A discount store at a discount

With a network of around 200 stores, Tokmanni is the leading discount retailer in Finland. Increasing price awareness due to inflation, is benefiting the company, but also putting pressure on margins. The competition is hard, but the guidance is strong and dividend yield high. Analyst Olli Vilppo summarizes.

00:00 Introduction
00:10 Tokmanni in a nutshell
02:27 Sales channels
04:15 Growth potential
05:39 Inflation I
06:55 Competition
09:03 Competitive advantages
10:57 Inflation II
13:42 Margins
15:24 Valuation and recommendation

Read the latest research:
Weakening of the margins will ease towards the end of the year, published 2023-03-29