Kesko releases Half-year financial report for period to 30 June 2026, updates profit guidance, and announces its biggest acquisition with Dahl

Kesko's half-year financial report for the period ending June 30, 2026, highlights significant growth across all divisions, with net sales reaching €6.4 billion and a comparable operating profit of €296.1 million, up €23.8 million from the previous year.³

The company reported a 6.5% increase in net sales, driven by strong performance in the building and technical trade division. “Profit growth was the strongest in the building and technical trade division,” a spokesperson noted, attributing this success to robust sales in technical trade.

In a landmark move, Kesko announced its largest acquisition to date, acquiring Dahl's businesses in Sweden, Norway, and Denmark from Saint-Gobain for €1.2 billion. The acquisition is expected to enhance Kesko's technical trade operations, with the combined net sales of the acquired businesses projected to be nearly €2.1 billion in 2025.²

Additionally, Kesko updated its profit guidance for 2026, now estimating a comparable operating profit of €670-730 million, a slight adjustment from the previous estimate of €650-750 million. This reflects the company's confidence in its growth trajectory despite market challenges.⁵

Overall, the first half of 2026 has been described as one of the most consequential periods in Kesko's history, setting the stage for future expansion and profitability.