Major Estimate Revision • May 15
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from €0.738 to €0.658 per share. Revenue forecast steady at €1.82b. Net income forecast to grow 13% next year vs 14% growth forecast for Multiline Retail industry in Finland. Consensus price target down from €7.60 to €6.95. Share price was steady at €6.36 over the past week. Price Target Changed • May 13
Price target decreased by 8.6% to €6.95 Down from €7.60, the current price target is an average from 4 analysts. New target price is 9.4% above last closing price of €6.36. Stock is down 54% over the past year. The company is forecast to post earnings per share of €0.66 for next year compared to €0.62 last year. Reported Earnings • May 11
First quarter 2026 earnings: EPS misses analyst expectations First quarter 2026 results: €0.32 loss per share (further deteriorated from €0.32 loss in 1Q 2025). Revenue: €364.7m (up 6.7% from 1Q 2025). Net loss: €18.9m (loss widened 1.6% from 1Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 36%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 20% per year. Valuation Update With 7 Day Price Move • May 08
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €6.45, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Multiline Retail industry in Europe. Total loss to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €12.51 per share. Upcoming Dividend • Apr 22
Upcoming dividend of €0.17 per share Eligible shareholders must have bought the stock before 29 April 2026. Payment date: 13 May 2026. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of Finnish dividend payers (5.2%). Higher than average of industry peers (1.3%). Declared Dividend • Apr 04
Dividend of €0.17 announced Shareholders will receive a dividend of €0.17. Ex-date: 29th April 2026 Payment date: 13th May 2026 Dividend yield will be 2.3%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 50% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Mar 09
Price target decreased by 9.9% to €7.60 Down from €8.43, the current price target is an average from 3 analysts. New target price is 8.2% above last closing price of €7.03. Stock is down 45% over the past year. The company is forecast to post earnings per share of €0.73 for next year compared to €0.62 last year. Reported Earnings • Mar 08
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: €0.62 (down from €0.82 in FY 2024). Revenue: €1.73b (up 3.5% from FY 2024). Net income: €36.4m (down 25% from FY 2024). Profit margin: 2.1% (down from 2.9% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.6%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 19% per year. Price Target Changed • Mar 04
Price target increased by 7.9% to €9.10 Up from €8.43, the current price target is an average from 3 analysts. New target price is 9.2% above last closing price of €8.33. Stock is down 41% over the past year. The company is forecast to post earnings per share of €0.65 for next year compared to €0.82 last year. Announcement • Jan 30
Tokmanni Group Corporation Announces Chief Sourcing and Buying Officer Changes Tokmanni Group Corporation announced that Janne Pihkala has been appointed as Chief Sourcing and Buying Officer and a member of the Executive Team of the company. He will start his position on February 1, 2026 and report to CEO Mika Rautiainen. Pihkala replaces the current Chief Sourcing and Buying Officer Juha Valtonen, who is leaving the company as previously announced. Janne Pihkala has served as Chief Strategy and Development Officer and as a member of the Executive Team of Tokmanni Group since 2018. Previously, Pihkala worked as an Investment Manager at Takoa Invest Ltd., among others. Announcement • Jan 21
Tokmanni Group Corporation Announces Departure of Chief Sourcing and Buying Officer Juha Valtonen, Effective April 19, 2026 Tokmanni Group Corporation's Chief Sourcing and Buying Officer and member of the Executive Team, Juha Valtonen, has decided to pursue new opportunities outside the company. He will continue in his current role until April 19, 2026. The recruitment process for a new Chief Sourcing and Buying Officer will commence immediately. Following this change, the members of Tokmanni Group's Executive Team are: Mika Rautiainen, CEO; Tapio Arimo, CFO; Nina Anttila, Chief Supply Chain Officer; Timo Heimo, Dollarstore's Managing Director; Sirpa Huuskonen, Chief People, Culture and Sustainability Officer; Virpi Ojanen, Chief Legal Officer; Janne Pihkala, Chief Strategy and Development Officer. Announcement • Jan 09
