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
  ... 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
    }
    ... 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
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      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
    }
  }
}


tokmanni-integration-underway-finland-hiccuping

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

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.

If forum members haven’t listened yet, Jari Simolin and Arhi Kivilahde provide a very commendable analysis of Tokmanni’s situation for about 25 minutes (19:45 →). The same themes that I raised as a risk for Tokmanni half a year ago.   These 7 challenges are still unresolved.                     Apple Podcasts              52. Q3-tulosten katsaus    Podcast-jakso · Kaupan tila · 02.12.2025 · 57 min

Has every Q4 been blamed on bad weather since the IPO? Lately, yes. What department store or shop generally wouldn’t sell products from different seasons, e.g., Christmas/winter season products, at a steep discount after the season? That’s how retail works.

Tokmanni always warns when Q4 is snowless in Southern Finland and the arrival of winter “is delayed.” That’s what will happen this time too. And again in early spring, we’ll get to sell Asian winter junk with big discounts to people who chase after deals. Perhaps everything is different this time?

Management and owner purchases are always encouraging, absolutely  Then there’s the other thought, that Saastamoinen & Co. have steadily increased their holdings even before the share price collapses. Because of this, I don’t fully trust that Tokmanni’s management and owners understand much about the stock’s valuation and behavior, considering how much of a loss the gentlemen have made on Tokmanni’s stock. On the other hand, they seem to have at least some belief that the guidance for revenue and profit will be met (since they are buying up the stock), which is a great thing

Yes, it is quite a delicious situation overall. The following persons have purchased Tokmanni shares so far during November - December: Timo Heimo, CEO of Dollarstore Tapio Arimo, CFO and Deputy CEO Janne Pihkala, Director of Strategy and Development Eliisa Saastamoinen, Person belonging to the inner circle Seppo Saastamoinen, Member/Deputy Member of the Board and Tokmanni’s largest individual owner Sompa Capital Oy, Person belonging to the inner circle (Mikko Bergman) and the  on top: CEO Mika Rautiainen.

The CEO is likely quite aware of how sales have progressed at the end of the year and, based on that, considers the stock affordable and a good investment. With even the CFO having just made large purchases, things have developed very well at Tokmanni.

Tokmanni Group

Tokmanni reported its first quarter as a Nordic discount retailer. Overall, the Q3 report was weak, with revenue and EPS below our expectations. According to the company, the Dollarstore integration is well underway, and the first significant synergies are expected from the beginning of 2024.

<p>Tokmanni reported its first quarter as a Nordic discount retailer. Overall, the Q3 report was weak, with revenue and EPS below our expectations. According to the company, the Dollarstore integration is well underway, and the first significant synergies are expected from the beginning of 2024.</p> 

	2022	23e	24e
Revenue	1,168.0	1,379.4	1,658.6
growth-%	2.3 %	18.1 %	20.2 %
EBIT (adj.)	85.7	96.2	119.2
EBIT-% (adj.)	7.3 %	7.0 %	7.2 %
EPS (adj.)	1.03	1.00	1.19
Dividend	0.76	0.78	0.80
Dividend %	6.7 %	10.5 %	10.8 %
P/E (adj.)	11.0	7.5	6.2
EV/EBITDA	6.7	6.2	5.2

Tokmanni: Integration is underway, but Finland is hiccuping

Key Estimate Figures2023-11-20

Forum discussions