The figures released ahead of schedule show that the impairment in the second quarter is divided into two items. The largest part consists of a goodwill impairment of 24 million euros, following a new assessment of future cash flows from Dollarstore. The second part is an inventory impairment of 12 million euros related to changes in the assortment, improved inventory quality, and a clearer store concept.
These items do not affect cash flow and are reported as items affecting comparability. This means that the comparable operating profit for the second quarter remains unchanged. Tokmanni is also reiterating its forecast for the full year 2026.
We are taking measures to strengthen the Dollarstore segment's assortment, inventory position, customer offering, and profitability, says CEO Sampo Päällysaho to Börsvarlden.
Weak First Quarter Behind
The need for change in Dollarstore arose after a challenging start to the year. According to the Q1 report, the segment was affected by reduced customer traffic and lower consumer appeal.
During the period, Dollarstore's revenue amounted to 106.4 million euros, an increase of 7.3 percent. The segment's comparable operating profit landed at -10.5 million euros, a decrease of 35.4 percent.
For the entire Tokmanni Group, revenue in the first quarter amounted to 363.6 million euros, an increase of 6.4 percent. The Group's comparable operating profit amounted to -13.7 million euros, a decrease of 21.9 percent.
New Concept Rolled Out in Three Stages
To turn around the development of the discount chain, two pilot stores have been evaluated with a wider assortment, first in Erikslund in September 2025 and then in Kållered in March 2026.
The results from the test stores have been positive, and the concept will now be introduced to the rest of the chain. The rollout will take place in three phases during 2026 and 2027, with the goal that all Dollarstore stores will have the new assortment before the end of 2027.
The challenges in Dollarstore are primarily company-specific and relate to customer traffic and how attractive the concept is perceived. These are precisely the areas we are now addressing in a structured manner, writes Group CEO Mika Rautiainen in the report.