“In the second quarter of 2026, Tokmanni Group’s revenue grew by 3.3% to EUR 457.7 million. The revenue growth was supported particularly by the low-price programme across all our markets, a successful spring and summer season, and new store openings. Revenue increased in both segments, driven by growth in customer visits and average basket size. In the second quarter, Tokmanni segment’s revenue increased by 2.3% to EUR 329.6 million, while the Dollarstore segment’s revenue grew by 7.7% to EUR 130.2 million.

In the second quarter, Tokmanni Group’s comparable EBIT was EUR 21.0 million (21.4), and the comparable EBIT margin was 4.6% (4.8%). The slight decline in profitability was driven by Dollarstore segment. Tokmanni segment’s comparable EBIT improved to EUR 22.3 million (20.8), and the comparable EBIT margin was 6.8% (6.5%). Dollarstore segment’s comparable EBIT decreased to EUR -0.4 million (+1.6), and the comparable EBIT margin was negative 0.3% (+1.3%). While Dollarstore segment’s revenue improved, the increased revenue did not yet fully offset increases in operating expenses. However, Dollarstore segment’s expenses decreased compared to the previous quarter, reflecting the progress in operational efficiency.

Tokmanni segment: solid performance and a strong core business

We successfully implemented measures to drive revenue growth in Tokmanni segment during the second quarter. Customer visits increased as more consumers continued to seek value-for-money alternatives, and our campaigns were highly popular among customers. It is particularly encouraging that sales of non-grocery products, especially our products related to yards, balconies and gardens, as well as apparel, increased during the quarter, resulting in a stronger market position and growing market share (Tokmanni Group’s estimate, based on market figures by the Finnish Grocery Trade Association PTY).

Our growing use of data and digital tools is improving traffic generation, pricing effectiveness, campaign planning and store operations, enabling us to serve customers more efficiently while enhancing productivity across the organisation. Tokmanni Klubi customer loyalty programme continued to strengthen customer engagement and now has 1.6 million registered members. Loyalty members visit our stores more frequently and spend more money per transaction than nonmembers, making the programme an increasingly important driver of sales growth, customer retention and marketing effectiveness. At the same time, Tokmanni Klubi and online store have become an increasingly important part of the customer journey, as many purchasing decisions begin at home before customers visit our stores.

We have agreed with SPAR International to distribute SPAR-branded products to Dollarstore stores in Sweden. The expansion of the SPAR network supports our ambition to become a more significant player in grocery retail while improving traffic frequency and strengthening customer lifetime value. We opened two new EUROSPAR supermarkets during the quarter, bringing the total number of EUROSPAR-branded stores to six at the end of June. The expansion of common sourcing and shared SPAR-branded assortments across Tokmanni and Dollarstore further increases purchasing scale and strengthens our ability to offer attractive prices while supporting gross margin development over time. The first SPAR-branded products are expected to arrive in Dollarstore stores later this year.

Dollarstore segment: transformation underway with long-term value creation potential

As Dollarstore’s store network now provides nationwide coverage in Sweden, our focus is increasingly shifting towards maximising returns from our existing Dollarstore store network. We are reviewing the network to ensure that future investments generate attractive returns and support profitable growth. New store openings in Sweden will therefore be considered more carefully and selectively going forward. In Denmark, however, we continue to see attractive growth opportunities and plan to further expand our store network.

We are continuing to develop Dollarstore’s concept to strengthen our customer proposition through a broader assortment than today, an improved shopping experience and greater relevance for a wider customer audience.

Our work has progressed systematically through pilot stores in Erikslund (Västerås) and Kållared (Göteborg), where early results have been encouraging, including stronger customer traffic and improving sales trends. An even broader assortment is central to the development, as it improves customer relevance, increases basket-building opportunities and further differentiates Dollarstore from competitors, reinforcing its position as the discount retailer with the broadest product range in its market segment in Sweden. Based on these results, we have decided that, where appropriate, new Dollarstore stores will open with the wider assortment. We have already introduced our new product range in our recently opened stores, including in Kiruna and Väla in Helsingborg.

Alongside the rollout of the shared assortment, we continued to capture integration benefits through common systems, processes and sourcing initiatives. These actions are designed to improve efficiency, strengthen scalability and support margin development over time. We have also increased marketing efforts to reach customers more effectively, enhance awareness of a broader assortment than before, and drive traffic to stores. Together, these initiatives will strengthen Tokmanni Group’s competitiveness, accelerating sales growth and improving profitability over the long term.

During the quarter, we opened our new northernmost Dollarstore store in Kiruna, further strengthening Dollarstore’s nationwide presence and accessibility. We remain confident that the ongoing concept renewal, assortment expansion and operational improvement initiatives will strengthen Dollarstore’s competitiveness and customer relevance. Combined with sourcing synergies across Tokmanni, Dollarstore and Big Dollar, these actions will support profitable growth, improve returns on invested capital and create long-term shareholder value.

Strong position and clear opportunities for continued growth

My first weeks as the CEO of Tokmanni Group have reinforced my view that we have a strong foundation for future success. I have been warmly welcomed across the organisation, and I would like to thank our personnel for their commitment, professionalism and contribution to our business.

In today’s market, customers increasingly value low prices, a wide and attractive assortment, and an easy shopping experience. Tokmanni Group is well positioned to respond to these needs and further strengthen its position as one of the leading variety discount retailers in the Nordics.

We have started evaluating and updating the Group’s strategy and financial targets for the next strategy period. Together with our skilled and dedicated teams, I am confident that we can further strengthen the market positions of Tokmanni, Dollarstore and Big Dollar, and successfully execute the next phase of our growth journey.

Preparations for the autumn and Christmas seasons are progressing well. We will introduce products tailored to seasonal demand, including the back-to-school season and the traditional crayfish season, which is particularly important in Sweden. During the seasons towards the end of the year, we will continue to reinforce our price leadership through strong weekly promotions and by expanding our assortment of products at highly competitive price points across all our markets.

Despite continued geopolitical uncertainty, including concerns related to the conflict involving Iran and the Strait of Hormuz, we have seen no impact on Tokmanni Group’s product availability, supply chains, or seasonal preparations. We remain well positioned to meet customer demand during the upcoming peak sales period, with Christmas products available as planned.