Tokmanni Group Oyj

Ticker/ISIN
TOKMAN
FI4000197934
Marknad/Land
Main Market, Helsinki
Sweden

Senaste sammanfattade pressmeddelande från 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.
Tokmanni Group Corporation announced that its Board of Directors has approved the payment of a second dividend installment of EUR 0.38 per share for the financial year ending December 31, 2023. This decision follows the authorization given by the Annual General Meeting on April 23, 2024. The company previously paid a dividend of EUR 0.38 per share on May 8, 2024. The upcoming dividend will be distributed on November 28, 2024, to shareholders recorded on November 20, 2024. Tokmanni Group is a leading variety discount retailer in the Nordics, operating over 370 stores across Finland, Sweden, and Denmark, with a 2023 revenue of EUR 1,393 million and a comparable EBIT of EUR 99 million. Its shares are listed on Nasdaq Helsinki.
On November 12, 2024, Tokmanni Group Corporation reported a transaction involving its CEO, Mika Rautiainen. The transaction, dated November 8, 2024, involved the receipt of a share-based incentive consisting of 2,000 shares at a unit price of 0 EUR, conducted on NASDAQ Helsinki. Tokmanni Group, a leading discount retailer in the Nordics, operates over 370 stores across Finland, Sweden, and Denmark, offering a wide range of products at affordable prices. In 2023, the company reported a 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. For further details, Maarit Mikkonen, Head of IR and Communications, can be contacted.
Tokmanni Group Corporation has transferred 2,000 of its own shares to the Group’s President and CEO as part of a Restricted Share Plan incentive. This decision was authorized by the Board of Directors, following approval at the Annual General Meeting on April 23, 2024. Details of the incentive plan were previously announced on December 13, 2023. After this transfer, Tokmanni retains 18,609 shares. Tokmanni Group is a leading discount retailer in the Nordics with over 6,000 employees and more than 370 stores, including online platforms. In 2023, the company reported a revenue of EUR 1,393 million and a comparable EBIT of EUR 99 million. Its shares are listed on Nasdaq Helsinki.

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Nyhetsuppdatering från Tokmanni Group Oyj

Övrig information som ska lämnas enligt börsens regler: The Board of Directors of Tokmanni Group Corporation has decided on the payment of dividend

Tokmanni Group Corporation announced that its Board of Directors has approved the payment of a second dividend installment of EUR 0.38 per share for the financial year ending December 31, 2023. This decision follows the authorization given by the Annual General Meeting on April 23, 2024. The company previously paid a dividend of EUR 0.38 per share on May 8, 2024. The upcoming dividend will be distributed on November 28, 2024, to shareholders recorded on November 20, 2024. Tokmanni Group is a leading variety discount retailer in the Nordics, operating over 370 stores across Finland, Sweden, and Denmark, with a 2023 revenue of EUR 1,393 million and a comparable EBIT of EUR 99 million. Its shares are listed on Nasdaq Helsinki.

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Main Market, Helsinki News

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Övrig information som ska lämnas enligt börsens regler: Tokmanni Group Oyj:n hallitus on päättänyt osingon maksamisesta
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Main Market, Helsinki News

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Transaktioner utförda av personer i ledande ställning: Tokmanni Group Corporation: Managers' Transactions - Mika Rautiainen

On November 12, 2024, Tokmanni Group Corporation reported a transaction involving its CEO, Mika Rautiainen. The transaction, dated November 8, 2024, involved the receipt of a share-based incentive consisting of 2,000 shares at a unit price of 0 EUR, conducted on NASDAQ Helsinki. Tokmanni Group, a leading discount retailer in the Nordics, operates over 370 stores across Finland, Sweden, and Denmark, offering a wide range of products at affordable prices. In 2023, the company reported a 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. For further details, Maarit Mikkonen, Head of IR and Communications, can be contacted.

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Main Market, Helsinki News

Nyhetsuppdatering från Tokmanni Group Oyj

Transaktioner utförda av personer i ledande ställning: Tokmanni Group Oyj: Johtohenkilöiden liiketoimet - Mika Rautiainen
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Main Market, Helsinki News

Nyhetsuppdatering från Tokmanni Group Oyj

Förändringar i återköpta aktier: Change in the holding of Tokmanni Group Corporation's own shares

Tokmanni Group Corporation has transferred 2,000 of its own shares to the Group’s President and CEO as part of a Restricted Share Plan incentive. This decision was authorized by the Board of Directors, following approval at the Annual General Meeting on April 23, 2024. Details of the incentive plan were previously announced on December 13, 2023. After this transfer, Tokmanni retains 18,609 shares. Tokmanni Group is a leading discount retailer in the Nordics with over 6,000 employees and more than 370 stores, including online platforms. In 2023, the company reported a revenue of EUR 1,393 million and a comparable EBIT of EUR 99 million. Its shares are listed on Nasdaq Helsinki.

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Main Market, Helsinki News

Nyhetsuppdatering från Tokmanni Group Oyj

Förändringar i återköpta aktier: Muutos Tokmanni Group Oyj:n omien osakkeiden lukumäärässä
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Main Market, Helsinki News

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Övrig information som ska lämnas enligt börsens regler: Members of Tokmanni Group's Shareholders' Nomination Board

Tokmanni Group Corporation announced on 10 September 2024 that representatives from the four largest shareholders, as registered on 2 September 2024, have been elected to the Shareholders' Nomination Board. This board is tasked with preparing proposals for the composition and remuneration of the Board of Directors for the Annual General Meeting in 2025. Seppo Saastamoinen, Chairman of Tokmanni Group’s Board of Directors, will serve as an expert member. For further details, contact CFO Tapio Arimo or Head of IR and Communications Maarit Mikkonen. Tokmanni Group is a leading variety discount retailer in the Nordics with over 6,000 employees and more than 370 stores. In 2023, the Group reported a revenue of EUR 1,393 million and a comparable EBIT of EUR 99 million. Its shares are listed on Nasdaq Helsinki.

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Main Market, Helsinki News

Nyhetsuppdatering från Tokmanni Group Oyj

Övrig information som ska lämnas enligt börsens regler: Tokmanni Group Oyj:n osakkeenomistajien nimitystoimikunnan kokoonpano
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Nyhetsuppdatering från Tokmanni Group Oyj

Förändringar i återköpta aktier: Muutos Tokmanni Group Oyj:n omien osakkeiden lukumäärässä
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Main Market, Helsinki News

Nyhetsuppdatering från Tokmanni Group Oyj

Förändringar i återköpta aktier: Change in the holding of Tokmanni Group Corporation's own shares

Tokmanni Group Corporation announced that 452 of its own shares have been returned to the company as part of its long-term share-based incentive program, following the termination of employment of a key person. This brings the total number of shares held by Tokmanni to 20,609. Tokmanni is a leading variety discount retailer in the Nordics, with over 6,000 employees and more than 370 stores across Finland, Sweden, and Denmark. In 2023, the company reported a revenue of EUR 1,393 million and a comparable EBIT of EUR 99 million. Tokmanni's shares are listed on Nasdaq Helsinki. For more information, contact Maarit Mikkonen, Head of IR and Communications.