Tokmanni Group Corporation reported a managerial transaction involving Mikko Bergman, a board member, and Sompa Capital Oy, a closely associated legal entity. The initial notification details the acquisition of shares on 19 August 2024 at NASDAQ Helsinki Ltd. The transaction included multiple purchases totaling 10,000 shares at a volume-weighted average price of 10.99713 EUR per share. For further information, contact Maarit Mikkonen, Head of IR and Communications. Tokmanni Group is a leading variety discount retailer in the Nordics, operating over 370 stores and online platforms with 2023 revenue of EUR 1,392.7 million and a comparable EBIT of EUR 98.8 million. The company's shares are listed on Nasdaq Helsinki.
Tokmanni Group Corporation released its unaudited half-year financial report on August 16, 2024. The company updated its guidance for 2024, expecting revenue between EUR 1,650–1,730 million and comparable EBIT between EUR 98–118 million, down from previous estimates. President and CEO Mika Rautiainen noted that a tight economic climate led to cautious consumer behavior, affecting sales in Finland and Sweden. Despite this, Tokmanni's revenue grew by 32.5% in the second quarter, largely due to the acquisition of Dollarstore, although like-for-like revenue decreased by 2.4%. Grocery sales increased slightly and accounted for over half of total sales. The integration of Dollarstore is progressing well, with significant synergies already achieved. The company anticipates that an upcoming VAT rate increase in Finland will impact consumer demand and sales growth for the second half of the year. Efforts will focus on boosting sales and customer visits while continuing the integration of Dollarstore. An analyst and press conference will be held on the publication day, with further details available on Tokmanni Group's website. Contact information for key executives is provided for additional inquiries. Tokmanni Group is a leading discount retailer in the Nordics, with over 370 stores and a significant online presence.
Tokmanni Group Corporation announced that its second-quarter sales were impacted by the late start of the spring season. Consumer confidence in Finland is expected to remain weak for the rest of the year, and upcoming increases in VAT and higher freight costs are anticipated to negatively affect profitability in the second half of 2024. The company has updated its 2024 guidance, now expecting revenue between EUR 1,650–1,730 million and comparable EBIT between EUR 98–118 million, compared to the previous forecast of EUR 1,660–1,760 million in revenue and EUR 110–130 million in comparable EBIT. Preliminary unaudited figures for the first half of 2024 show revenue of approximately EUR 761.7 million and comparable EBIT of around EUR 22.7 million. The half-year financial report will be published on 16 August 2024. Tokmanni Group is a leading variety discount retailer in the Nordics, with over 370 stores and a significant online presence. In 2023, the Group reported revenue of EUR 1,393 million and a comparable EBIT of EUR 99 million. The company's shares are listed on Nasdaq Helsinki.
Tokmanni Group Corporation has reported a managerial transaction involving Takoa Invest Oy, a legal entity closely associated with Seppo Saastamoinen, a member of Tokmanni's Board. The initial notification, reference number 65659/5/6, details an acquisition of 19,000 shares at a unit price of 13.4555 EUR, conducted on 7 June 2024 at NASDAQ Helsinki. For further information, contact Maarit Mikkonen, Head of IR and Communications at Tokmanni. Tokmanni Group is a leading variety discount retailer in the Nordics, operating over 370 stores and generating a revenue of EUR 1,393 million in 2023. The Group's shares are listed on Nasdaq Helsinki.
On June 6, 2024, Tokmanni Group Corporation reported a managerial transaction involving Takoa Invest Oy, a legal entity closely associated with Seppo Saastamoinen, a member of the Board. The transaction, which took place on June 5, 2024, involved the acquisition of shares on the CEUX venue, with various volumes and unit prices, totaling 184 shares at a volume-weighted average price of 13.41772 EUR. For further details, contact Maarit Mikkonen, Head of IR and Communications. Tokmanni Group is a leading variety discount retailer in the Nordics, operating over 370 stores with a 2023 revenue of EUR 1,393 million. The Group's shares are listed on Nasdaq Helsinki.
Tokmanni Group Corporation released its Q1 2024 business review, revealing a 42.4% growth in revenue to €339.2m ($408m), primarily attributed to the acquisition of Dollarstore in August 2023. The company's comparable EBIT is expected to be €110-130m ($132-156m) with a revenue of €1,660-1,760m ($1,998-2,117m). The integration of Tokmanni and Dollarstore is progressing as planned, with a focus on the consolidation of purchases at the group level. The company aims to achieve annual synergies of over €15m ($18m) by the end of 2025, with €6.7m ($8m) already achieved by the end of March.
Tokmanni Group Corporation has published its Board of Directors Report and Financial Statements for 2023, which includes non-financial information and is also available in Finnish. The financial statements follow the European Single Electronic Format (ESEF) and are tagged with XBRL labels. Audit firm PricewaterhouseCoopers Oy has provided an assurance report on the ESEF Financial Statements. Tokmanni has also released its Corporate Governance Statement and Remuneration Report for 2023. The reports are available on Tokmanni's website. In 2023, Tokmanni's revenue was EUR 1,393 million and comparable EBIT was EUR 99 million.
On April 8, 2024, Tokmanni Group Oyj's Chief Financial Officer, Tapio Arimo, received a share-based incentive of 1,491 shares at no cost as per a notification requirement. The transaction took place on NASDAQ Helsinki Ltd. Further information can be obtained from Maarit Mikkonen, Head of IR and Communications at Tokmanni. The Tokmanni Group is a leading variety discount retailer in the Nordics, with more than 370 stores across Finland, Sweden, and Denmark. The company reported a revenue of EUR 1,393 million and a comparable EBIT of EUR 99 million in 2023.