Tokmanni Group Corporation Announces Changes in Board Composition Tokmanni Group Corporation announced that the Current member of the Board of Directors Ulla Serlenius has notified that she is no longer available to be elected as a member of the Board. Recent Insider Transactions • Nov 20
CFO, CIO recently bought €71k worth of stock On the 17th of November, Tapio Arimo bought around 10k shares on-market at roughly €7.06 per share. This transaction amounted to 95% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Tapio's only on-market trade for the last 12 months. Reported Earnings • Nov 18
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: €0.24 (down from €0.28 in 3Q 2024). Revenue: €433.7m (up 3.9% from 3Q 2024). Net income: €14.4m (down 13% from 3Q 2024). Profit margin: 3.3% (down from 4.0% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 20% per year. Price Target Changed • Nov 17
Price target decreased by 14% to €8.30 Down from €9.63, the current price target is an average from 3 analysts. New target price is 19% above last closing price of €6.96. Stock is down 40% over the past year. The company is forecast to post earnings per share of €0.63 for next year compared to €0.82 last year. Announcement • Nov 17
Tokmanni Group Corporation Decides Not to Exercise Its Authorisation to Pay A Second Dividend Instalment for the Financial Year Ending 31 December 2024 The Board of Directors of Tokmanni Group Corporation has decided not to exercise its authorisation to pay a second dividend instalment for the financial year ending 31 December 2024. The decision takes into account Tokmanni Group's upcoming investments in store locations, strategic projects, and IT systems, as well as the current structure of the company's balance sheet. Tokmanni Group Board's aim is to strengthen the company's balance sheet and to ensure the funding of investments and growth. Announcement • Nov 16
Tokmanni Group Oyj Revises Earnings Guidance for the Full Year 2025 Tokmanni Group Oyj revised earnings guidance for the full year 2025. for the year, the company expects its revenue to be EUR 1,710 million - EUR 1,750 million against EUR 1,700 million - EUR 1,790 million expected previously. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €7.29, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 17x in the Multiline Retail industry in Europe. Total loss to shareholders of 35% over the past three years. Announcement • Aug 19
Tokmanni Group Oyj (HLSE:TOKMAN) commences an Equity Buyback Plan for 2,940,000 shares, representing 5% of its issued share capital, under the authorization approved on May 7, 2025. Tokmanni Group Oyj (HLSE:TOKMAN) commences share repurchases on August 19, 2025, under the program mandated by the shareholders in the Annual General Meeting held on May 7, 2025. As per the mandate, the company is authorized to repurchase up to 2,940,000 shares, representing 5% of its issued share capital. The company may repurchase its shares to execute its incentive scheme, corporate acquisitions or other business arrangements, or investments related to the company’s operations, to improve its capital structure, or to be otherwise further transferred, retained by the company or cancelled. The authority will be valid until the conclusion of next Annual General Meeting in 2026, or June 30, 2026, whichever is earlier. As of April 11, 2025, the company had 58,868,752 shares in outstanding and 11,935 shares in treasury.
On August 18, 2025, the company announced a share repurchase program. Under the program, the company will repurchase up to 375,000 shares, representing 0.64% of its issued share capital, for €3 million. The repurchased shares will be used for share-based incentive plans and other share-based remuneration. The program will commence from August 19, 2025, and will be valid till October 20, 2025. Reported Earnings • Aug 15
Second quarter 2025 earnings: EPS exceeds analyst expectations Second quarter 2025 results: EPS: €0.17 (down from €0.25 in 2Q 2024). Revenue: €444.4m (up 5.2% from 2Q 2024). Net income: €10.2m (down 31% from 2Q 2024). Profit margin: 2.3% (down from 3.5% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.3%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Jul 23
Consensus EPS estimates fall by 13% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from €0.847 to €0.735 per share. Revenue forecast steady at €1.74b. Net income forecast to grow 14% next year vs 26% growth forecast for Multiline Retail industry in Finland. Consensus price target down from €13.55 to €11.35. Share price fell 21% to €8.62 over the past week. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €8.90, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the Multiline Retail industry in Europe. Total loss to shareholders of 17% over the past three years. New Risk • Jul 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Finnish stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risks Dividend is not well covered by earnings (96% payout ratio). Share price has been volatile over the past 3 months (6.8% average weekly change). Announcement • Jul 18
