Tokmanni Group (TOKMAN) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 2.9% YoY to €445.2m, while comparable EBIT fell to €25.8m from €26.4m as higher operating expenses offset stronger gross profit.

• Like-for-like revenue declined 0.5%; Dollarstore improved while Finland operations remained weak.

• Weaker October trading prompted lower FY2026 guidance: revenue of €1,780–1,830m and comparable EBIT of €75–90m.

Financial highlights

• Q3 comparable gross profit increased to €157.8m from €150.4m; comparable gross margin rose to 35.4% from 34.7%.

• 9M revenue grew 4.0% to €1,266.5m; net loss was €32.8m versus net income of €6.0m, including exceptional Dollarstore charges.

• Q3 operating cash flow was €16.1m versus €31.6m, mainly reflecting working-capital movements; 9M cash flow was €48.1m versus €31.7m.

• Q3 capital expenditure was €5.7m; 9M capital expenditure was €19.3m versus €18.3m, mainly for stores, maintenance and digital services.

Outlook and guidance

• FY2026 revenue guidance narrowed to €1,780–1,830m from €1,780–1,860m; comparable EBIT guidance fell to €75–90m from €85–105m.

• Q4 priorities include Christmas sales, product availability, disciplined inventories, tighter cost control and sustaining Dollarstore momentum.

• Longer-term priorities include profitable like-for-like growth in Finland, improved Dollarstore profitability and deeper sourcing and assortment cooperation.

• Updated strategy and 2027–2031 financial targets are scheduled for Capital Markets Day on 27 January 2027.