According to the company, weakened purchasing power and customer uncertainty have been directly reflected in consumer demand.
Discount chain Tokmanni will lower its guidelines for the current year, as the weakening of purchasing power has led its customers to use their euros more cautiously than before.
Tokmanni now forecasts that its net sales will remain at the previous year’s level this year and that its comparable operating profit will be EUR 90–110 million.
According to the company, weakened purchasing power and customer uncertainty have been directly reflected in consumer demand.
“The weakening of consumer confidence and purchasing power has made customers’ purchasing behavior much more cautious,” Tokmanni says in his earnings warning.
According to Tokmanni, the new guidelines are subject to uncertainties due to the effects of inflation, interest rates, the war in Ukraine and the interest rate pandemic.
Tokmanni In connection with the publication of the October – December earnings report, it estimates that its net sales and comparable operating profit will increase this year.
Last year, Tokmanni’s net sales were EUR 1.1 billion and comparable operating profit was EUR 105.7 million.
Tokmanni will publish its January-March earnings review on Friday.
Another trading company, Kesko, issued a positive earnings warning on Monday due to the good development of construction and the building services trade.
Kesko anticipates that the good development will continue in its grocery stores as well.
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