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Tokmanni Group

6.97 EUR

-2.11 %

13,811 following
Corporate customer

TOKMAN

NASDAQ Helsinki

Retailers

Consumer Goods & Services

Overview
Financials & Estimates
Dividend
Investor consensus
Compare
-2.11 %
-12.33 %
-9.90 %
-7.38 %
-23.96 %
-46.26 %
-45.16 %
-64.79 %
+3.96 %

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
410.02M EUR
Turnover
838.74K EUR
P/E (adj.) (26e)
10.34
EV/EBIT (adj.) (26e)
14.11
P/B (26e)
1.35
EV/S (26e)
0.71
Dividend yield-% (26e)
5.74 %
Coverage
Recommendation
Reduce
Target price
7.50 EUR
Updated
09.03.2026
Disclaimer
Arttu Heikura
Arttu Heikura

Analyst

Latest research

Latest analysis report

Released: 09.03.2026

Revenue and EBIT-%

Revenue B

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
28.4
2026

General meeting '26

29.4
2026

Half year dividend

8.5
2026

Business review Q1'26

Risk
Business risk
Valuation risk
Low
High
All
Research
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Press releases
ShowingAll content types
Tokmanni Q4’25: Dollarstore’s turnaround is stalling12:43
Video3/12/2026, 11:02 AM by
Arttu Heikura, Pia Maljanen

Tokmanni Q4’25: Dollarstore’s turnaround is stalling

The Q4 report was somewhat subdued overall, even though earnings improved.

Tokmanni Group
Regulatory press release3/11/2026, 11:45 AM

Tokmanni Group Oyj: Tokmanni Group Corporation: Managers' Transactions - Janne Pihkala

Tokmanni Group
Regulatory press release3/11/2026, 11:40 AM

Tokmanni Group Oyj: Tokmanni Group Corporation: Managers' Transactions - Sirpa Huuskonen

Tokmanni Group

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Regulatory press release3/11/2026, 11:40 AM

Tokmanni Group Oyj: Tokmanni Group Corporation: Managers' Transactions - Timo Heimo

Tokmanni Group
Regulatory press release3/11/2026, 11:35 AM

Tokmanni Group Oyj: Tokmanni Group Corporation: Managers' Transactions - Tapio Arimo

Tokmanni Group
Regulatory press release3/11/2026, 11:30 AM

Tokmanni Group Oyj: Tokmanni Group Corporation: Managers' Transactions - Mika Rautiainen

Tokmanni Group
Regulatory press release3/10/2026, 2:00 PM

Tokmanni Group Oyj: Transfer of Tokmanni Group Corporation's own shares for incentive scheme reward payment

Tokmanni Group
Tokmanni Q4'25: Dollarstore turnaround is taking longer than expected
Research3/9/2026, 9:25 AM by
Arttu Heikura

Tokmanni Q4'25: Dollarstore turnaround is taking longer than expected

Tokmanni's Q4 report was lackluster overall, even though the company managed to improve its result.

Tokmanni Group
Tokmanni Q4'25 - kort kommentar: Resultatet var en smule under forventningerne, og guidance var lidt svag
Analyst Comment3/6/2026, 7:15 AM by
Arttu Heikura

Tokmanni Q4'25 - kort kommentar: Resultatet var en smule under forventningerne, og guidance var lidt svag

Indtjeningen i hjemlandet var prisværdig, men i udlandet fortsatte indtjeningen med at falde, hvilket skaber betydelig usikkerhed for den forventede indtjeningsforbedring i 2026.

Tokmanni Group
Regulatory press release3/6/2026, 6:10 AM

Tokmanni Group Oyj: Tokmanni Group Corporation's Board of Directors decided on new performance periods for the long-term incentive schemes

Tokmanni Group
Regulatory press release3/6/2026, 6:00 AM

Tokmanni Group Oyj: Tokmanni Group Corporation's Financial Statement Bulletin 2025: Tokmanni segment's profitability improved, actions ongoing at Dollarstore segment

Tokmanni Group
Tokmanni Q4'25: Promised earnings improvement materialized in Q4
Research3/3/2026, 9:10 PM by
Arttu Heikura

Tokmanni Q4'25: Promised earnings improvement materialized in Q4

The earnings improvement promised in Q3 appears to have materialized.

