Tokmanni Group’s Business Review for 1 January–31 March 2024: Strong growth in challenging market conditions
Tokmanni Group Corporation Business Review Unaudited 17 May 2024 at 8:00 amFIRST QUARTER 2024 HIGHLIGHTS · Tokmanni Group revenue grew by 42.4% (4.7%) and was EUR 339.2 million (238.2) · Like-for-like revenue increased by 1.7% (2.7%) · Comparable gross profit totalled EUR 115.4 million (75.5) with the comparable gross margin being 34.0% (31.7%) · Comparable EBIT amounted to EUR -5.1 million (-2.2), representing -1.5% of revenue (-0.9%) · Cash flow from operating activities amounted to EUR -40.0 million (-12.9) · Earnings per share, diluted was EUR -0.