2001 FAS 2002 FAS 2003 FAS 2004 FAS 2004 IFRS 2005 IFRS 2006 IFRS
Share capital € million 180 182 182 188 188 193 195
Number of shares at 31 Dec. 1,000 pcs 90,213.4 91,120.4 91,190.5 93,840.5 93,840.5 96,483.9 97,519.9
Adjusted number of shares at 31 Dec. 1,000 pcs 90,213.4 91,120.4 91,190.5 93,840.5 93,840.5 96,483.9 97,519.9
Adjusted average number of shares
during the year 1,000 pcs 90,213.4 90,807.3 91,435.8 93,134.9 93,134.9 97,215.5 98,027.0
of which A shares % 35 35 35 34 34 33 32
of which B shares % 65 65 65 66 66 67 68
Market capitalisation, A shares € million 476 520 578 600 600 768 1,220
Market capitalisation, B shares € million 602 718 825 1,115 1,115 1,551 2,632
Number of shareholders at 31 Dec. pcs 25,057 25,485 28,761 29,801 29,801 29,339 28,414
Share turnover A share € million 20 15 22 23 23 29 61 B share € million 139 249 349 1,368 1,368 1,383 2,410 Share turnover A share million pcs 1 1 1 1 1 1 2 B share million pcs 14 23 31 83 83 66 77 Turnover rate A share % 3.9 3.0 4.0 3.8 3.8 4.1 6.4 B share % 24.3 38.6 51.7 133.6 133.6 101.5 117.1
Change in share turnover
A share % -37.5 -23.3 32.4 -3.5 -3.5 7.6 57.2
B share % -6.7 60.3 34.0 158.5 158.5 -24.0 15.4
Share price at 31 Dec.
A share € 15.00 16.40 18.20 18.90 18.90 24.19 38.43
B share € 10.30 12.10 13.88 17.95 17.95 23.95 40.02
Average share price
A share € 16.57 16.26 17.46 19.12 19.12 21.93 30.10
B share € 9.79 10.92 11.38 16.49 16.49 21.04 31.34
Highest share price during the year
A share € 20.00 17.70 18.55 21.50 21.50 24.60 38.99
B share € 11.80 12.28 14.66 18.27 18.27 24.44 40.48
Lowest share price during the year
A share € 11.50 14.40 16.00 15.70 15.70 18.61 23.72
B share € 8.10 9.75 9.35 13.58 13.58 17.80 23.80
Earnings per share, diluted € 0.60 0.75 1.05 1.26 1.89 1.87 3.76
Earnings per share,basic € 0.60 0.75 1.06 1.28 1.92 1.89 3.80
Equity per share, diluted € 14.78 15.02 15.07 13.34 14.73 15.35 17.94
Dividend per share € 0.60 1.00 3.00 1.00 1.00 1.10 1.50*
Payout ratio % 98.7 134.4 285.7 79.4 52.9 58.8 40.0*
Cash fl ow from operating activities
per share, diluted € 2.29 1.60 1.80 2.06 2.29 3.07 3.35
Price per earnings ratio (P/E), A share, diluted 24.82 21.96 17.17 14.96 10.12 11.86 10.22
Price per earnings ratio (P/E), B share, diluted 17.04 16.21 13.09 14.21 9.50 11.74 10.64
Dividend yield, %, A share % 4.0 6.1 11.0 5.3 5.3 4.6 3.80*
Dividend yield, %, B share % 5.8 8.3 14.4 5.6 5.6 4.6 3.90*
Yield of A share % 8.6 9.9 11.4 14.3 14.3 16.7 21.4
Yield of B share
for the last fi ve periods % 6.1 2.8 8.9 14.7 14.7 25.9 38.9
for the last ten periods % 11.0 12.8 10.7 13.0 13.0 16.3 19.0
Financial reporting calendar and other key dates in 2007 Year 2006 fi nancial statements 6 February 2007 Year 2006 Annual Report and
audited fi nancial statements Week 10 Year 2007 Annual General Meeting 26 March 2007 Interim Financial Report for the fi rst 3 months 20 April 2007 Interim Financial Report for the fi rst 6 months 18 July 2007 Interim Financial Report for the fi rst 9 months 17 October 2007 In addition, the Kesko Group’s sales fi gures are published monthly and the K-Group’s retail sales fi gures are published in connection with In- terim Financial Reports.
