contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  createdAt
  changedAt
  isPremium
  authors {
    __typename
    name
    pageUrl
    id
  }
  companies {
    name
    id
  }
  tags {
    name
    id
  }
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
      researchContentUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

changedAt

Analyst

Arttu Heikura

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.

Tokmanni is closing its Suolahti store in the fall. After this, Äänekoski will have one Tokmanni:  (paywall)           Sisä-Suomen Lehti – 14 Apr 26              Tokmanni sulkee Suolahden myymälän: "Isompi ja parempi myymälä lähellä"    Tokmanni lopettaa Suolahden myymälän tänä syksynä.                             The Suolahti store became a Tokmanni through the acquisition of Ale-Makasiini. Suolahti merged with Äänekoski in 2007.

One can dare to share this here, as it is April Fool’s Day​: Tokmanni repäisee: rakentaa maailman suurimman ämpärimuseon – Ämpärimuseon katolla tullaan järjestämään pikadeittejä | Tokmanni Group Corporation And the notice of the Annual General Meeting, same time and place as before, maybe in Mäntsälä this year​: Tokmanni Group Oyj:n kutsu varsinaiseen yhtiökokoukseen | Kauppalehti Let’s add this here too, it’s good that the company has social responsibility: Tokmanni jatkaa kotimaisen mielenterveystyön ja kriisiauttamisen tukemista – Osallistuu MIELI Suomen Mielenterveys ry:n Mielinauha-kampanjaan paitsi myymällä Mielinauhoja myös lahjoituksella | Tokmanni Group Corporation

Yesterday’s stock market evening:               The Tokmanni segment starts at 1 h 5 min.

Last year’s market shares in the grocery trade have been published:                   Päivittäistavarakauppa ry – 25 Mar 26              Päivittäistavarakaupan myynti ja markkinaosuudet 2025 -...    Päivittäistavaramyynnin arvo Suomessa vuonna 2025 oli 24,1 miljardia euroa. Myynnin arvo kasvoi 2,5 prosenttia edelliseen vuoteen verrattuna. Myynnin volyymi kasvoi edelliseen vuoteen verrattuna 0,4 prosenttia. Tiedot perustuvat NielsenIQ...                             Here’s a comparison from a year ago:                   Päivittäistavarakauppa ry – 26 Mar 25              Päivittäistavarakaupan myynti ja markkinaosuudet 2024 -...    Päivittäistavaramyynnin arvo Suomessa vuonna 2024 oli lähes 23,5 miljardia euroa. Myynnin arvo kasvoi 2,4 prosenttia edelliseen vuoteen verrattuna. Myynnin volyymi kasvoi edelliseen vuoteen verrattuna 2,0 prosenttia. Tiedot perustuvat...                             Tokmanni’s market share in the grocery trade decreased by 0.1%.

Spar will be used to purchase all industrial dry goods (e.g., tuna, pasta) and snacks (chips, etc.). The procurement prices for these should now be significantly lower compared to the situation before Spar. Fresh produce will be sourced through wholesalers (K and S, or e.g., fish and vegetable wholesalers). For sweets, beverages, or other categories that are also sold outside of fresh food Tokmanni stores, Tokmanni may have direct contacts with suppliers (e.g., Fazer).

How does Tokmanni currently handle purchases in addition to Spar products, for example, fresh produce? Does it use S and K wholesalers or some other solution?

It’s unlikely that Spar will become a true discount grocery store, but then again, Lidl hasn’t been one in Finland since its early days either. My own assessment is that Spar’s significance in the Finnish grocery market will remain small, but it could still be substantial for Tokmanni’s business. We have already received encouraging information about how the total sales of stores whose food sections have been converted to Spar have grown. Taking Kesko as a comparison. At the end of last year, there were 83 Citymarkets, 254 K-Supermarkets, and 721 K-Markets in Finland. Spar cannot compete with Citymarkets. However, about twenty food sections converted to Eurospares could be quite good operators alongside mid-level K-Supermarkets. If the number of Eurospares rises to, say, 30-40, their position would certainly improve further. But could there be, say, 100 Eurospares in Finland? Unlikely. Separate merchant-driven Spar stores have been discussed as a possibility. But these would likely compete in the K-Market size category, whose significance in the daily goods trade is constantly shrinking and whose number is decreasing. It would be natural to develop cooperation with M-merchants, which could offer economies of scale for all parties. But at the same time, it’s important to remember that M-store’s market share in Finland is 0.2%. But to reiterate, what is small for the industry can be big for Tokmanni. If Tokmanni were to succeed in, for example, doubling its food sales over some period, it wouldn’t significantly shake up the market situation for the trade. But for Tokmanni, the impact on procurement costs and also on the sales of non-food items would surely be very substantial.

Tokmanni Group

Tokmanni announced new store openings in Denmark during 2024-25. Considering the objectives stated in connection with the strategy update the announced store openings were expected, and thus do not cause any forecast changes. 

Translation: Original comment published in Finnish on 07/11/2024 at 7:38 am EEST
Tokmanni announced new store openings in Denmark during 2024-25. Considering the objectives stated in connection with the strategy update the announced store openings were expected, and thus do not cause any forecast changes. 
<h2>Denmark is an attractive market</h2>
Tokmanni announced its plans to open 8 new stores under the Big Dollar concept across Denmark in the coming years. Two are scheduled for the current financial year (November) and the remaining six will, according to preliminary estimates, be opened in 2025 (3 in Q2 and 3 in Q4). With the new openings, the Big Dollar network grows to 13 stores, where we still see plenty of room for growth. 
As a whole, we are neutral about the news, but a strong expansion in Denmark may indicate that the market has continued to welcome Tokmanni. Denmark is an interesting market for Tokmanni, as Big Dollar operates with a different concept than other focused discount store concepts, offering an experience and a wide range of products, which could open up significant growth potential.

	2023	24e	25e
Revenue	1,392.7	1,673.3	1,794.7
growth-%	19.2 %	20.2 %	7.3 %
EBIT (adj.)	100.2	112.9	134.2
EBIT-% (adj.)	7.2 %	6.7 %	7.5 %
EPS (adj.)	1.04	1.01	1.32
Dividend	0.76	0.77	0.82
Dividend %	4.9 %	10.0 %	10.7 %
P/E (adj.)	14.8	7.7	5.9
EV/EBITDA	8.6	5.1	4.5

Tokmanni's expansion in Denmark continues

Denmark is an attractive market

Key Estimate Figures2024-06-13

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