Tokmanni Group

7.85 EUR

-0.51 %

13,785 following

TOKMAN

NASDAQ Helsinki

Retailers

Consumer Goods & Services

Overview

Financials & Estimates

Investor consensus

-0.51 %

+1.55 %

+4.39 %

-14.63 %

-12.14 %

-39.66 %

-35.02 %

-50.32 %

+17.16 %

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.

Market cap

462.12M EUR

Turnover

401.08K EUR

P/E (adj.) (25e)

12.1

EV/EBIT (adj.) (25e)

14.86

P/B (25e)

1.65

EV/S (25e)

0.73

Dividend yield-% (25e)

5.61 %

Coverage

Recommendation

Reduce

Target price

7.70 EUR

Updated

15.12.2025

Arttu Heikura

Analyst

Latest research

Latest analysis report

Released: 17.11.2025

Revenue and EBIT-%

Revenue B

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar

6.3

2026

Annual report '25

28.4

2026

General meeting '26

8.5

2026

Business review Q1'26

Risk

Business risk

Valuation risk

Low

High

All

Research

Webcasts

Press releases

ShowingAll content types

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

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

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.)

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Analyst Comment1/2/2026, 7:05 AM by

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.

Kesko Tokmanni 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.)

Regulatory press release12/3/2025, 12:15 PM

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

Regulatory press release12/1/2025, 1:50 PM

Tokmanni Group Oyj: Change in the holding of Tokmanni Group Corporation's own shares

Regulatory press release12/1/2025, 1:45 PM

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

Analyst Comment12/1/2025, 7:11 AM by

Rauli Juva, Olli Vilppo

Finnish trade grew nicely in October

According to figures reported by PTY, the grocery consumer market relevant to Kesko grew by 4.5% in October, while the target market for Tokmanni, i.e., sales of non-grocery products in department store and hypermarket chains, increased by 5%.

Kesko Tokmanni Group

Regulatory press release11/28/2025, 9:00 AM

Tokmanni Group Oyj: Tokmanni Group Corporation: Managers' Transactions - Sompa Capital Oy

Regulatory press release11/27/2025, 8:45 AM

Tokmanni Group Oyj: Tokmanni Group Corporation: Managers' Transactions - Seppo Saastamoinen

Regulatory press release11/27/2025, 8:45 AM

Tokmanni Group Oyj: Tokmanni Group Corporation: Managers' Transactions - Eliisa Saastamoinen

Regulatory press release11/26/2025, 8:15 AM

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

Regulatory press release11/25/2025, 10:00 AM

Tokmanni Group Oyj: Tokmanni Group Corporation files listing application and publishes listing prospectus in respect of its EUR 100 million notes

Regulatory press release11/19/2025, 7:20 AM

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

Regulatory press release11/19/2025, 7:15 AM

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

Tokmanni Q3'25: Dollarstore as a big question mark

Research11/17/2025, 2:10 PM by

Tokmanni Q3'25: Dollarstore as a big question mark

Tokmanni's Q3 result weakened due to Dollarstore's poor performance, and the good development in Finland was not enough to compensate for this.

Regulatory press release11/14/2025, 6:15 AM

Tokmanni Group Oyj: Tokmanni Group's financial reporting and Annual General Meeting in 2026

Regulatory press release11/14/2025, 6:00 AM

Tokmanni Group Oyj: Tokmanni Group's Business Review for January-September 2025: A twofold quarter, record result in Tokmanni segment, Dollarstore segment's result declined due to increased expenses

Analyst Comment11/3/2025, 9:14 AM by

Rauli Juva, Olli Vilppo

Finnish trade grew in September

According to figures reported by PTY, the grocery consumer market relevant to Kesko grew by 3.5% in September, while the target market for Tokmanni, i.e., sales of non-grocery products in department store and hypermarket chains, increased only by 1%.

Kesko Tokmanni Group

Forum discussions

The guidance has already been tweaked a couple of times throughout the earnings season, and here we are still waiting for a profit warning. Is it okay to post some of my own views here regarding Tokmanni’s swelling inventories and their potential impact on cash flow?: In my opinion...

22 hours ago

26

The risk of a profit warning is apparently being priced out.

1/22/2026, 10:30 AM

by NOKNOK

9

Great insights into the current situation and the future through the eyes of Tokmanni’s CFO Tapio Arimo. The article covers, among other things, logistics, the expansion into Sweden, the Spar chain, and Tokmanni’s overall plans. SalkunRakentaja – 27 Jan 26 Yritysvierailu: Tokmannin...

2 hours ago

by Mehukasta

5

”We’re bringing our product range there; actually, everything is changing there. Pricing is being revamped, marketing has practically been built up from scratch, the entire logistics chain is changing” – CFO Arimo, quoted in the article above. Just out of curiosity, why did Tokmanni...

2 hours ago

by TTTT

4

Probably a good move for him. At least K2 won’t be sniping about pricing anymore. That news from Verkkis explained well what he was responsible for at Tokmanni. Valtonen moves to Verkkokauppa.com from Tokmanni, where he serves as Sourcing and Purchasing Director and has been a member...

1/21/2026, 1:17 PM

by StockTycoon

2

Yes, buying more surely makes things cheaper. BUT does it make sense to pay that amount just for store locations and employees if the selection, brand, and concept were crap from the start? For the sake of economies of scale? Did anything related to warehouse operations come with...

1 hour ago

by TTTT

1

That is indeed what the article says. “Arimo points out that Finnish brands have a good reputation in Sweden. Dollarstore has traditionally operated in a very low price segment.”

1 hour ago

by enska

0

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