Pressmeddelanden, rapporter och bolagsmeddelande för Tokmanni Group Oyj

The Shareholders’ Nomination Board of Tokmanni Group Corporation has proposed to the Annual General Meeting that the number of members on the Board of Directors remain at six. They suggest re-electing current members Seppo Saastamoinen, Erkki Järvinen, Ulla Serlenius, Mikko Bergman, and Eja Tuominen, and electing Erja Hyrsky as a new member. Harri Sivula will not seek re-election. Erja Hyrsky, with extensive experience in retail, is currently in a management position in Sweden and has expertise with suppliers such as Unilever and Procter & Gamble. All nominees have agreed to serve, with details available on Tokmanni Group's website. The Nomination Board also proposes that Seppo Saastamoinen continue as Chairman. The remuneration for board members will be partly in company shares and cash, with specific fees for meeting attendance and committee chairmanships. The Nomination Board is composed of representatives from various pension and investment companies and is chaired by Jari Sonninen. Tokmanni Group is a leading discount retailer in the Nordics, with over 370 stores and a 2023 revenue of EUR 1,393 million. Its shares are listed on Nasdaq Helsinki.

Tokmanni Group Corporation has entered into an agreement with SPAR International to exclusively operate the SPAR brand in Finland. This partnership allows Tokmanni, a variety discount retailer, to leverage SPAR International's expertise and scale, particularly in grocery retailing. Tokmanni plans to integrate the SPAR concept into its fresh food departments, aiming to have them aligned with the SPAR brand in the coming years. The first SPAR-branded food department is set to open next summer, with more to follow by the end of 2025. Tokmanni will also consider new store locations and standalone SPAR stores in the future. The collaboration is expected to enhance Tokmanni's competitiveness in the Finnish grocery market by expanding its product assortment and offering lower prices. An analyst and press event will be held to present the partnership, with separate sessions in Finnish and English. Tokmanni Group Corporation is a leading variety discount retailer in the Nordics, while SPAR International partners with independent retailers globally to enhance competitiveness.

Tokmanni Group Corporation has secured a new EUR 325 million financing agreement, replacing a previous one from 2021. This agreement includes a EUR 250 million bank loan and a EUR 75 million revolving credit facility, with a maturity of three years and two one-year extension options. The financing is linked to Tokmanni's gearing ratio and involves OP Corporate Bank Plc and Swedbank AB as lead arrangers, with OP Corporate Bank Plc also acting as coordinator and agent. Tokmanni Group is a leading variety discount retailer in the Nordics, operating over 370 stores and online platforms, with 2023 revenue of EUR 1,393 million and a comparable EBIT of EUR 99 million. Its shares are listed on Nasdaq Helsinki.

Tokmanni Group Corporation announced its schedule for publishing financial reports in 2025. The company will release its Financial Statements Review for 2024 on March 7, a Business Review for January-March 2025 on May 16, a Half Year Financial Review for January-June 2025 on August 15, and a Business Review for January-September 2025 on November 14. The report by the Board of Directors and Financial Statements for 2024 will be published during week 15. The Annual General Meeting is planned for May 7, 2025, with the Board of Directors to summon the meeting later. For more information, contact Maarit Mikkonen, Head of IR and Communications. Tokmanni Group is a leading discount retailer in the Nordics, with over 6,000 employees and more than 370 stores. In 2023, the Group's revenue was EUR 1,393 million, and its comparable EBIT was EUR 99 million. Its shares are listed on Nasdaq Helsinki.

Tokmanni Group Corporation reported its third-quarter and January-September 2024 financial performance, highlighting a revenue increase of 14.3% in Q3 to EUR 416.3 million, driven by the integration of the Dollarstore segment. The company's guidance for 2024 was updated, with expected revenue between EUR 1,650–1,700 million and comparable EBIT of EUR 98–110 million. The Board of Directors announced a second dividend payment of EUR 0.38 per share for the 2023 financial year. Tokmanni continues its expansion strategy, with 375 stores across Finland, Sweden, and Denmark, and plans to explore new markets. Despite low customer confidence, grocery sales rose, while high-value product sales declined. The Dollarstore acquisition contributed to revenue growth, and the integration is progressing well, with annual synergies of EUR 12.7 million achieved by September. The company's financial position remains stable, with a net debt to comparable EBITDA ratio of 2.6. Tokmanni aims to maintain an efficient capital structure, targeting a ratio below 2.25. The business is subject to seasonality, with revenue peaking in the fourth quarter due to Christmas sales.