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 Inside information 23 July 2024 at 7:00 pmTokmanni Group's second quarter sales were affected by the late start of the spring season. Consumer confidence is expected to remain weak especially in Finland during the remainder of the year, and in addition the increase in VAT in Finland on 1 September 2024 and higher freight costs than previous year are expected to have a negative impact on profitability during the second half of the year. New guidance for 2024 In 2024, Tokmanni Group expects its revenue to be EUR 1,650–1,730 million. Comparable