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Tokmanni Group

7.66 EUR

+0.26 %

13,770 following

TOKMAN

NASDAQ Helsinki

Retailers

Consumer Goods & Services

Overview

Financials & Estimates

Ownership

Investor consensus

+0.26 %

-0.91 %

+2.34 %

-14.27 %

-29.40 %

-35.58 %

-36.69 %

-50.90 %

+14.33 %

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

450.93M EUR

Turnover

1.59M EUR

P/E (adj.) (25e)

EV/EBIT (adj.) (25e)

P/B (25e)

EV/S (25e)

Dividend yield-% (25e)

Coverage

Recommendation

Reduce

Target price

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 release1/9/2026, 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.)

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

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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

Analyst Comment10/1/2025, 6:48 AM by

Rauli Juva, Olli Vilppo

Finnish trade saw slight growth in August

According to figures reported by PTY, the grocery consumer market relevant to Kesko grew by 2.5% in August, while the target market for Tokmanni, i.e., revenue from department store and hypermarket chains, increased by 4% in July.

Kesko Tokmanni Group

Forum discussions

This may be an excellent retail location, but it is an excellent symbolic representation of Tokmanni’s biggest current problem. A couple of times during the spring and summer, I have explained in this thread the critical logic behind retail profitability—especially in the saturation...

1/6/2026, 9:36 AM

by PerusPiensijoittaja

20

This marketplace is definitely worth it. Vantaan Sanomat – 19 Dec 25 Kivistön keskustan tuntumaan rakennetaan Tokmanni Tavallista isompi myymälä on tarkoitus avata noin vuoden kuluttua.

12/31/2025, 10:25 AM

by Alamäki

17

Nominated for Tokmanni’s Board of Directors: Katarina Gabrielson has extensive experience in the retail sector. Throughout her career, she has held several leadership positions, including CEO, business unit director, purchasing and procurement director, and marketing director. Her...

1/9/2026, 4:06 PM

by Kaupantekijä

11

Strong pull of SOK’s operational key personnel into Tokmanni’s ranks. Sampo Päällysaho Senior Vice President, Grocery 2020-2026 Kim Strönsholm Vice President, Category Management and Procurement 2020-2025 Vice President, Sourcing and Fresh Food 2016-2020

1/6/2026, 7:20 AM

by NOKNOK

11

Maybe those Christmas trees don’t solve much else besides acting as spawning grounds for perch, like Kreate did last Christmas. On the other hand, I don’t think this constant bashing of a domestic company is a good thing. Shouldn’t we be supporting domestic companies against the ...

12/30/2025, 3:39 PM

by Alamäki

11

Based on those recruitments, one could conclude that there will be more focus on the food side. Edit. And that is indeed how it has been communicated, so it’s consistent action.

1/6/2026, 7:46 AM

by Dualalarm

10

I dare to doubt whether that difference in average purchases applies to discount retail on quite that scale. And another thing is the extent of the differences in customer spending per visit versus, say, per month. It is also worth noting that in large cities, the share of the car...

1/6/2026, 11:22 AM

by JuhaR

7

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