Tokmanni Group (TOKMAN) Investor Update summary

Strategic partnership announcement

• Signed an exclusive licensing agreement with SPAR International to operate under the SPAR brand and sell SPAR products in Finland, aiming to leverage SPAR's scale and expertise in grocery retailing.

• All 20 current full-assortment grocery stores will be converted to the SPAR concept, with new locations and standalone SPAR stores planned.

• Tokmanni will rebrand its fresh food departments under the SPAR concept, with the first SPAR-branded department opening in summer 2025 and more to follow by year-end.

• Collaboration leverages SPAR’s global procurement network, brand strength, and operational concepts, enhancing competitiveness and assortment in the Finnish grocery market.

Market opportunity and growth potential

• Grocery products account for over 50% of revenue, with the share increasing.

• Finnish grocery market is valued at €22.9 billion, with Tokmanni holding a 3.2% share in 2023.

• Partnership aims to increase customer flows and loyalty through expanded grocery and food offerings.

• The partnership is expected to transform the Finnish grocery retail landscape by combining Tokmanni's local market knowledge with SPAR's global capabilities.

Customer benefits and product offering

• Customers gain access to a broader, more diverse grocery selection, including SPAR’s own brands and international products.

• Emphasis on low prices, convenience, and a pleasant shopping experience.

• SPAR’s product range includes value, premium, and specialty items, such as organic and dietary-specific foods.

• Customers will benefit from a wider assortment and lower prices as Tokmanni expands its grocery business.