Tokmanni Group Oyj Revises Earnings Guidance for the Full Year 2025 Tokmanni Group Oyj revised earnings guidance for the full year 2025. for the year, the company expects its revenue to be EUR 1,700 million-EUR 1,790 million. Comparable EBIT is expected to be EUR 85 million- EUR 105 million against revenue of EUR 1,720 million-EUR 1,820 million and Comparable EBIT of EUR 100 million-EUR 130 million expected previously. Announcement • Jul 06
Tokmanni Group Oyj Announces CEO Changes Tokmanni Group Oyj has appointed Sampo Päällysaho as CEO of Tokmanni Group. Päällysaho will start in his new role on 6 July 2026 at the latest. Sampo Päällysaho has extensive and broad experience from various leadership roles within the retail sector. In addition, he has strategic vision, leadership qualities and capabilities for value creation to customers and shareholders alike, all characteristics required from Tokmanni Group's CEO. Sampo Päällysaho (born in 1972) currently serves as Senior Vice President (Groceries) at SOK. Prior to this, he has acted as the Senior Vice President (Consumer Goods) with SOK, as Managing Director of Clas Ohlson Oy, Trading Director of Kesko Food Ltd, Trade Director in AMS Sourcing B.V. and Marketing and Sales Director in K-Citymarket Chain. In addition, he serves as Board member of Coop Trading A/S and Ruokatieto Yhdistys ry as well as Vice Chair of the Board of Inex Partners Oy and Chair of the Board of Pro Luomu ry. Päällysaho holds an M.Sc. in Economics. Mika Rautiainen, who has served as the Tokmanni Group's CEO since 2018, had asked the Board of Directors to consider his approaching retirement age in his succession planning. Rautiainen will turn 64 next year. Tokmanni Group's Board of Directors today appointed a new CEO to succeed Rautiainen. Rautiainen continues to serve as the CEO until the new CEO assumes the role, however no later than 5 July 2026. Major Estimate Revision • May 23
Consensus EPS estimates fall by 20% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from €1.06 to €0.846 per share. Revenue forecast steady at €1.75b. Net income forecast to grow 30% next year vs 30% growth forecast for Multiline Retail industry in Finland. Consensus price target down from €14.50 to €13.55. Share price fell 7.3% to €10.80 over the past week. New Risk • May 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Finnish stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.7% average weekly change). Reported Earnings • May 16
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: €0.32 loss per share (further deteriorated from €0.21 loss in 1Q 2024). Revenue: €343.1m (up 1.1% from 1Q 2024). Net loss: €18.6m (loss widened 54% from 1Q 2024). Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 62%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Upcoming Dividend • May 02
Upcoming dividend of €0.34 per share Eligible shareholders must have bought the stock before 08 May 2025. Payment date: 21 May 2025. Payout ratio and cash payout ratio are on the higher end at 83% and 81% respectively. Trailing yield: 4.9%. Lower than top quartile of Finnish dividend payers (6.1%). Higher than average of industry peers (1.3%). Announcement • Apr 08
Tokmanni Group Oyj Announces Board Changes The Shareholders' Nomination Board of Tokmanni Group Corporation has decided to amend its proposal for the election of the Chairman of the Board of Directors to the Annual General Meeting 2025. The current Chairman of the Board and the nominee for the Chairman according to the stock exchange release published on 22 January 2025, Seppo Saastamoinen, has notified the Nomination Board that he is no longer available for the position of Chairman of the Board due to personal reasons. The Nomination Board proposes to the Annual General Meeting, as previously announced, that Seppo Saastamoinen be re-elected as a member of the Board of Directors. Saastamoinen has been the Chairman of the Board of Tokmanni Group for seven years and a member of the Board since 2013. Current Member of the Board of Directors Harri Sivula has notified that he is no longer available to be elected as a member of the Board. The Nomination Board consists of Hanna Kaskela, a representative nominated by Varma Mutual Pension Insurance Company, Esko Torsti, a representative nominated by Ilmarinen Mutual Pension Insurance Company, Ville Tiainen, a representative nominated by Evli Fund Management Company and Jari Sonninen, a representative nominated by Takoa Invest Oy as well as Seppo Saastamoinen as an expert member. Tokmanni Group’s Nomination Board is chaired by Jari Sonninen. Reported Earnings • Mar 09
