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Tokmanni Group

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Stock release
26.2.
2021

Tokmanni Group Corporation        Stock exchange release        26.2.2021 2:30 pm

Tokmanni Group Corporation's Report of the Board of Directors and Financial Statements 2020 have been published today on 26 February 2021. The Report of the Board of Directors includes the statement of non-financial information.

Tokmanni has also published a Corporate Governance Statement and a Remuneration Report for 2020 today.

Stock release
22.2.
2021

Tokmanni Group Corporation        Stock exchange release        22 February 2021 at 4:00 pm

A total of 1,834 own shares have been returned to Tokmanni Group Corporation. The return is related to the company's long-term share-based incentive program. The shares have been returned in accordance with the terms and conditions of the share-based incentive program due to the termination of employment of key person.

After the return, Tokmanni Group Corporation holds a total of 108,751 own shares.

Further Information, please contact

Stock release
22.2.
2021

Tokmanni Group Corporation        Stock exchange release        22 February 2021 at 9:00 a.m.

The shareholders of Tokmanni Group Corporation are hereby invited to the Annual General Meeting to be held on Tuesday 23 March 2021 at 10:00 a.m. at Tokmanni's administration and logistics centre at the address Isolammintie 1, 04600 Mäntsälä, Finland. It will not be possible to participate in the meeting at the meeting venue, but participation will take place in advance in the manner described in this notice.

Third party research
15.2.
2021

Tokmanni’s Q4 result outpaced the expectations. The company was also able to reach its adj. EBIT margin target of 9% and sales target of EUR 1bn in 2020. New strategic targets are introduced in March. We keep our rating “BUY” with TP of EUR 20 (18.4).

Third party research
12.2.
2021

Tokmanni’s Q4 revenue increased by 14.6 % y/y (LFL growth of 13.4%) and was EUR 327m vs. EUR 315m/315m Evli/cons. Tokmanni’s adj. EBIT was EUR 45m vs. EUR 38m/37m Evli/cons. Dividend proposal was EUR 0.85 vs. EUR 0.78/0.74 Evli/cons. The company expects slight growth in revenue in 2021. Adj. EBIT is expected to be on the same level as last year.

Stock release
12.2.
2021

Tokmanni Group Corporation        Stock exchange release        12.2.2021 8:40 am

The Board of Directors of Tokmanni Group Corporation has resolved to continue its share-based incentive program directed to the key employees. The aim of the program is to combine the objectives of the shareholders and the key employees in order to increase the value of the Company in the long-term, to commit the key employees to implement the Company's strategy, and to offer them a competitive reward program based on earning and accumulating the Company's shares.

Stock release
12.2.
2021

Tokmanni Group Corporation        Financial Statement Bulletin 2020        12 February 2021 at 8:30 am

Third party research
5.2.
2021

Tokmanni reports its Q4 result on next week’s Friday, 12th of Feb. Despite the weakened COVID-19 situation, we expect a strong quarter. We have increased our Q4E estimates and keep our rating “BUY” with TP of EUR 18.4.

Stock release
29.1.
2021

Tokmanni Group Corporation        Stock exchange release        29 January 2021 at 9:00 am

The Shareholders' Nomination Board of Tokmanni Group Corporation proposes to the Annual General Meeting that the number of the members of the Board of Directors remain the same and will be six.

The Nomination Board proposes that the current members of the Board of Directors Seppo Saastamoinen, Harri Sivula, Therese Cedercreutz, Juha Blomster, Erkki Järvinen and Ulla Lettijeff will be re-elected.

Stock release
30.12.
2020

Tokmanni Group Corporation        Stock exchange release        30 December 2020 at 9:00 am

Tokmanni Group Corporation has completed the repurchasing programme of the company's own shares that it announced on 17 December 2020. During the time period from 21 December 2020 to 29 December 2020, the company has purchased through public trading organised by Nasdaq Helsinki Oy a total of 100,000 company's own shares at an average price per share of EUR 16,0966.

Tokmanni Group

Tokmanni

Tokmanni is the largest general discount retailer in Finland measured by number of stores and revenue. We offer our customers an interesting and wide assortment at affordable prices in 186 stores around Finland and in online store. Our target is to grow by improving our Like-for-Like growth and by opening new stores. In addition, we seek improved profitability through an increased Private Label and direct sourcing share of sales.

Corporate responsibility is a strategic focus area for Tokmanni and we respect people and the environment.

The company is listed on the Nasdaq Helsinki main list. In 2017 Tokmanni’s revenue totaled EUR 797 million and it had 3,255 employees.