Tokmanni Group’s new segment reporting

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Tokmanni Group Corporation     Stock exchange release     22 March 2024 at 8:05 a.m.

Tokmanni Group Corporation has changed its segment reporting because of the Dollarstore acquisition. Going forward, Tokmanni Group will have two reportable segments, Tokmanni and Dollarstore. Tokmanni includes Tokmanni, Miny, Click Shoes and Shoe House stores, as well as the Tokmanni and Click Shoes online stores. Dollarstore consists of Dollarstore and Bigdollar stores.

The figures of the Dollarstore business have been consolidated with those of the Tokmanni Group as of 1 August 2023.  The key figures for the period 1 January 2022–31 December 2023 according to the new segment reporting are presented below.

Key figures according to the new segment reporting

Q1/2022  Tokmanni Dollarstore Group functions and eliminations Total
Revenue, MEUR 227.4 0.0 0.0 227.4
Like-for-like revenue, % -2.7 0.0 0.0 -2.7
Comparable gross profit, MEUR 73.7 0.0 0.0 73.7
Comparable gross profit, % 32.4 0.0 0.0 32.4
Comparable EBIT, MEUR -0.2 0.0 -0.3 -0.5
Comparable EBIT, % -0.1 0.0 0.0 -0.2
Return on capital employed, %, rolling 12 months 16.4 0.0 0.0 16.3
Inventories at the end of period, MEUR 305.9 0.0 0.0 305.9
Net capital expenditure, MEUR 10.8 0.0 0.0 10.8
Number of stores at the end of period 197 0 0 197
Q2/2022  Tokmanni Dollarstore Group functions and eliminations Total
Revenue, MEUR 306.7 0.0 0.0 306.7
Like-for-like revenue, % -1.5 0.0 0.0 -1.5
Comparable gross profit, MEUR 106.9 0.0 0.0 106.9
Comparable gross profit, % 34.8 0.0 0.0 34.8
Comparable EBIT, MEUR 27.4 0.0 -0.4 27.0
Comparable EBIT, % 8.9 0.0 0.0 8.8
Return on capital employed, %, rolling 12 months 15.1 0.0 0.0 15.0
Inventories at the end of period, MEUR 313.9 0.0 0.0 313.9
Net capital expenditure, MEUR 11.6 0.0 0.0 11.6
Number of stores at the end of period 197 0 0 197
Q3/2022  Tokmanni Dollarstore Group functions and eliminations Total
Revenue, MEUR 294.9 0.0 0.0 294.9
Like-for-like revenue, % 2.1 0.0 0.0 2.1
Comparable gross profit, MEUR 97.9 0.0 0.0 97.9
Comparable gross profit, % 33.2 0.0 0.0 33.2
Comparable EBIT, MEUR 23.7 0.0 -0.2 23.5
Comparable EBIT, % 8.0 0.0 0.0 8.0
Return on capital employed, %, rolling 12 months 14.3 0.0 0.0 14.1
Inventories at the end of period, MEUR 332.3 0.0 0.0 332.3
Net capital expenditure, MEUR 11.4 0.0 0.0 11.4
Number of stores at the end of period 198 0 0 198
Q4/2022  Tokmanni Dollarstore Group functions and eliminations Total
Revenue, MEUR 339.0 0.0 0.0 339.0
Like-for-like revenue, % -1.0 0.0 0.0 -1.0
Comparable gross profit, MEUR 119.5 0.0 0.0 119.5
Comparable gross profit, % 35.2 0.0 0.0 35.2
Comparable EBIT, MEUR 36.0 0.0 -0.3 35.8
Comparable EBIT, % 10.6 0.0 0.0 10.5
Return on capital employed, %, rolling 12 months 13.4 0.0 0.0 13.2
Inventories at the end of period, MEUR 281.3 0.0 0.0 281.3
Net capital expenditure, MEUR 20.5 0.0 0.0 20.5
Number of stores at the end of period 202 0 0 202
Q1/2023  Tokmanni Dollarstore Group functions and eliminations Total
