Tokmanni Group’s new segment reporting
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
Key Media