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

Transaktioner utförda av personer i ledande ställning: Tokmanni Group Oyj: Johtohenkilöiden liiketoimet - Tapio Arimo
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Transaktioner utförda av personer i ledande ställning: Tokmanni Group Corporation: Managers' Transactions - Tapio Arimo

On 9 September 2024, Tokmanni Group Corporation reported a manager's transaction involving Chief Financial Officer Tapio Arimo. The initial notification, with reference number 76845/5/8, detailed Arimo's acquisition of shares on two separate dates. On 5 September 2024, he acquired 5,000 shares at a volume-weighted average price of 10.6 EUR per share at the OMXH venue. On 6 September 2024, he acquired an additional 2,000 shares at a volume-weighted average price of 10.45 EUR per share at the same venue. For further information, contact Maarit Mikkonen, Head of IR and Communications. Tokmanni Group Corporation 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 Group's revenue was EUR 1,392.7 million, and its shares are listed on Nasdaq Helsinki.

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Main Market, Helsinki News

Nyhetsuppdatering från Tokmanni Group Oyj

Transaktioner utförda av personer i ledande ställning: Tokmanni Group Corporation: Managers' Transactions - Seppo Saastamoinen

On August 22, 2024, Tokmanni Group Corporation reported managers' transactions involving Seppo Saastamoinen, a member of the Board/Deputy member. The transactions were initial notifications involving the acquisition of shares on various dates and venues. On August 20, 2024, 30,000 shares were acquired on NASDAQ Helsinki at a unit price of 10.87 EUR. On August 21, 2024, multiple acquisitions totaling 971 shares occurred at BEUP with a volume-weighted average price of 10.87659 EUR, 29 shares at TQEA at 10.9 EUR, and 69,000 shares on NASDAQ Helsinki at 10.9 EUR. For further information, contact Maarit Mikkonen, Head of IR and Communications. 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's revenue was EUR 1,392.7 million, and its shares are listed on Nasdaq Helsinki.

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Nyhetsuppdatering från Tokmanni Group Oyj

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

Nyhetsuppdatering från Tokmanni Group Oyj

Transaktioner utförda av personer i ledande ställning: Tokmanni Group Corporation: Managers' Transactions - Sompa Capital Oy

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.

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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 - Sompa Capital Oy
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Main Market, Helsinki News

Nyhetsuppdatering från Tokmanni Group Oyj

Halvårsrapport: Tokmanni Group Oyj:n puolivuosikatsaus tammi-kesäkuu 2024: Tiukka markkinatilanne ja myöhässä alkanut kevätsesonki vaikuttivat liikevaihtoon ja liikevoittoon

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Nyhetsuppdatering från Tokmanni Group Oyj

Halvårsrapport: Tokmanni Group Corporation Half-Year Financial Report January-June 2024: Tight market and late start of spring season impacted revenue and EBIT

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.

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Nyhetsuppdatering från Tokmanni Group Oyj

Insiderinformation: Sisäpiiritieto, tulosvaroitus: Tokmanni-konserni laskee vuoden 2024 ohjeistusta ja antaa ennakkotietoja ensimmäisen vuosipuoliskon taloudellisesta kehityksestä
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Nyhetsuppdatering från Tokmanni Group Oyj

Insiderinformation: Inside information, profit warning: Tokmanni Group lowers its guidance for 2024 and provides preliminary information on its financial performance for the first half of the year

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.