Annual General Meeting
The Annual General Meeting of Kesko Corporation will be held in the Helsinki Fair Centre’s congress wing, Messuaukio 1 (congress wing entrance), on 26 March 2007 at 13.00 hrs.
All shareholders entered in the register of Kesko Corporation shareholders kept by the Finnish Central Securities Depository Ltd on 16 March 2007 (Annual General Meeting record date) are entitled to attend the Annual General Meeting.
Shareholders wishing to attend the meeting should notify, not later than 19 March 2007 at 16.00 hrs by letter to Kesko Corporation/Legal Aff airs to FI-00016 Kesko, by fax to +358 1053 23421, by telephone to +358 1053 23211, by e-mail to taina.hohtari @ kesko.fi , or through the Internet at www.kesko.fi /Investors. The notifi cations must be received by the end of the registration period. Any proxies authorising the hold- ers to attend the Annual General Meeting shall be sent to the above mailing address by the end of the registration period. Shareholders may use the proxy form at www.kesko.fi /Investors in giving the author- isation.
More information about the Annual General Meeting, attendance and decision-making is given under the heading ‘Corporate Governance Statement’ on pages 54-61.
The decisions of the Annual General Meeting are published without delay after the meeting in a stock exchange release.
Payment of dividends
The Board of Directors has decided to propose to the Annual General Meeting that a dividend of EUR 1.50 per share be paid for 2006. The dividend will be paid to all shareholders entered in the register of Kesko Corporation shareholders kept by the Finnish Central Securities Depository Ltd on 29 March 2007 (record date for payment of dividend). Registration practice takes three banking days, so the dividends are paid to those who hold the shares at the close of the date of the Annual General Meeting on 26 March 2007. Dividends for shares traded on the date of the Annual General Meeting are paid to buyers.
According to the Board of Directors’ proposal the payment of dividends starts on 5 April 2007.
Financial publications
The Annual Report and Interim Financial Reports are published in Finnish, Swedish and English. No separate printed interim fi nancial reports are published but they instead come out as special sections of the TradeMaker magazine.
The TradeMaker magazine is published in Finnish and English in February, May, August and November.
The Annual Report, Interim Financial Reports, monthly sales fi gures and other key releases are also published on the Group’s Internet pages at www.kesko.fi /Media.
Kesko also publishes a separate Corporate Responsibility Report in Finnish and English.
Publications may be ordered from
Kesko Corporation/Corporate Communications FI-00016 Kesko
Tel. +358 1053 22404 Fax +358 9 174 398
Internet: www.kesko.fi /Material Change of address
Shareholders should notify changes of address to the bank, brokerage fi rm or other account operator with which they have a book-entry securities account.
Communications policy and principles
The purpose of Kesko’s communications is to promote the business of the Group and cooperation partners by taking the initiative in provid- ing stakeholders with correct information on Group objectives and operations. The general principles followed in providing communica- tions also include openness, topicality and truthfulness. No comments are made on confi dential or unfi nished business, nor on competitors’ aff airs.
The primary objective of communications is to describe what added value Kesko and its cooperation partners generate for consumers and other customers, whose impressions and behaviour ultimately decide Kesko’s success.
Investor information
In line with its IR strategy, Kesko continually produces correct and up-to-date information for the markets as a basis for the formation of Kesko Corporation’s share price. The aim is to make Kesko’s activities better known and to increase the transparency of investor information and, therefore, the attraction of Kesko as an investment target.
In its investor communications, Kesko follows the principle of impartiality and publishes all investor information on the Internet pages in Finnish, Swedish and English.
Kesko publishes its Annual Report as a printed publication in Finnish, Swedish and English. The annual fi nancial statements release and three interim fi nancial reports are also published as part of the TradeMaker stakeholder magazine which is mailed to all shareholders. In addition, the company maintains a mailing list of other persons to whom the Annual Report and the TradeMaker magazine are sent. Those who wish their names to be entered on the mailing list may fi ll in the material service form at Kesko’s Internet site (www.kesko.fi /material) or the coupons in the printed publications. Kesko’s stock exchange and press releases can be ordered by e-mail through the material service at the Internet site.