Tokmanni Group

6.45 EUR

-16.84 %

13,821 following
Corporate customer

TOKMAN

NASDAQ Helsinki

Retailers

Consumer Goods & Services

-16.84 %
-8.32 %
-20.38 %
-16.62 %
-25.92 %
-54.74 %
-48.36 %
-70.27 %
-3.81 %

Tokmanni Group is a variety discount retailer in the Nordics. The group has stores in Finland, Sweden and Denmark under the brand names Tokmanni, Dollarstore, Big Dollar, Click Shoes and Miny. In addition, Tokmanni has online stores. Tokmanni's headquarter and logistics centres are located in Mäntsälä, Finland. Dollarstore is headquartered in Kista, Stockholm with a central warehouse in Örebro. The group own a procurement company located in Shanghai together with a Norwegian discount store chain Europris.

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Market cap
379.41M EUR
Turnover
13.93M EUR
P/E (adj.) (26e)
9.07
EV/EBIT (adj.) (26e)
13.37
P/B (26e)
1.24
EV/S (26e)
0.69
Dividend yield-% (26e)
6.21 %
Coverage
Recommendation
Reduce
Target price
7.80 EUR
Updated
05.05.2026
Disclaimer
Arttu Heikura
Arttu Heikura

Analyst

Latest research

Latest analysis report

Released: 05.05.2026

Revenue and EBIT-%

Revenue B

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
7.8
2026

Interim report Q2'26

6.11
2026

Business review Q3'26

Risk
Business risk
Valuation risk
Low
High
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Forum discussions
I’ll write a few words based on the transcript I shared, although I trust that the majority of the followers of this thread have already read it in English. Regarding the decrease in customer numbers at Dollarstore locations, there were major sales of up to 70% last year in January...
2 hours ago
by NukkeNukuttaja
14
A small clarification is in order. Dollarstore has been profitable since its acquisition. The problem is that despite Dollarstore’s significant revenue growth (= store openings), the absolute operating profit and operating margin are in a downward trend. Turning like-for-like sales...
3 hours ago
by Raha-aasi
10
The interest expenses for the entire Tokmanni Group’s financial debt were approximately 13.5 million euros in 2025. The 40 MEUR you referred to represents the total financial expenses for the entire Tokmanni Group, including lease liabilities for Finland+Sweden+Denmark. Thus, the...
2 hours ago
by Raha-aasi
9
No, Q1 is always loss-making. I expect Dollarstore to turn a profit this year as well, albeit disproportionately low compared to the acquisition price. Tokmanni is indeed performing well, although it didn’t exactly dazzle in Q1. I don’t believe in a share issue, but dividend distribution...
13 hours ago
by JuhaR
8
Based on the figures, that seems likely. It would be more logical, of course, if they were above the EBIT line. On the other hand, it doesn’t make a huge difference since the net profit is what matters. If those lease liabilities were above EBIT, Sweden would have already been EBIT...
2 hours ago
by Janne
3
I have also been considering this case, but I haven’t bought in yet precisely because of that Swedish adventure and management’s incompetence. The Finnish business is solid, that much seems clear. There is quite a lot of debt, and I mean net debt excluding lease liabilities, especially...
13 hours ago
by Janne
3
As I understand it, that 40 million also includes the group’s lease liabilities and their amortization!?
2 hours ago
by NukkeNukuttaja
1
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