Tokmanni Group’s Capital Markets Day 2024: Tokmanni continues its strong growth and updates its financial targets
Tokmanni Group Corporation Stock exchange release 13 February 2024 at 9:30 am
Tokmanni expanded its operations beyond Finland in line with its strategy by buying the Swedish discount store chain Dollarstore in August 2023. Together, Tokmanni and Dollarstore form one of the leading discount retailers in the Nordic markets. Tokmanni and Dollarstore are determined to continue taking measures to promote strong growth. Tokmanni Group's long-term vision is to become the leading discount retailer in Northern Europe.
Tokmanni Group’s target is to have a store network of over 360 Tokmanni, Dollarstore and Bigdollar stores in Nordics by the end of 2025. During 2024 the targets is to open four Tokmanni-stores in Finland, six Dollarstores in Sweden and four Bigdollar stores in Denmark.
As a result of the growth and internationalisation of operations, Tokmanni Group Corporation's Board of Directors has updated the Group's financial targets for the strategy period 2021–2025.
Updated financial targets for the strategy period 2021–2025
| Updated target | Previous target | |
| Revenue | EUR 1.8 billion | EUR 1.5 billion |
| Comparable EBIT | EUR 150 million | EUR 150 million |
| Store network | Over 360 stores in Nordics* | Over 220 stores in Finland |
| Net debt / comparable EBITDA excl. IFRS 16 impact | Less than 2.25 at year-end | Less than 3.2 (incl. IFRS 16 impact) |
| Dividend** | About 70% of net result for the financial year | About 70% of net result for the financial year |
* The figure does not include Click Shoe, Shoe House or Miny stores.
** The decision to distribute dividend is always dependent on capital structure, financial position, general economic and business conditions and future outlook.
Capital Markets Day
The Tokmanni Group organises Capital Markets Day on Tuesday 13 February 2024 from 1 pm to 4 pm Finnish time. The event will be held at Tokmanni’s new Moreeni logistics centre in Mäntsälä. At the event, the Group’s management will present company’s updated strategy and other topical issues.
The event will also be streamed live via a webcast which can be viewed at https://rajucast.tv/en/tokmanni/tokmanni-cmd-2024/. A recording of the presentations and the presentation materials will be available on the company website as soon as possible after the event. The event and materials will be in English.
More information about the event is available on the website at
https://ir.tokmanni.fi/en/investors/investor-calendar/cmd2024.
For further information, please contact
Mika Rautiainen, President and CEO, tel. +358 20 728 6061, mika.rautiainen(at)tokmanni.fi
Tapio Arimo, CFO, tel. +358 20 728 7390, tapio.arimo(at)tokmanni.fi
Tokmanni Group in brief
Tokmanni Group is one of the leading variety discount retailers in the Nordics. Around 6,600 Tokmanni employees in Finland, Sweden and Denmark make customers’ everyday life and special occasions easier by offering a versatile and up-to-date assortment of Finnish and international brand-name products and other high-quality products at prices that are always affordable. With more than 360 Tokmanni, Dollarstore, Big Dollar, Miny, Click Shoes and Shoe House stores and online stores, Tokmanni is always close to its customers. In 2022, Tokmanni’s revenue was EUR 1,168 million and comparable EBIT amounted to EUR 86 million. Tokmanni's shares are listed on Nasdaq Helsinki.
Distribution
Nasdaq Helsinki
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