TOKMANNasdaq HelsinkiDiscount StoresIFRS · EUR

Tokmanni Group Oyj

Tokmanni Group is a prominent discount retail chain based in Finland, known for its wide range of affordable products. The company operates through its Tokmanni and Dollarstore segments, offering a diverse assortment of goods including groceries, clothing, and household items. With a strategic focus on expanding its store network, Tokmanni has successfully integrated Dollarstore into its operations, enhancing its presence in the Nordic region. The company is committed to improving profitability through cost efficiency and strategic store openings in Denmark and Sweden.

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Revenue1,728m EUR
+3.2 %y/y
Operating profit (EBIT)83.6m EUR
−16.1 %y/y
EBIT margin4.8%
−1.1 ppy/y
Net income36.3m EUR
−25.0 %y/y
Free cash flow130m EUR
+160.5 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

05001,0001,5002,000m EUR2021: 1,142 m EUR2021: EBIT 108 m EUR20212022: 1,168 m EUR2022: EBIT 84 m EUR20222023: 1,393 m EUR2023: EBIT 93 m EUR20232024: 1,675 m EUR2024: EBIT 100 m EUR20242025: 1,728 m EUR2025: EBIT 84 m EUR2025TTM 2026: 1,532 m EURTTM1,532
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year

Business

Share of revenue
Groceries51 %

Includes food and daily consumer goods

Clothing and Footwear15 %

Apparel and shoes for all ages

Household Products20 %

Home essentials and seasonal items

Online Retail5 %

E-commerce platform for various products

Discounted Branded Products9 %

Affordable branded items

Customers

Tokmanni Group caters to a broad range of customers seeking value for money, primarily targeting budget-conscious consumers. The company's customer base includes families looking for affordable groceries and household items, as well as individuals seeking discounted branded products. Tokmanni's online platform also attracts tech-savvy shoppers who prefer the convenience of e-commerce. The integration of Dollarstore has expanded its reach to customers in Sweden and Denmark, enhancing its appeal to a wider Nordic audience.

Budget-Conscious Families

Purchase affordable groceries and household items

Tech-Savvy Shoppers

Use online platform for convenience

Nordic Consumers

Attracted by Dollarstore integration

Strategy

Tokmanni Group's strategic priorities focus on expanding its store network and integrating the Dollarstore brand to enhance its market presence in the Nordics. The company aims to improve profitability by optimizing its product assortment and increasing operational efficiency. Tokmanni is also investing in digital transformation to enhance its e-commerce capabilities and customer experience. The strategic partnership with EUROSPAR is expected to strengthen its grocery segment and attract more customers.

Store Network ExpansionMedium term

To increase market presence in the Nordics

Digital TransformationLong term

To enhance e-commerce capabilities

Profitability ImprovementShort term

To optimize margins and reduce costs

Geography

Tokmanni Group has a strong presence in Finland with a network of Tokmanni stores, and has expanded into Sweden and Denmark through its Dollarstore segment. The company operates 204 Tokmanni stores in Finland and 135 Dollarstore locations in Sweden, along with 10 Big Dollar stores in Denmark. This geographic expansion has been pivotal in driving revenue growth, particularly in the Nordic region. The strategic location of stores in these countries helps Tokmanni cater to a diverse customer base and leverage regional market dynamics.

Risks

Tokmanni Group faces several risks, including economic fluctuations that can impact consumer purchasing power and supply chain disruptions that may affect product availability. Geopolitical changes and regulatory shifts in key sourcing countries like China pose additional risks. The integration of Dollarstore presents challenges in aligning operations and achieving expected synergies. Moreover, the competitive retail environment requires continuous adaptation to changing consumer preferences and technological advancements.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Economic Fluctuations2Supply Chain Disruptions4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Geopolitical ChangesImpact: Critical

    Affect sourcing and regulatory environment

  2. Economic FluctuationsImpact: HighLikelihood: Medium

    Affect consumer purchasing power

  3. Integration ChallengesImpact: High

    Aligning Dollarstore operations

  4. Supply Chain DisruptionsImpact: MediumLikelihood: Medium

    Impact product availability

Accounting

Judgemental items
Seasonality

Causes significant quarterly revenue fluctuations

Impact: high

Estimates and Assumptions

Affect financial statement figures

Impact: medium

Currency Derivatives

Adjustments for unrealised gains/losses

Impact: medium

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Last updated: 24/09/2026