Tokmanni capital markets day 2021: Tokmanni seeks to maintain its strong growth and announces its new financial targets

Tokmanni Group Corporation        Stock exchange release        22 March 2021 at 10.00 am

Tokmanni's revenue has continued to grow and profitability has continued to improve robustly for several years. Tokmanni's strategy has proven its effectiveness. The revenue growth target and a comparable 9 percent EBIT margin were already reached in 2020.

“Tokmanni is updating its strategy for the years 2021 to 2025. It is a natural continuation of the company's strategy announced in 2018. We will continue our determined measures targeting strong growth and better profit. The growth target for revenue is set for the Finnish market. We will also evaluate the opportunities for international cooperation and expansion once the coronavirus crisis has calmed down. In the future, Tokmanni will offer its customers an even wider assortment of products at low prices using all channels,” says Mika Rautiainen, CEO of Tokmanni Group Corporation.

The cornerstones of the strategy are enhancing customer confidence and loyalty and improving cost-effectiveness. Key measures to achieve these are investments in the significant expansion of the assortment, low prices, easy shopping, an attractive customer experience, the expansion of the store network, personnel, responsibility and the efficiency of operations.

Financial targets

The Board of Directors of Tokmanni updated the Group's financial targets for the strategy period 2021–2025.

*Tokmanni’s goal is to increase the amount of stores every year around six new or relocated stores in Finland.
**The decision to distribute dividend is always dependent on capital structure, financial position, general economic and business conditions and future outlook.

Capital markets day

Tokmanni will hold a virtual capital markets day for analysts, investors and media representatives from 1 pm to 3 pm today, Monday 22 March 2021. Tokmanni’s management will present the elements of the company’s future growth and specified strategic targets at the event. The event will be held in English.

A live webcast will be available at https://ir.tokmanni.fi/fi/sijoittajat or through https://tokmanni.videosync.fi/2021-cmd. A recording of the presentation and the presentation materials will be available on the company website as soon as possible after the event.

Participants may also participate in a conference call in conjunction with the webcast by calling one of the following numbers and using the participation code provided below 5–10 minutes before the beginning of the meeting:

Finland: +358 9 8171 0310
Sweden: +46 85 664 2651
UK: +44 333 300 0804
United States: +1 631 913 1422
Participation code: 31917538#

For further information, please contact

Mika Rautiainen, CEO, Tokmanni Group Corporation
Tel: +358 20 728 6061
mika.rautiainen(a)tokmanni.fi

Tokmanni in brief

Tokmanni is Finland's leading general discount retailer by number of stores and revenue. In 2020, Tokmanni’s revenue totalled EUR 1,073.2 million, and the company had around 3,873 employees on average. Tokmanni is also the only nationwide general discount retailer in Finland, and it has nearly 200 stores around the country.

Distribution

Nasdaq Helsinki
Key media