Tokmanni Group Oyj - Inside information

Inside information, profit warning: Tokmanni Group lowers its guidance for 2024 and provides preliminary information on its financial performance for the first half of the year

Tokmanni Group Corporation        Inside information        23 July 2024 at 7:00
pm

Tokmanni Group's second quarter sales were affected by the late start of the
spring season. Consumer confidence is expected to remain weak especially in
Finland during the remainder of the year, and in addition the increase in VAT in
Finland on 1 September 2024 and higher freight costs than previous year are
expected to have a negative impact on profitability during the second half of
the year.

New guidance for 2024

In 2024, Tokmanni Group expects its revenue to be EUR 1,650-1,730 million.
Comparable EBIT is expected to be EUR 98-118 million.

Previous guidance for 2024 issued by Tokmanni Group on 13 February 2024

In 2024, Tokmanni Group expects its revenue to be EUR 1,660-1,760 million.
Comparable EBIT is expected to be EUR 110-130 million.

Preliminary information on first half 2024 financial performance

Based on preliminary and unaudited information, revenue was approximately EUR
761.7 million and comparable EBIT approximately EUR 22.7 million in the first
half of 2024.

            4-6/2024  4-6/2023  Change %  1-6/2024  1-6/2023  Change %
Revenue,       422.5     318.9     32.5%     761.7     557.1     36.7%
MEUR
Comparable      27.8      28.5     -2.4%      22.7      26.2    -13.5%
EBIT, MEUR

Tokmanni Group will publish its 2024 half-year financial report on Friday 16
August 2024. The company does not comment on first-half preliminary information
before publishing its half-year report.

For further information, please contact

Tapio Arimo, CFO, tel. +358 20 728 7390, tapio.arimo(at)tokmanni.fi

Tokmanni Group in brief

Tokmanni Group Corporation is one of the leading variety discount retailers in
the Nordics. Around 6,600 employees in Finland, Sweden and Denmark make
customers' everyday life and special occasions easier by offering a versatile
and up-to-date assortment of nordic and international brand-name products and
other high-quality products at prices that are always affordable. With more than
370 Tokmanni, Dollarstore, Bigdollar, Miny, Click Shoes and Shoe House stores
and online stores, the Group is always close to its customers. In 2023, Tokmanni
Group's revenue was EUR 1,393 million and comparable EBIT amounted to EUR 99
million. The Group's shares are listed on Nasdaq Helsinki.

Distribution

Nasdaq Helsinki

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