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EARNINGS POLL-Finnish retailer Kesko profits seen falling

Published 01/30/2009, 08:27 AM
Updated 01/30/2009, 08:32 AM
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* Kesko Q4 results

* Feb 5, 0700 GMT

* Q4 EBIT seen at 57 million euros ($73.23 million)

HELSINKI, Jan 30 (Reuters) - Finnish retailer Kesko is expected to report a 21 percent year-on-year fall in underlying fourth-quarter operating profit as consumer spending dries up, a Reuters poll of 12 analysts showed.

Adjusted earnings before interest and tax were seen falling in October-December to 57 million euros, from 72 million in the year-earlier period.

Four of the analysts who disclosed their views on the stock were positive, while five were negative, and one was neutral.

Figures in millions of euros unless stated.

Q4

Mean Median High Low No. Yr ago Net sales 2,352 2,345 2,384 2,315 9 2,390 EBIT adj. 57 58 71 45 12 72 EBIT 57 58 71 45 12 68 Pretax 56 56 70 43 11 66 Net result 38 37 53 26 9 38 EPS (eur) 0.38 0.37 0.54 0.26 11 0.39 NRI 0 0 0 0 12 -4

FY2008

Mean Median High Low No. Yr ago Net sales 9,616 9,609 9,648 9,579 9 9,287 EBIT adj 246 248 261 234 12 315 EBIT 328 337 350 237 12 322 Pretax 329 337 352 242 11 358 Net 262 261 277 250 9 285 EPS (eur) 2.66 2.66 2.82 2.54 11 2.90 Div/sh(eur)1.49 1.60 1.70 1.20 10 1.60 NRI 89 89 89 89 12 7 FY08 consensus figures include non-recurring gains of 89 million euros in EBIT level and on down.

FY2009

Mean Median High Low No. Net sales 9,249 9,320 9,594 8,865 10 EBIT adj. 187 195 248 130 11 EBIT 187 195 248 130 11 Pretax 186 185 253 129 10 Net result 124 123 167 84 8 EPS(eur) 1.26 1.28 1.70 0.85 9 Div/sh(eur)1.23 1.20 1.80 0.80 9

NOTES:

- "No." denotes the number of estimates.

- "NRI" = non-recurring items.

- Analysts from the following banks and brokerages contributed to this poll: ABG Sundal Collier, Carnegie, Danske Bank, EQ Bank, Evli, FIM, Goldman Sachs, Handelsbanken Capital Markets, JP Morgan, Pohjola, SEB Enskilda and SP Equity Research.

- Data for Reuters Nordics earnings polls compiled by Inquiry Financial Intelligence. For more details on the data, please click on www.ConsensusEstimates.com. (Reporting by Helsinki Newsroom; Editing by Andrew Macdonald)

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