Newsletter
Shop
Login
Menü
Subscribe now
About 32 per cent of Rautakesko’s net sales in 2003 came from foreign countries
In 2003 Rautakesko’s net sales amounted to € 995 million, an increase of 35.4 per cent. In Finland, the net sales were € 674 million, an increase of 11.6 per cent. The net sales of foreign subsidiaries were € 319.0 million, an increase of 147.0 per cent. About 32 per cent of Rautakesko’s net sales came from foreign countries. During the last quarter of the year, the net sales in Finland grew by 19.9 per cent and by 200.4 per cent abroad.
Rautakesko’s operating profit in 2003 was € 28.0 million (€ 9.0 million). In Finland, the operating profit increased due to sales growth and more efficient chain operations. The performance was affected by costs related to the implementation of a new information system. The operating profit of foreign subsidiaries was boosted mostly by Senukai’s operating profit of € 16.5 million for about nine and a half months’ period. The operating profit of Swedish operations turned positive.
Rautakesko’s investments totalled € 37.4 million, of which store site investments were € 33.6 million and 96 per cent were abroad.
At the end of the year 2003, the K-rauta chain included 46 stores, while the Rautia chain included 101 outlets in Finland. The sales of the K-rauta stores grew by 8.3 per cent and the sales of the Rautia stores by 11.4 per cent. Building supplies and house sales recorded the biggest growth. The sales of Rautakesko’s Industrial and Constructor Sales unit increased by 18.1 per cent.
In Finland new K-rauta stores were opened in Järvenpää and Lielahti, Tampere. One of the foreign subsidiaries opened a new K-rauta in Pärnu, Estonia.
There are ten K-rauta stores in Sweden, four in Estonia and one in Latvia.
Since March 2003, Rautakesko has held a majority in Lithuanian’s biggest hardware and building supplies company UAB Senuku prekybos centras. The acquisition made Rautakesko the market leader in the Baltic countries. The company has exceeded the set targets. Senukai’s net sales are included in Rautakesko's figures as of 13 March 2003.
Rautakesko’s operating profit in 2003 was € 28.0 million (€ 9.0 million). In Finland, the operating profit increased due to sales growth and more efficient chain operations. The performance was affected by costs related to the implementation of a new information system. The operating profit of foreign subsidiaries was boosted mostly by Senukai’s operating profit of € 16.5 million for about nine and a half months’ period. The operating profit of Swedish operations turned positive.
Rautakesko’s investments totalled € 37.4 million, of which store site investments were € 33.6 million and 96 per cent were abroad.
At the end of the year 2003, the K-rauta chain included 46 stores, while the Rautia chain included 101 outlets in Finland. The sales of the K-rauta stores grew by 8.3 per cent and the sales of the Rautia stores by 11.4 per cent. Building supplies and house sales recorded the biggest growth. The sales of Rautakesko’s Industrial and Constructor Sales unit increased by 18.1 per cent.
In Finland new K-rauta stores were opened in Järvenpää and Lielahti, Tampere. One of the foreign subsidiaries opened a new K-rauta in Pärnu, Estonia.
There are ten K-rauta stores in Sweden, four in Estonia and one in Latvia.
Since March 2003, Rautakesko has held a majority in Lithuanian’s biggest hardware and building supplies company UAB Senuku prekybos centras. The acquisition made Rautakesko the market leader in the Baltic countries. The company has exceeded the set targets. Senukai’s net sales are included in Rautakesko's figures as of 13 March 2003.
