate: 1.19 EUR (1.16 EUR–1.22 EUR). 2027 estimate: 1.37 EUR (1.27 EUR–1.43 EUR).
What the company sold during the year.
2022–2025: 11.8 bn EUR–12.5 bn EUR. Peers: Dino Polska 36.6 bn PLN, Axfood 90.3 bn SEK, Sonae 11.8 bn EUR. 2026 estimate: 13.4 bn EUR (13.2 bn EUR–13.5 bn EUR). 2027 estimate: 14.9 bn EUR (13.5 bn EUR–16.2 bn EUR).
The percentage of revenue left after the costs of running the business.
2022–2025: 4.2%–6.3%. Peers: Dino Polska 5.7%, Axfood 4.2%, Sonae 3.2%.
Profit as a percentage of shareholders’ money in the company.
2022–2025: 13.9%–22.2%. Peers: Dino Polska 17.2%, Axfood 33.1%, Sonae 8.7%.
The price investors pay for each unit of annual earnings per share. Not shown for a loss.
2022–2025: 13.5–19.1. Peers: Dino Polska 23.4, Axfood 24.9, Sonae 11.7. 2026 estimate: 21.6. 2027 estimate: 18.7.
What investors pay for each unit the company sells.
2022–2025: 0.61–0.69. Peers: Dino Polska 1.00, Axfood 0.68, Sonae 0.37. 2026 estimate: 0.76. 2027 estimate: 0.69.
Money paid to shareholders per share, summed by calendar year.
2017–2025: 0.49 EUR–1.05 EUR.
The ordinary yearly dividend as a percentage of the share price.
2022–2025: 4.1%–5.9%. Peers: Dino Polska 0.0%, Axfood 3.2%, Sonae 2.7%.
Net debt divided by operating earnings before depreciation and amortisation.
2022–2025: 1.59–2.73. Peers: Dino Polska 0.02, Axfood 3.02, Sonae 5.75.
More key figures
Market cap divided by shareholders’ equity, what remains after liabilities.
2022–2025: 2.59–2.99. Peers: Dino Polska 3.72, Axfood 8.13, Sonae 1.35.
Market cap plus net debt, divided by operating earnings. This includes debt.
2022–2025: 12.4–17.1.
Cash left after investments, divided by the number of shares.
2022–2025: 0.95 EUR–1.42 EUR. Peers: Dino Polska 0.68 PLN, Axfood 21.13 SEK, Sonae 0.34 EUR.
The percentage of assets financed by shareholders’ equity.
2022–2025: 31.7%–36.7%.
The dividend explained
A dividend is money paid to shareholders. Kesko paid 0.88 EUR per share in the twelve months through November 6, 2026.
On the ex-dividend day, October 14, 2026, Kesko traded without the right to the 0.22 EUR dividend. The price went from 23.38 EUR to 23.40 EUR; including the dividend, the day's change was +1.0%. Entitlement passes from the company to shareholders on the ex-day; payment comes later.
2017: 0.49 EUR2018: 0.54 EUR2019: 0.57 EUR2020: 0.61 EUR2021: 0.73 EUR2022: 1.03 EUR2023: 1.05 EUR2024: 0.75 EUR2025: 0.90 EUR2026 so far: 0.88 EUR
What to watch next, and why
The earnings report shows how Kesko's revenue and profit have changed.
- Earnings report
The earnings report shows how Kesko's revenue and profit have changed.
Add to calendar - The dividend explained
From the ex-day, Kesko trades without entitlement to the next dividend.
Earnings report
Next report: · Add to calendar · Google Calendar
On its last 15 report days Kesko usually moved about 3.7%. On a normal day it moves 0.9%.
+1.44% Why? +3.57% +0.59% −4.84%
10,000 EUR in Kesko bought on November 7, 2016 is worth 36,100 EUR today, with dividends reinvested.
The same amount in OMX Helsinki with dividends would have become 24,400 EUR.
What would 10,000 EUR in Kesko be worth today? →
What would 10,000 EUR in Kesko be worth today?
36,100 EUR
with dividends reinvested, bought on November 7, 2016. The same amount in OMX Helsinki with dividends would have become 24,400 EUR.
The five biggest days of the journey
· −15.3% · the whole market rose 3.7% the same day
· +10.4% · the whole market fell 1.5% the same day · report day
· −9.5% · the whole market was unchanged the same day · report day
· −9.3% · the whole market fell 0.1% the same day · report day
· +8.9% · the whole market rose 6.9% the same day
Earlier days
+2.76% market +0.50% Kesko rose clearly over the week, more than the market's slight gain. Read →
Kesko rose clearly over the week, more than the market's slight gain.
The main driver was likely the Dahl acquisition, completed on 2 November, which strengthens its technical trade business.
Trading was heavy, and the shares stayed near their one-year high.
Analysts cut their price targets, the share prices they see as fair, after the rights issue was announced on 5 November.
−0.08% market −0.56% Kesko was roughly unchanged, an ordinary day for the stock. Read →
Kesko was roughly unchanged, an ordinary day for the stock.
Over five trading days Kesko rose sharply while the market stayed flat.
The 5 November rights issue announcement is the main company news, but the stock did not react strongly to it in the last session.
The rights issue offers new shares at €18.00, one for every eleven held, with the ex-date on 6 November.
Kesko reports results on 2 December.
