Financial targets and outlook

The targets of Tokmanni Group’s strategic period 2021–2025 and achievements in 2025

 Updated target, February 2024Achievement in 2025
RevenueEUR 1.8 billionEUR 1,728.3 million
Comparable EBITEUR 150 millionEUR 84.8 million
Store networkOver 360 stores in Nordics*356 stores in Nordics *
Net debt / comparable EBITDALess than 2.25 at year-end (excl. IFRS 16 impact)2,71
Dividend**About 70% of net result for the financial year55% of net result for the financial year 2025 (Board’s proposal to AGM)

* The figure does not include Click Shoes or Shoe House.

** The decision to distribute dividend is always dependent on capital structure, financial position, general economic and business conditions, and future outlook.

Tokmanni Group

Guidance for 2025

In 2026, Tokmanni Group expects its revenue to be EUR 1,780–1,860 million. Comparable EBIT is expected to be EUR 85–105 million.

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Last updated 6.3.2026