Tokmanni Group (TOKMAN) Q1 2026 earnings summary

Executive summary

• Revenue grew 6.4% year-over-year to EUR 363.6 million, driven by both Tokmanni and Dollarstore segments, with new store openings and Easter timing contributing.

• Private label sales rose to 26.9% of total revenue, supporting growth.

• Tokmanni segment saw strong customer visit growth and improved comparable EBIT for the third consecutive quarter.

• Dollarstore turnaround initiatives are underway, with pilot stores showing promising results and a phased rollout planned through 2027.

• Cash flow from operating activities improved significantly to EUR -13.7 million from EUR -75.2 million year-over-year, nearly reaching an all-time best for the quarter.

Financial highlights

• Group revenue reached EUR 363.6 million, with like-for-like revenue up 2.5%.

• Comparable gross profit increased to EUR 120.2 million, but gross margin declined slightly to 33.1%.

• Comparable EBIT was negative EUR 13.7 million (margin -3.8%), down from negative EUR 11.2 million last year.

• Earnings per share (diluted) remained at negative EUR 0.32.

• Capital expenditure totaled EUR 5.3 million, mainly for store network expansion and digital services.

Outlook and guidance

• 2026 guidance unchanged: revenue expected between EUR 1,780–1,860 million, EBIT between EUR 85–105 million.

• Focus remains on profitability improvement, cost control, and joint buying synergies.

• Dollarstore turnaround and phased concept rollout expected to support profit improvement.