Kesko Oyj said its fourth-quarter normalized net income came to 44 euro cents per share, compared with the S&P Capital IQ consensus estimate of 43 cents per share.
EPS climbed 13.5% year over year from 39 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €44.1 million, a gain of 13.5% from €38.9 million in the year-earlier period.
The normalized profit margin increased to 2.0% from 1.7% in the year-earlier period.
Total revenue decreased on an annual basis to €2.17 billion from €2.27 billion, and total operating expenses declined 5.2% from the prior-year period to €2.09 billion from €2.21 billion.
Reported net income rose 30.0% from the prior-year period to €21.8 million, or 22 cents per share, from €16.8 million, or 17 cents per share.
For the year, the company's normalized net income totaled €1.27 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of €1.61.
EPS rose 20.1% from €1.05 in the prior year.
Normalized net income was €125.6 million, a rise of 20.1% from €104.6 million in the prior year.
Full-year total revenue fell on an annual basis to €8.68 billion from €9.07 billion, and total operating expenses fell on an annual basis to €8.45 billion from €8.89 billion.
The company said reported net income grew 6.1% year over year to €102.1 million, or €1.03 per share, in the full year, from €96.2 million, or 97 cents per share.