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: €0.82 (down from €0.92 in FY 2023). Revenue: €1.68b (up 20% from FY 2023). Net income: €48.4m (down 10% from FY 2023). Profit margin: 2.9% (down from 3.9% in FY 2023). The decrease in margin was driven by higher expenses. Like-for-like sales growth: 1.0% vs FY 2023 Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.0%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Mar 08
Tokmanni Group Oyj Proposes Dividend for the Financial Year Ended 31 December 2024 The Board of Directors of Tokmanni Group Oyj proposes to the Annual General Meeting that, based on the approved balance sheet for the financial year ended 31 December 2024, a maximum dividend of EUR 0.68 per share be distributed. The Board of Directors proposes that the dividend be paid in two instalments. Price Target Changed • Mar 07
Price target increased by 7.3% to €15.50 Up from €14.45, the current price target is an average from 3 analysts. New target price is 22% above last closing price of €12.73. Stock is down 19% over the past year. The company is forecast to post earnings per share of €1.15 for next year compared to €0.77 last year. Announcement • Mar 07
Tokmanni Group Oyj Provides Revenue Guidance for 2025 Tokmanni Group Oyj provided revenue guidance for 2025. In 2025, Tokmanni Group expects its revenue to be EUR 1,720 million to EUR 1,820 million. Announcement • Feb 18
Tokmanni Group Oyj to Report Fiscal Year 2024 Final Results on Apr 11, 2025 Tokmanni Group Oyj announced that they will report fiscal year 2024 final results at 10:00 AM, USSR Zone1 on Apr 11, 2025 Price Target Changed • Feb 11
Price target increased by 11% to €14.45 Up from €13.08, the current price target is an average from 4 analysts. New target price is 5.1% above last closing price of €13.75. Stock is down 11% over the past year. The company is forecast to post earnings per share of €0.88 for next year compared to €0.92 last year. Announcement • Jan 16
Tokmanni Group Announces Executive Team Changes Tokmanni Group is making changes in its Executive Team to drive Group’s international growth. Tokmanni Group's long-term vision is to become the leading discount retailer in Northern Europe. Anders Kind, Managing Director of Sweden and Denmark, has been appointed as a new member of the Group’s Executive Team. Previous members of the Executive Team, Vice Presidents Harri Koponen and Veli-Pekka Ääri will take on broader responsibilities for the commercial management of the Finnish operations and the growth of the SPAR business. As a result of these changes, the Tokmanni Group Executive Team will, as of 16 January 2025, consist of the following members: Mika Rautiainen, Group CEO, Tapio Arimo, CFO and CIO, Deputy to CEO, Timo Heimo, Chief Supply Chain Officer, Sirpa Huuskonen, Chief People, Culture and Sustainability Officer, Anders Kind, Managing Director, Sweden and Denmark, Virpi Ojanen, Chief Legal Officer, Janne Pihkala, Chief Strategy and Development Officer, and Juha Valtonen, Chief Sourcing and Buying Officer. Declared Dividend • Nov 18
First half dividend of €0.38 announced Dividend of €0.38 is the same as last year. Ex-date: 19th November 2024 Payment date: 28th November 2024 Dividend yield will be 6.6%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is not covered by earnings (108% earnings payout ratio). However, it is well covered by cash flows (42% cash payout ratio). The dividend has increased by an average of 8.0% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 20% to bring the payout ratio under control. EPS is expected to grow by 82% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. New Risk • Nov 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Finnish stocks, typically moving 5.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risks Dividend is not well covered by earnings (108% payout ratio). Share price has been volatile over the past 3 months (5.1% average weekly change). Profit margins are more than 30% lower than last year (2.6% net profit margin). Announcement • Sep 10
