Tokmanni: Integration is underway, but Finland is hiccuping
Tokmanni reported its first quarter as a Nordic discount retailer. Overall, the Q3 report was weak, with revenue and EPS below our expectations. According to the company, the Dollarstore integration is well underway, and the first significant synergies are expected from the beginning of 2024.
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Tokmanni Group
12.61
14
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Tokmanni Group is a Finnish retail chain. The Group's product range includes household products, food items, clothing, tools, and electronics and interior design products. The products include a number of external brands and part of the range is sold under the own brand. The group is mainly established around the Finnish domestic market. The company is headquartered in Mäntsälä.
Read more on company pageKey Estimate Figures20.11.2023
2022 | 23e | 24e | |
---|---|---|---|
Revenue | 1,168.0 | 1,379.4 | 1,658.6 |
growth-% | 2.30 % | 18.10 % | 20.24 % |
EBIT (adj.) | 85.7 | 96.2 | 119.2 |
EBIT-% (adj.) | 7.34 % | 6.97 % | 7.18 % |
EPS (adj.) | 1.03 | 1.00 | 1.19 |
Dividend | 0.76 | 0.78 | 0.80 |
Dividend % | 6.73 % | 5.95 % | 6.11 % |
P/E (adj.) | 10.99 | 13.17 | 11.01 |
EV/EBITDA | 6.66 | 8.02 | 6.72 |
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