Tokmanni Group Oyj - Inside information

Tokmanni's second-quarter sales grew very strongly

Tokmanni Group Corporation        Inside information        2 July 2020 at 9:00
am

Tokmanni’s sales in the second quarter of 2020 totalled EUR 285.8 million
(239.9), an increase of 19.1%. Like-for-like sales grew by 17.4%. In the second
quarter, online store sales accounted for 1.4% (0.6%) of sales. Sales in
January–June 2020 were EUR 484.8 million (428.0), up 13.3%. Like-for-like sales
increased by 11.7%. Online sales accounted for 1.1% (0.6%) of sales.

The product categories offered by Tokmanni are well suited to a situation in
which Finns have spent more time at home and at their cottages and have favoured
domestic tourism. The increase in sales of leisure, gardening and home
improvement products and food products was particularly strong in the second
quarter. On the other hand, clothing sales were somewhat lower than the previous
year.

Tokmanni estimates that the comparable gross margin will fall by about one
percentage point in the second quarter compared with the same period a year
before. This development was due to Tokmanni's active measures to increase sales
and different sales structure from the previous year.

In the absence of guidance, Tokmanni will exceptionally provide advance
information on sales in the second quarter and January–June. The guidance for
2020 will be issued in conjunction with the half-year financial report to be
published on 29 July 2020.

Further Information, please contact

Mika Rautiainen, CEO
tel. +358 020 728 6061, mika.rautiainen(at)tokmanni.fi

Markku Pirskanen, CFO
tel. +358 20 728 7390, markku.pirskanen(at)tokmanni.fi

Tokmanni in brief

Tokmanni is the largest general discount retailer in Finland measured by number
of stores and revenue. In 2019, Tokmanni’s revenue was EUR 944.3 million and it
has approximately 3,700 employees. Tokmanni is the only nationwide general
discount retailer in Finland, with almost 200 stores across Finland.

Distribution

Nasdaq Helsinki
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