Tokmanni Group Corporation Announces Appointments of Members of Nomination Board Representatives of the four largest shareholders registered in Tokmanni Group Corporation's shareholder register as of 2 September 2024 are elected to the Tokmanni Group’s Shareholders' Nomination Board. The Nomination Board is responsible for preparing proposals covering the composition of the Board of Directors and remuneration of the Board members to the Annual General Meeting 2025. The four largest shareholders have nominated following members to the Shareholders Nomination Board: Takoa Invest, Jari Sonninen Varma Mutual Pension Insurance Company, Hanna Kaskela Ilmarinen Mutual Pension Insurance Company, Esko Torsti Evli Fund Management Company, Ville Tiainen Seppo Saastamoinen, Chairman of Tokmanni Group’s Board of Directors, acts as an expert member of the Shareholders' Nomination Board. Recent Insider Transactions • Aug 23
Chairman of the Board recently bought €1.1m worth of stock On the 21st of August, Seppo Saastamoinen bought around 100k shares on-market at roughly €10.88 per share. This transaction amounted to 39% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €1.9m. Seppo has been a buyer over the last 12 months, purchasing a net total of €3.0m worth in shares. Reported Earnings • Aug 18
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: €0.25 (down from €0.33 in 2Q 2023). Revenue: €423.3m (up 33% from 2Q 2023). Net income: €14.8m (down 25% from 2Q 2023). Profit margin: 3.5% (down from 6.1% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 23% per year. Price Target Changed • Aug 14
Price target decreased by 7.5% to €14.58 Down from €15.75, the current price target is an average from 4 analysts. New target price is 28% above last closing price of €11.39. Stock is down 18% over the past year. The company is forecast to post earnings per share of €0.86 for next year compared to €0.92 last year. Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €11.17, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Multiline Retail industry in Europe. Total loss to shareholders of 48% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €20.66 per share. Announcement • Jul 24
Tokmanni Group Oyj Revises Earnings Guidance for the Year 2024 Tokmanni Group Oyj revised earnings guidance for the year 2024. For the year, the company now expects its revenue to be EUR 1,650 million to EUR 1,730 million. Comparable EBIT is expected to be EUR 98 million to EUR 118 million compared to previous guidance of revenue to be EUR 1,660 million to EUR 1,760 million. Comparable EBIT is expected to be EUR 110 million to EUR 130 million. Recent Insider Transactions • Jun 10
Chairman of the Board recently bought €1.9m worth of stock On the 5th of June, Seppo Saastamoinen bought around 139k shares on-market at roughly €13.59 per share. This transaction increased Seppo's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Seppo has been a buyer over the last 12 months, purchasing a net total of €1.9m worth in shares. Reported Earnings • May 19
First quarter 2024 earnings: EPS misses analyst expectations First quarter 2024 results: €0.21 loss per share (further deteriorated from €0.073 loss in 1Q 2023). Revenue: €339.2m (up 42% from 1Q 2023). Net loss: €12.1m (loss widened 181% from 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 21%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has fallen by 16% per year and the company’s share price has also fallen by 16% per year. Announcement • May 18
Tokmanni Group Oyj Provides Earnings Guidance for the Year 2024 Tokmanni Group Oyj provided earnings guidance for the year 2024. In 2024, the company expects its revenue to be EUR 1,660 million to EUR 1,760 million. Comparable EBIT is expected to be EUR 110 million to EUR 130 million. Announcement • Apr 24
Tokmanni Group Oyj Approves Dividends for the Financial Year Ended December 31, 2023, Payable on May 8, 2024 Tokmanni Group Oyj at its AGM held on April 23, 2024 approved dividends of EUR 0.76 per share, or a total of EUR 44,706,782.64, be distributed as dividend for the financial year ended 31 December 2023. Of this dividend, EUR 0.38 will be paid to shareholders who are registered in the company’s shareholder register maintained by Euroclear Finland Ltd. on the record date of the payment of the dividend, which is 25 April 2024. The dividend payment date is 8 May 2024. The remainder of the distributable assets will remain in equity. Upcoming Dividend • Apr 17
Upcoming dividend of €0.38 per share Eligible shareholders must have bought the stock before 24 April 2024. Payment date: 08 May 2024. Payout ratio is on the higher end at 83%, however this is supported by cash flows. Trailing yield: 5.0%. Lower than top quartile of Finnish dividend payers (5.7%). Higher than average of industry peers (1.3%).