Tokmanni Group
2026 started well for domestic trade
Analyst Comment3/2/2026, 7:16 AM by
Arttu Heikura

2026 started well for domestic trade

Salget voksede bredt.

KeskoTokmanni Group
Analyst Comment2/2/2026, 8:34 AM by
Arttu Heikura

Finnish trade grew slightly in December

The sales growth was driven by moderate growth in daily consumer goods, while the development in consumer durables was negative, following last year's trend.

KeskoTokmanni Group
Regulatory press release1/30/2026, 8:30 AM

Tokmanni Group Oyj: Change in Tokmanni Group's Executive Team: Janne Pihkala appointed Chief Sourcing and Buying Officer

Tokmanni Group
Regulatory press release1/20/2026, 2:30 PM

Tokmanni Group Oyj: Change in Tokmanni Group's Executive Team: Chief Sourcing and Buying Officer Juha Valtonen to pursue new opportunities outside the company

Tokmanni Group
Regulatory press release1/9/2026, 9:30 AM

Tokmanni Group Oyj: Proposal of the Shareholders' Nomination Board for the composition and remuneration of Tokmanni Group's Board of Directors

Tokmanni Group
Regulatory press release1/2/2026, 9:45 AM

Tokmanni Group Oyj: Tokmanni Group Corporation: Disclosure under chapter 9, section 10 of the securities market act (The Goldman Sachs Group, Inc.)

Tokmanni Group
Analyst Comment1/2/2026, 7:05 AM by
Arttu Heikura

Finnish trade was stagnant in November

November's performance was weaker than the year-to-date (January-November 2-3% y/y) but broadly in line with our expectations.

KeskoTokmanni Group
Regulatory press release12/11/2025, 1:00 PM

Tokmanni Group Oyj: Tokmanni Group Corporation: Disclosure under chapter 9, section 10 of the securities market act (The Goldman Sachs Group, Inc.)

Tokmanni Group
Forum discussions
Today, I visited the renovated Järvenpää Tokmanni Eurospar store, which celebrated its grand opening yesterday. According to news reports, the advertised opening offers and free bucket gifts had attracted a good crowd on the first opening day. Quoting the local newspaper Keski-Uusimaa...
3/20/2026, 7:32 PM
by TPU
18
It’s unlikely that Spar will become a true discount grocery store, but then again, Lidl hasn’t been one in Finland since its early days either. My own assessment is that Spar’s significance in the Finnish grocery market will remain small, but it could still be substantial for Tokmanni...
3/21/2026, 10:04 AM
by JuhaR
14
Spar will be used to purchase all industrial dry goods (e.g., tuna, pasta) and snacks (chips, etc.). The procurement prices for these should now be significantly lower compared to the situation before Spar. Fresh produce will be sourced through wholesalers (K and S, or e.g., fish...
3/23/2026, 9:08 AM
by Arttu Heikura
12
Last year’s market shares in the grocery trade have been published: Päivittäistavarakauppa ry – 25 Mar 26 Päivittäistavarakaupan myynti ja markkinaosuudet 2025 -... Päivittäistavaramyynnin arvo Suomessa vuonna 2025 oli 24,1 miljardia euroa. Myynnin arvo kasvoi 2,5 prosenttia edelliseen...
3/25/2026, 7:54 AM
by JuhaR
8
I think Tokmanni’s marketing has taken a step forward. Today in Helsingin Sanomat (Hesari) there were separate ad segments: Spar’s food ads related to the new store in Järvenpää, as well as Tokmanni’s weekly ad flyer, which has been running for a longer time. To my eye, the ads look...
3/21/2026, 9:22 AM
by Middle67
8
Doesn’t this matter though? If Tokmanni gets a genuinely affordable grocery store from Spar where you can buy all necessary foodstuffs, then it certainly competes with K and S stores.
3/21/2026, 7:02 AM
by enska
6
Yes, the local operator obtained a license starting from 1.1.2022. Spar is constantly expanding into different countries. Perhaps the place for this discussion would be somewhere other than the Tokmanni thread. SPAR International News & Media | SPAR International All the latest global...
3/20/2026, 4:23 PM
by JuhaR
5
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