TOKMANNI GROUP PROVIDES PRELIMINARY REVENUE INFORMATION

TOKMANNI GROUP CORPORATION        STOCK EXCHANGE RELEASE     8 January 2018  12:00 EET

TOKMANNI GROUP PROVIDES PRELIMINARY REVENUE INFORMATION

Tokmanni Group Corporation provides preliminary information on its fourth quarter and full year 2017 revenue. According to its preliminary calculations, Tokmanni’s last quarter revenue grew 4.4 % to approximately EUR 248.6 million (238.1) and Like-for-Like revenue decreased by approximately -0.9 %. The Group’s Like-for-Like revenue developed well in December but in October and November Like-for-Like revenue decreased compared to the previous year and therefore the last quarter’s Like-for-Like revenue development was slightly negative. According to preliminary calculations full year revenue grew 2.7 % to approximately EUR 796.6 million (775.8) and Like-for-Like revenue decreased by approximately -1.3%. Reviewing Tokmanni’s half year Like-for-Like revenue development it can be noted that during the first half revenue development was -2.7 % and during the second half -0.2 % year on year. In 2017, Tokmanni opened 13 new stores whereas the average amount is approximately 5 new stores per year. All numbers mentioned above are based on unaudited preliminary financial information of the reporting period.

OUTLOOK FOR 2017 PUBLISHED IN CONNECTION WITH THE THIRD QUARTER BUSINESS REVIEW:

Tokmanni expects revenue growth for 2017 based on the revenue from new stores opened in 2016 and 2017. Revenue of like-for-like stores is expected to remain at the level of the previous year. Group profitability (comparable EBITDA%) is expected to decrease from last year’s level.

PUBLICATION OF THE FINANCIAL STATEMENT RELEASE
Tokmanni will publish the 2017 Financial Statements release on Friday 9 February 2018. The 2017 Financial statements and sustainability report will be published during week 8.

Tokmanni Group Corporation

Board of Directors

For further information, please contact:

Harri Sivula

Chairman of the Board, Interim CEO

Tel. +358 50 656 92

Harri.sivula@tokmanni.fi

Markku Pirskanen

CFO

Tel: +358 20 728 7390

markku.pirskanen(a)tokmanni.fi

Joséphine Mickwitz

Head of IR and Communications

Tel. +358 400 784 889

josephine.mickwitz@tokmanni.fi

Tokmanni in brief

Tokmanni is the largest general discount retailer in Finland measured by number of stores and revenue. In 2016, Tokmanni’s revenue was EUR 776 million and on average it had approximately 3,200 employees. Tokmanni is the only nationwide general discount retailer in Finland, with 162 stores across Finland as at 31 December 2016. 

Distribution:

Nasdaq Helsinki

Key Media

Subscribe