Revenue, MEUR 238.2 0.0 0.0 238.2
Like-for-like revenue, % 2.7 0.0 0.0 2.7
Comparable gross profit, MEUR 75.5 0.0 0.0 75.5
Comparable gross profit, % 31.7 0.0 0.0 31.7
Comparable EBIT, MEUR -1.9 0.0 -0.3 -2.2
Comparable EBIT, % -0.8 0.0 0.0 -0.9
Return on capital employed, %, rolling 12 months 12.9 0.0 0.0 12.7
Inventories at the end of period, MEUR 300.7 0.0 0.0 300.7
Net capital expenditure, MEUR 18.3 0.0 0.0 18.3
Number of stores at the end of period 231 0 0 231
Q2/2023  Tokmanni Dollarstore Group functions and eliminations Total
Revenue, MEUR 318.9 0.0 0.0 318.9
Like-for-like revenue, % 1.0 0.0 0.0 1.0
Comparable gross profit, MEUR 115.1 0.0 0.0 115.1
Comparable gross profit, % 36.1 0.0 0.0 36.1
Comparable EBIT, MEUR 28.8 0.0 -0.3 28.5
Comparable EBIT, % 9.0 0.0 0.0 8.9
Return on capital employed, %, rolling 12 months 13.0 0.0 0.0 12.8
Inventories at the end of period, MEUR 292.0 0.0 0.0 292.0
Net capital expenditure, MEUR 15.0 0.0 0.0 15.0
Number of stores at the end of period 235 0 0 235
Q3/2023 Tokmanni Dollarstore Group functions and eliminations Total
Revenue, MEUR 300.0 64.3 0.0 364.3
Like-for-like revenue, % -1.0 7.0 0.0 0.3
Comparable gross profit, MEUR 102.3 24.6 0.0 126.9
Comparable gross profit, % 34.1 38.3 0.0 34.8
Comparable EBIT, MEUR 24.9 1.8 -0.4 26.4
Comparable EBIT, % 8.3 2.9 0.0 7.2
Return on capital employed, %, rolling 12 months 12.8 0.0 0.0 11.9
Inventories at the end of period, MEUR 283.4 92.5 0.0 375.8
Net capital expenditure, MEUR 187.5 0.5 0.0 188.0
Number of stores at the end of period 236 133 0 369
Q4/2023 Tokmanni Dollarstore Group functions and eliminations Total
Revenue, MEUR 351.5 119.8 -0.1 471.2
Like-for-like revenue, % 0.6 2.1 0.0 1.0
Comparable gross profit, MEUR 122.6 49.5 -0.1 172.0
Comparable gross profit, % 34.9 41.3 36.5
Comparable EBIT, MEUR 36.1 10.7 -0.6 46.2
Comparable EBIT, % 10.3 9.0 9.8
Return on capital employed, %, rolling 12 months 12.5 0.0 0.0 11.6
Inventories at the end of period, MEUR 248.8 94.1 0.0 342.9
Net capital expenditure, MEUR 15.7 1.8 0.0 17.5
Number of stores at the end of period 238 134 0 372

For further information, please contact

Tapio Arimo, CFO, tel. +358 20 728 7390, tapio.arimo(at)tokmanni.fi
Maarit Mikkonen, Head of IR and Communications, tel. +358 40 562 2282, maarit.mikkonen(at)tokmanni.fi

Tokmanni Group in brief

Tokmanni Group Corporation is one of the leading variety discount retailers in the Nordics. Around 6,600 employees in Finland, Sweden and Denmark make customers’ everyday life and special occasions easier by offering a versatile and up-to-date assortment of nordic and international brand-name products and other high-quality products at prices that are always affordable. With more than 370 Tokmanni, Dollarstore, Bigdollar, Miny, Click Shoes and Shoe House stores and online stores, the Group is always close to its customers. In 2023, Tokmanni Group’s revenue was EUR 1,393 million and comparable EBIT amounted to EUR 99 million. The Group's shares are listed on Nasdaq Helsinki.

Distribution

Nasdaq Helsinki
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