Tokmanni Group Oyj · OMXHEX:TOKMAN
Tokmanni Group Oyj — Q1 2026 Earnings Presentation
25 slides from Tokmanni Group Oyj's earnings presentation, May 8, 2026
Slide 1: Revenue growth continued, Dollarstore turnaround in progress
Q1/2026 Revenue growth continued, Dollarstore turnaround in progress Mika Rautiainen, CEO Tapio Arimo, CFO 8 May 2026
Slide 2: Tokmanni Group has a strong position in the Nordic variety discount retail market
Tokmanni Group has a strong position in the Nordic variety discount retail market (Q1/2026) Revenue by segment 57.2% (57.5%) 240 29% sales of groceries stores (29%) 140 4,216 363.6 26.9% (23.5%) stores employees EURm sales of private labels* 1,899 71% employees (71%) 5,700 (2,000) shared products 11
Slide 3: We are 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 31.3.2026 31.3.2025 year-on-year 31.12.2025 during Q1/2026 Tokmanni segment 240 240 242 Tokmanni 206 204 +2 206 0 Click Shoes and Shoe House 34 36 -2 36 -2 Dollarstore segment 151 140 150 Dollarsto
Slide 4: Tokmanni Group Q1/2026
Tokmanni Group Q1/2026 • Tokmanni Group’s revenue increased by 6.4% • Increased customer visits drove Tokmanni segment’s revenue growth to 6.5% • Dollarstore segment’s revenue increased by 7.3% and like-for-like basket size increased, customer visits declined • Operating expenses increased especiall
Slide 5: Tokmanni segment Q1/2026
Tokmanni segment Q1/2026 • Revenue increased by 6.5% due to increased customer visits • Sales of apparel, outdoor products, Easter sweets and decorations grew most • Low-price program was very successful but had a slightly negative impact on gross margin • Comparable gross profit improved by EUR 2.1
Slide 6: EUROSPAR supermarkets
EUROSPAR supermarkets 1. Ylöjärvi (12 June 2025) 2. Masku (23 October 2025) 3. Tornio (6 November 2025) 4. Järvenpää (19 March 2026) 5. Joensuu (7 May 2026) 6. Iisalmi (June 2026) 6 Tokmanni Group's Business Review Q1/2026
Slide 7: Dollarstore segment Q1/2026
Dollarstore segment Q1/2026 • Revenue grew by 7.3% and reached EUR 106.4 million supported by new store openings, in local currencies revenue increased by 3.1% • Sales of leisure, home electronics and Easter sweets and decorations grew most • Like-for-like customer visits decreased by 7.4%, like-for
Slide 8: Dollarstore turnaround
Dollarstore turnaround • Billigast campaign was launched in March • Broader assortment as well as new elements of the concept has been tested in two stores, Erikslund and Kållered • Results from the two pilot stores are very promising both in sales and margin • Controlled rollout of the new assortme
Slide 9: Tokmanni Group's key figures
Tokmanni Group’s key figures 9 Tokmanni Group's Business Review Q1/2026
Slide 10: Tokmanni Group's key figures Q1/2026
Tokmanni Group’s key figures Q1/2026 • Tokmanni Group’s revenue grew by 6.4% (0.8%) and was EUR 363.6 million (341.8) • Like-for-like revenue increased by 2.5% (-1.9%) • Comparable gross profit was EUR 120.2 million (115.4) and comparable gross margin was 33.1% (33.7%) • Comparable EBIT amounted to
Slide 11: Revenue
Tokmanni Group’s Revenue Revenue, EUR million • In the first quarter, Tokmanni Group’s revenue grew by 6.4% and 363,6 was EUR 363.6 million (341.8) 339,2 341,8 • Like-for-like revenue increased by 2.5% (-1.9%) 106,4 91,1 99,2 • Tokmanni segment’s revenue increased by 6.5% and was EUR 258.4 million (
Slide 12: Group's sales of grocery products increased by 4.7% in Q1/2026
Group’s sales of grocery products increased by 4.7% in Q1/2026 Tokmanni segment’s Dollarstore segment’s share of revenue, % share of revenue, % Q1/2026 Q1/2026 40,7% 106.4 43,7% 258.4 EURm EURm (43,4%) (44,5) (40,5%) 56,3% 59,3% (55,5) (56,6%) (59,5%) 52,3% Groceries Groceries Non-groceries Non-groc
