Tokmanni Group Oyj
TOKMAN
ISIN FI4000197934 / Valor 32302786
Tokmanni Group Oyj
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About company
Tokmanni Group Oyj is Finland’s largest discount retailer, operating a nationwide network of brick-and-mortar stores supported by an e-commerce channel and centralized logistics; it sells a broad assortment of everyday consumer goods — household and homeware, textiles and clothing, seasonal and leisure items, DIY and hobby products, beauty and personal care and limited grocery assortments — through a mix of third‑party brands and private labels. The company’s retail model centers on high-volume purchasing, category management and cost-efficient distribution to sustain low-price positioning across physical stores and online, and as a publicly listed company on Nasdaq Helsinki it derives the bulk of its revenue from retail sales while managing store openings, inventory and supply-chain operations to defend and grow its share of the Finnish discount market.
Summarized from source with an LLMView SourceSector: Consumer ServicesLatest Results (22.01.2026):
Tokmanni Group Oyj — fourth quarter 2024: revenue rose to EUR 496.9m (+5.5% YoY; like‑for‑like +3.6%), comparable EBIT was EUR 47.5m (+2.7% YoY) with a comparable EBIT margin of 9.6%, and diluted EPS was EUR 0.50. Gross margin eased and operating cash flow declined in Q4, while integration of Dollarstore progressed and the Board proposes a dividend.
Revenue and like‑for‑like sales (Q4 2024)
Group revenue in Q4 2024 was EUR 496.9m (up 5.5% YoY). Like‑for‑like revenue increased 3.6%. Tokmanni segment: EUR 365.5m (+4.0%). Dollarstore segment: EUR 132.4m (+10.5%).
Profitability (Q4 2024)
Comparable gross profit was EUR 177.3m (gross margin 35.7%, down from 36.5%); comparable EBIT was EUR 47.5m (up 2.7% YoY) representing 9.6% of revenue. Diluted EPS for the quarter was EUR 0.50.
Cash flow and financing
Cash flow from operating activities in Q4 was EUR 76.5m (Q4 2023: EUR 116.5m). Cash and equivalents were EUR 15.9m at year‑end. In December Tokmanni signed a new EUR 325m financing package (EUR 250m term loan + EUR 75m RCF).
Balance sheet and leverage
Net debt reported was EUR 816.3m (net debt excluding lease liabilities EUR 255.3m). Net debt / comparable EBITDA (excluding IFRS 16) was 2.39; the Group’s target is to keep this ratio below 2.25 at year‑end.
Segments and store network
At 31 Dec 2024 Tokmanni Group had 380 stores (Tokmanni segment 240, Dollarstore segment 140). Tokmanni segment Q4 comparable EBIT was EUR 37.0m; Dollarstore Q4 comparable EBIT was EUR 11.4m. Customer visits and total customers grew in Q4.
Dividend proposal
The Board proposes a maximum dividend of EUR 0.68 per share to the AGM, to be paid in two instalments.
Outlook for 2025
Tokmanni Group expects 2025 revenue of EUR 1,720–1,820m and comparable EBIT of EUR 100–130m.
Integration, synergies and strategic moves
Dollarstore integration continued as planned; annual synergies reached EUR 13.3m by end‑2024 with a target above EUR 15m. The Group also signed a licence agreement with SPAR International—SPAR products are planned to appear in Tokmanni stores by summer 2025.
Risks / notable headwinds
Q4 margin pressure reflected higher share of grocery and promotional sales and cautious consumer baskets. Inventories increased (EUR 428.4m year‑end), contributing to lower operating cash flow for the period.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
558 M
Market cap (USD)
140,040
Daily traded volume (Shares)
12.37 / 12.24
1 day high/low (USD)
52 weeks high/low (USD)
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