Tech News Comcontemporary

Norwegian packaging group Elopak has reported a 20% increase in revenue, to €1 billion, in its 2022 financial year. Adjusted EBITDA for the period amounted to €119.4 million, an increase of €5.7 million compared with 2021. The company’s adjusted net profit for the financial year was €44.0 million. In the fourth quarter, Elopak saw 24% […]

Kesko Oyj (HEL:KESKOB) has announced that it will be increasing its dividend from last year’s comparable payment on the 28th of June to €0.27. This takes the dividend yield to 6.0%, which shareholders will be pleased with. Check out our latest analysis for Kesko Oyj Kesko Oyj’s Earnings Easily Cover The Distributions While it is […]

An Yle comparison of major food retailers’ in-house brands shows that the German market challenger Lidl remains the cheapest option for penny-wise shoppers. This in spite of the fact that the leading Finnish retail groups Kesko and the S Group have tried to claw back market share by significantly reducing prices on their white label […]

Marimekko Corporation, Stock Exchange Release, 25 January 2022 at 3.00 p.m. Shareholders’ proposals to the Annual General Meeting for the number of Marimekko’s Board members, the composition of the Board and its remuneration Shareholders representing in total approximately 27% of all of Marimekko Corporation’s shares and votes have made a proposal to the Annual General […]

Sendas Distribuidora (NYSE:ASAI – Get Rating) and Kesko Oyj (OTCMKTS:KKOYY – Get Rating) are both consumer discretionary companies, but which is the superior business? We will contrast the two businesses based on the strength of their analyst recommendations, earnings, institutional ownership, valuation, dividends, risk and profitability. Insider and Institutional Ownership 4.4% of Sendas Distribuidora shares […]

The Norwegian company plans to continue offering its logistics services to other firms in Finland. Open image viewer Oda started operations in Finland at the beginning of last year, as the grocery delivery market boomed following months of social distancing guidance during the Covid-19 pandemic. Image: Henrietta Hassinen / Yle The Norwegian online grocery service […]

Finnish forestry group Stora Enso has completed an €80-million project at Imatra Mills to centralise and modernise wood handling to improve production capacity for packaging board. The project commenced in the first quarter of 2021 and will see water consumption at the facility down by 85%, or by 500 million litres per year. Mill director […]

Chief shop stewards have expressed their shock at the extensive consultative negotiations announced on Monday by Kesko. In addition to the eight Anttila department stores set for closure, the retailer is now intent on shutting down four Kodin1 stores within the next two years. In a bulletin released on Monday, Kesko also revealed that […]