Tokmanni Group Oyj · OMXHEX:TOKMAN
Tokmanni Group Oyj — Q2 2026 Earnings Presentation
30 slides from Tokmanni Group Oyj's earnings presentation, Aug 7, 2026
Slide 1: Q2/2026 solid performance in Tokmanni segment, progress in Dollarstore
Q2/2026 solid performance in Tokmanni segment, Progress in Dollarstore Sampo Päällysaho, CEO Tapio Arimo, CFO 7 August 2026
Slide 2: Agenda
Agenda 1. Q2 in brief 2. Key figures 3. Looking ahead 4. Q&A 2 Tokmanni Group's Business Review Q2/2026
Slide 3: Strong position in the Nordic variety discount retail market
Tokmanni Group has a strong position in the Nordic variety discount retail market, Q2/2026 Revenue by segment 208 Tokmanni stores 55.0% (54.8%) 28% sales of groceries 34 (27%) 142 Click Shoes stores 457.7 26.3% (25.1%) Dollarstore stores 5,131 EURm sales of private labels* employees 2,342 72% employ
Slide 4: Developing our store network in Finland, Sweden and Denmark
We are developing our store network in Finland, Sweden and Denmark Change Change Tokmanni Group stores 30.6.2026 30.6.2025 year-on-year during Q2/2026 Tokmanni segment 242 240 +2 +2 Tokmanni 208 204 +4 +2 Click Shoes and Shoe House 34 36 -2 0 Dollarstore segment 154 143 +11 +3 Dollarstore 142 134 +8
Slide 5: Tokmanni Group Q2/2026
Tokmanni Group Q2/2026 Revenue, EUR million +3,3% 510,8 442,9 432,8 457,7 341,8 363,6 • Revenue grew by 3.3% to EUR 457.7 million, supported by the low- price programme across all markets, a successful spring and summer season, and new store openings • Sales increased in both segments, driven by hig
Slide 6: Tokmanni segment Q2/2026
Tokmanni segment Q2/2026 Revenue, EUR million +2,3% 364,2 322,2 314,6 329,6 • Revenue increased by 2.3% to EUR 329.6 million 242,7 258,4 • Customer visits increased as consumers continued to prioritise value-for-money shopping • Seasonal demand, particularly in garden products was strong, campaigns
Slide 7: EUROSPAR supermarkets
EUROSPAR supermarkets 1. Ylöjärvi, June 2025 2. Masku, October 2025 3. Tornio, November 2025 4. Järvenpää, March 2026 5. Joensuu Raatekangas, May 2026 6. Iisalmi, June 2026 EUROSPAR conversion has significantly increased footfall in converted stores. We are planning to open an additional 4-5 EUROSPA
Slide 8: Dollarstore segment Q2/2026
Dollarstore segment Q2/2026 Revenue, EUR million +7.7% 148,5 130,2 121,0 119,1 99,2 106,4 • Revenue increased to EUR 130.2 million, supported by new store openings and positive currency effects • Strong growth e.g. in drinks, coffee, toys, party and grilling, and positive customer response to campai
Slide 9: Dollarstore and Big Dollar stores opened in the last 12 months
Dollarstore and Big Dollar stores opened in the last 12 months Dollarstore, Sweden 1. Västerås, Erikslund, September 2025 2. Östhammar, Ostober 2025 3. Västerås, Hälla, October 2025 4. Gothenburg, Sisjön, November 2025 5. Gothenburg, Gamlestaden, December 2025 6. Gothenburg, Kållered, March 2026 7.
Slide 10: Dollarstore turnaround
Dollarstore turnaround • Renewing the concept and assortment, supported by encouraging pilot store results • Increasing marketing efforts to improve awareness, customer traffic and campaign effectiveness • Rolling out shared assortment across Tokmanni, Dollarstore and Big Dollar • Like-for-like cust
Slide 11: Attractive Offers Across all Markets
Attractive Offers Across all Markets 11 Tokmanni Group's Business Review Q2/2026
Slide 12: Tokmanni Group's key figures
Tokmanni Group’s key figures 12 Tokmanni Group's Business Review Q2/2026
Slide 13: Tokmanni Group's key figures Q2/2026
Tokmanni Group’s key figures Q2/2026 • Tokmanni Group’s revenue grew by 3.3% (4.8%) and was EUR 457.7 million (442.9) • Like-for-like revenue grew by 0.3 % (1.9 %) • Comparable gross profit was EUR 158.5 million (157.7) and comparable gross margin was 34.6% (35.6%) • Comparable EBIT amounted to EUR
Slide 14: Tokmanni Group's Revenue
Tokmanni Group’s Revenue Revenue, EUR million • In the second quarter, Tokmanni Group’s revenue grew by 3.3% 821,3 and was EUR 457.7 million (442.9) 761,7 784,7 • Like-for-like revenue increased by 0.3% (1.9%) 236,6 197,7 220,1 • Tokmanni segment’s revenue increased by 2.3% and was EUR 329.6 million
Slide 15: Group's sales of grocery products increased by 3.4% in Q2/2026
Group’s sales of grocery products increased by 3.4% in Q2/2026 Tokmanni segment’s Dollarstore segment’s share of revenue, % share of revenue, % Q2/2026 Q2/2026 45,6% 329.6 43,7% 130.2 EURm (44,5) (44,5%) EURm (45,5%) 54,4% 56,3% (55,5) (54,5%) (55,5%) 52,3% Groceries Groceries Non-groceries Non-groc
Slide 16: Private labels support growth
