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Earnings Calls

Last Earnings Call

Fiscal Period
Q2 2026
Call Date
Aug 7, 2026
AI Summary
Q2 2026

Revenue growth: Tokmanni Group revenue rose 3.3% to EUR 457.7 million, helped by low-price campaigns, higher footfall, and a stronger average basket in both Finland and the Dollarstore markets.

Profitability: Comparable EBIT was broadly flat at EUR 21 million, as stronger sales were offset by higher operating expenses in Dollarstore from new store openings and development projects.

Cash flow: Quarterly cash flow was EUR 45.7 million, and first-half cash flow was EUR 31.9 million, both described as very solid thanks to working-capital discipline.

Guidance unchanged: Management kept full-year 2026 guidance unchanged for revenue of EUR 1.78 billion to EUR 1.86 billion and comparable EBIT of EUR 85 million to EUR 105 million.

Dollarstore turnaround: Management said the assortment reset and common campaign strategy are boosting sales, with like-for-like customer visits turning positive in June and baskets up 4.2% in the Dollarstore segment.

Strategy update: Tokmanni is expanding shared assortment to 6,700 SKUs, launching SPAR products in Finland and later Sweden, and bringing in two new executives to support strategy and the Dollarstore business.

Key Financials
Revenue
EUR 457.7 million
Like-for-like revenue
up 0.3%
Comparable gross profit
EUR 158.5 million
Comparable gross margin
34.6%
Comparable EBIT
EUR 21 million
Cash flow
EUR 45.7 million
Tokmanni segment revenue
EUR 329.6 million
Tokmanni comparable EBIT
EUR 22.3 million
Tokmanni comparable EBIT margin
6.8%
Dollarstore segment revenue
EUR 130.2 million
Dollarstore comparable EBIT margin
-0.3%
Dollarstore basket size
up 4.2%
Private label share
26.3%
Common assortment SKUs
6,700
Tokmanni Klubi members
1.6 million
Inventory
about EUR 20 million less than a year ago
Tokmanni inventory
EUR 312.3 million
Dollarstore inventory write-down
EUR 12 million
Bank debt and bond debt
EUR 293.4 million
Lease liabilities
EUR 617.7 million
Net debt / comparable EBITDA
4.11x
First-half cash flow
EUR 31.9 million
Capital expenditure
EUR 8.2 million
Earnings Call Recording

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