Slide 13: Private labels support growth
Private labels support growth Private label products by Tokmanni Group, share of revenue Q1/2026 26,9% (23,5%) 363.6 EURm (44,5) (55,5) 73,1% (76,5%) 52,3% Private labels* Others * Private label products, exclusive brands and non-branded products 13 Tokmanni Group's Business Review Q1/2026
Slide 14: Comparable gross profit
Tokmanni Group’s Comparable gross profit Comparable gross profit • In the first quarter, Tokmanni Group’s comparable gross profit was EUR 120.2 million (115.4), and comparable gross margin was 33.1% (33.7%) 34,0 33,7 33,1 115,4 115,4 120,2 • Tokmanni segment’s comparable gross profit was EUR 84.1 (8
Slide 15: Comparable operating expenses
Tokmanni Group’s Comparable operating expenses Comparable operating expenses, % of revenue • In the first quarter, Tokmanni Group’s comparable operating 30,8 31 expenses were 27.6% of revenue (27.8%), or EUR 100.2 million (95.0) 30 29,2 29 27,9 • Personnel expenses were 16.5% (16.8%) of revenue, or
Slide 16: Comparable EBIT
Tokmanni Group’s Comparable EBIT Comparable EBIT • In the first quarter, Tokmanni Group’s comparable EBIT was EUR -13.7 million (-11.2), and comparable EBIT % was -3.8% (-3.3%) -1,7 -2,5 -2,2 • Group functions and eliminations were EUR -0.9 million (-1.0) -2,8 • Tokmanni segment’s comparable EBIT wa
Slide 17: Inventories
Tokmanni Group’s Inventories Inventories, EUR million • Tokmanni Group’s inventory levels decreased year- 500 481,2 on-year, reflecting disciplined inventory management 456,5 and improved demand planning 450 • The value of Tokmanni Group’s inventories was 400 370,8 EUR 456.5 million (481.2) at the e
Slide 18: Financing
Tokmanni Group’s Financing Tokmanni Group’s interest-bearing debt, EUR million • At the end of March, Tokmanni Group’s interest-bearing debt totalled EUR 930.0 million 700 (940.6) 613,3 640,8 628,8 565,1 572,2 574,2 575,4 578,8 600 561,0 561,0 – EUR 170.0 million (230.0) in non-current 540,3 loans f
Slide 19: Net debt / comparable EBITDA
Net debt / comparable EBITDA Rolling 12 months comparable EBITDA Net debt / comparable EBITDA • At the end of March, Tokmanni Group’s net 5,0 4,70 debt / comparable EBITDA excl. IFRS 16 4,32 4,5 4,19 4,19 4,17 3,94 4,01 impact was 3.20 (3.54) 3,73 3,81 4,0 3,70 3,57 3,54 3,53 3,53 • The financial po
Slide 20: Cash flow from operating activities
Tokmanni Group’s Cash flow from operating activities • In the first quarter, Tokmanni Group’s cash flow from operating Tokmanni Group’s net cash flow activities improved significantly to EUR -13.7 million (-75.2) from operating activities, EUR million • The positive development of cash flow from ope
Slide 21: Capital expenditure
Tokmanni Group’s capital expenditure Capital expenditure, EUR million • In the first quarter, Tokmanni Group’s capital expenditure totalled EUR 5.3 million (4.6) 5,9 • Tokmanni segment’s capital expenditure totalled 5,3 EUR 3.9 million (3.0) 1,2 4,6 1,4 • Dollarstore segment’s capital expenditure to
Slide 22: Tokmanni Group's guidance
Tokmanni Group’s guidance 22 Tokmanni Group's Business Review Q1/2026
Slide 23: 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. 23 Tokmanni Group's Business Review Q1/2026
Slide 24: Actions to improve Tokmanni Group profitability 2026
Actions to improve Tokmanni Group profitability 2026 € GROWTH Profitability Success Low price program Joint buying ONE company Dollarstore cost control Work transformation and productivity SPAR Inventory management Better together 24 Tokmanni Group's Business Review Q1/2026
Slide 25: Q&A
Q&A ir@tokmanni.fi 25 Tokmanni Group's Business Review Q1/2026