Finnish retailer Kesko reported a 17 percent fall in adjusted quarterly profit as cost cuts failed to make up for a slowdown in consumer spending.
Kesko said first-quarter operating profit fell to 18.6 million Euro ($24.17 million) from 22.3 million euros a year earlier.
Analysts on average expected a fall to 16.8 million Euro, according to a Reuters poll. ($1 = 0.7695 Euro)
