"Kesko raises its profit guidance for 2021. The company now estimates that its comparable operating profit in 2021 will be in the range of €650-750 million. Before, the company estimated that the comparable operating profit would be in the range of €570-670 million.

The guidance upgrade is based on better-than-anticipated sales growth and profit development especially in the building and technical trade division, and the division's more positive outlook for the remainder of the year.

In 2020, Kesko's illustrative comparable operating profit totalled €554 million."

Kesko Corporation issues a positive profit warning based in particular on stronger-than-anticipated development in building and technical trade

Kesko (www.kesko.fi)

"Sales in the building and technical trade division totalled €423.3 million in May, an increase of 17.8% in comparable terms in local currencies. Sales in the building and technical trade excluding the speciality goods trade grew by 18.0% in comparable terms. Sales in Finland grew by 18.4% and sales elsewhere by 17.4%."

Kesko’s comparable sales grew in May

Kesko (www.kesko.fi)

"The demand for building solutions in Uponor's key markets in Europe and North America has continued to develop favourably throughout the first half of the year. "The activity in residential construction markets both sides of the Atlantic has stayed on a high level and based on current market forecasts we expect that trend to continue."

https://www.uponorgroup.com/en-en/ir-news/2021/uponor-revises-its-guidance-for-2021-(2)