+2.54% market +1.62% Kesko rose that day, well ahead of the market, which rose sharply too. Read →
Kesko rose that day, well ahead of the market, which rose sharply too.
That day it completed its purchase of the Dahl technical trade businesses in Sweden, Norway and Denmark, which strengthens its market share in the Nordics.
Over the last five trading days it rose very sharply while OMX Helsinki 25 rose slightly, a very big move for Kesko.
The rise also follows strong third-quarter results and a raised profit outlook last week.
+1.56% market +0.36% Kesko rose, while the Helsinki market rose only slightly. Read →
Kesko rose, while the Helsinki market rose only slightly.
The main news was the completed Dahl acquisition, which strengthens its technical trade business in Sweden, Norway and Denmark.
Technical trade means selling building and infrastructure products to professional customers.
The share sale authorisation linked to financing the deal likely kept some investors cautious.
The stock has been strong over the last five trading days, but it rose against a slightly weaker market in that period.
+1.26% market −1.25% Kesko rose while the Helsinki market fell after its strong third-quarter results. Read →
Kesko rose while the Helsinki market fell after its strong third-quarter results.
Over the last five trading days the shares rose clearly while the market was roughly flat.
Likely reasons are the quarterly report, which showed profit growth across its business areas and a raised profit outlook, and several brokers raising their price targets, the share prices they see as fair.
A rights issue, a share sale to existing shareholders, is still planned after the Dahl acquisition, which is expected to close on 2 November 2026.
+2.15% market +0.22% Kesko rose clearly over the week while the broader market was roughly flat. Read →
Kesko rose clearly over the week while the broader market was roughly flat.
The main driver was its third-quarter results on Thursday 29 October, which showed higher net sales and operating profit, with the technical trade continuing to lead growth and the company lifting its profit outlook.
Analysts then raised their price targets, the share prices they see as fair, on Friday 30 October, though OP Corporate Bank cut its rating to sell.
Over the same days the Helsinki market index was roughly unchanged, so the gain was company-specific.
+1.44% market +0.35% Kesko rose, moving well ahead of the broader market. Read →
Kesko rose, moving well ahead of the broader market.
Kesko published its third-quarter results that day, with growth in every business area, and it raised its profit outlook, which likely drove the jump.
Comparable operating profit rose to €231.4 million from €208.1 million, and the company now expects a stronger full-year profit.
Over the last five trading days the shares rose slightly, in line with OMX Helsinki 25.
The stock is also near its highest close of the past year.
−0.32% market −0.14% Kesko dipped, in line with a flat market. Read →
Kesko dipped, in line with a flat market.
No company news explains it.
Over the last five trading days, Kesko rose sharply, while the market stayed roughly flat.
This was a big move for Kesko, about twice its normal five-day swing.
Likely drivers include a sharp rebound in the week's earlier sessions and analyst target-price raises from DNB Carnegie and SEB, which raise the share price they see as fair.
+0.08% market −0.38% Kesko rose on a day with no clear company news explaining it. Read →
Kesko rose on a day with no clear company news explaining it.
In the last session, Kesko was roughly unchanged while the Helsinki market fell slightly, so it did better than the market.
Over the last five trading days, Kesko rose very sharply while the market fell clearly, a big move for the stock.
The likely reasons are earlier analyst upgrades and a strong September sales report, which lifted sentiment.
+5.63% market −3.27% Kesko rose very sharply over the last five trading days, moving against a falling market. Read →
Kesko rose very sharply over the last five trading days, moving against a falling market.
The move was big for Kesko, and such a large rise has happened only about five times in the past year.
The share is near its highest close of the past year after the rise.
Analysts were mixed: ABG Sundal Collier downgraded the stock to hold, while SEB and DNB Carnegie raised their target prices, the share price they see as fair.
+0.97% market −1.41% Kesko rose sharply, moving against a slightly weaker market. Read →
Kesko rose sharply, moving against a slightly weaker market.
The session's news was mostly routine, with a shareholding notice from BlackRock and a sales-growth piece, so no clear company news explains the rise.
ABG Sundal Collier cut its rating to hold, a neutral view, which is a negative for the stock.
Over the last five trading days Kesko rose very sharply, a very big move for it, and the market fell slightly.
Likely reasons include the strong September sales growth reported earlier this month and continued buying in the shares.
+2.56% market +0.61% Kesko rose very sharply, moving well apart from a slightly higher market. Read →
Kesko rose very sharply, moving well apart from a slightly higher market.
The likely reason is the store news and the new cooperation with S-Group, though no single company event is clearly named as the cause.
Over the last five trading days Kesko rose very sharply while OMX Helsinki 25 fell clearly, a very big move for the stock.
Next, the company reports its earnings on Thursday 29 October.
+2.61% market −0.87% Kesko rose very sharply, moving against a market that fell clearly, with news from that day behind it. Read →
Kesko rose very sharply, moving against a market that fell clearly, with news from that day behind it.
Kesko, the Finnish grocery and building-trade group listed on Nasdaq Helsinki, is the instrument here.
The shares traded without their dividend last week, which took about that amount off the quoted price.
The rise came alongside several analyst moves that day: SEB raised its price target, the share price it sees as fair, to €27 and kept its buy rating, and DNB Carnegie raised its target to €26.50 and kept buy.
BNP Paribas also raised its target, to €20, but kept its neutral rating, a view that the shares are about fairly priced.
Learn more · Why do stocks go up and down?