Private labels support growth Private label products by Tokmanni Group, share of revenue Q2/2026 26,3% (25,1%) 457.7 EURm (44,5) (55,5) 73,7% (74,9%) 52,3% Private labels* Others * Private label products, exclusive brands and non-branded products 16 Tokmanni Group's Business Review Q2/2026
Slide 17: Tokmanni Group's Comparable gross profit
Tokmanni Group’s Comparable gross profit Comparable gross profit • In the second quarter, Tokmanni Group’s comparable gross profit was EUR 158.5 million (157.7), and comparable gross margin was 273,1 278,7 270,6 34.6% (35.6%) • Tokmanni segment’s comparable gross profit was EUR 111.6 (112.1) and com
Slide 18: Tokmanni Group's Comparable operating expenses
Tokmanni Group’s Comparable operating expenses Comparable operating expenses, % • In the second quarter, Tokmanni Group’s comparable operating 28 26,4 expenses were well in control, 22.7% of revenue (23.6%), or 25,5 26,0 EUR 103.9 million (104.7) 26 23,6 24 22,8 22,7 • Personnel expenses were 14.1%
Slide 19: Tokmanni Group's Comparable EBIT
Tokmanni Group’s Comparable EBIT Comparable EBIT 27,9 22,8 • In the second quarter, Tokmanni Group’s comparable EBIT was 21,4 21,0 EUR 21.0 million (21.4), and comparable EBIT % was 4.6% 7,3 (4.8%) 10,2 • Tokmanni segment’s comparable EBIT was EUR 22.3 million (20.8), 26,5 and comparable EBIT % was
Slide 20: Tokmanni Group's Inventories
Tokmanni Group’s Inventories Inventories, EUR million • Tokmanni Group’s inventory levels decreased year- 500 465,2 on-year, reflecting disciplined inventory management 446,4 and improved demand planning 450 • The value of Tokmanni Group’s inventories was 400 390,9 EUR 446.4 million (465.2) at the e
Slide 21: Tokmanni Group's Financing
Tokmanni Group’s Financing Tokmanni Group’s interest-bearing debt, EUR million • At the end of June, Tokmanni Group’s interest- bearing debt totalled EUR 912.0 million (924.8) 700 640,8 613,3 628,8 617,7 – EUR 160.0 million (220.0) in non-current 572,2 574,2 575,4 578,8 600 565,1 561,0 561,0 loans f
Slide 22: Net debt / comparable EBITDA
Net debt / comparable EBITDA Rolling 12 months comparable EBITDA Net debt / comparable EBITDA • At the end of June, Tokmanni Group’s 5,0 4,70 net debt / comparable EBITDA excl. 4,32 4,5 4,19 4,19 4,17 4,11 3,94 4,01 IFRS 16 impact was 3.26 (3.53) 3,73 3,81 4,0 3,70 3,57 3,54 3,53 3,53 3,26 • The fin
Slide 23: Tokmanni Group's Cash flow from operating activities
Tokmanni Group’s Cash flow from operating activities • In the second quarter, Tokmanni Group’s cash flow from Tokmanni Group’s net cash flow operating activities was on a good level at EUR 45.7 million from operating activities, EUR million (75.3) 75,3 • The development of net cash flow from operati
Slide 24: Tokmanni Group's capital expenditure
Tokmanni Group’s capital expenditure • In the second quarter, Tokmanni Group’s capital expenditure Capital expenditure, EUR million totalled EUR 8.2 million (7.1) 18,6 • Tokmanni segment’s capital expenditure totalled EUR 7.2 million (4.1) 3,4 • Dollarstore segment’s capital expenditure totalled 13,
Slide 25: Looking ahead
Looking ahead 25 Tokmanni Group's Business Review Q2/2026
Slide 26: Strengthening SPAR cooperation and Group-wide synergies
Strengthening SPAR cooperation and Group-wide synergies • Deepened cooperation with the SPAR network • Agreed with SPAR International to introduce SPAR-branded grocery products to Dollarstore stores in Sweden • Tokmanni and Dollarstore will share a SPAR-branded assortment, strengthening sourcing syn
Slide 27: Strong foundation for future success
strong foundation for future success • Well positioned to meet customers’ demand for low prices, a wide assortment and an easy shopping experience • Preparations for the autumn and Christmas seasons are progressing well • Continued focus on strengthening the market positions of Tokmanni, Dollarstore
Slide 28: New members to Tokmanni Group's Executive Team
New members to Tokmanni Group’s Executive Team Ulrika Göransson has been appointed Martin Sörenhag has been appointed Chief Strategy and Transformation Officer as of Managing Director of Dollarstore segment as of 1 September 2026. 1 November 2026. 28 Tokmanni Group's Business Review Q2/2026
Slide 29: Guidance 2026 unchanged
Guidance 2026 unchanged • In 2026, Tokmanni Group expects its revenue to be EUR 1,780–1,860 million. • Comparable EBIT is expected to be EUR 85–105 million. 29 Tokmanni Group's Business Review Q2/2026
Slide 30: Q&A
Q&A ir@tokmanni.fi Next event: Business review Q3/2026 6 November 2026 30 Tokmanni Group's Business Review Q2/2026