Tokmanni grew 3.3 percent during first quarter

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Tokmanni has published its 2016 first-quarter business review, the first as a publicly listed company. Once again the budget chain outperformed the market.

Tokmanni’s net sales grew during the first quarter by 3.3 percent to 158.3 million EUR. (153.3). The growth was significantly faster than consumer goods market, sales of which fell by 8.5 percent in the corresponding period PTY according to the statistics.

Adjusted EBITDA for the first quarter developed according to plan and improved to 2.2 million (1.8).

“I am very pleased with our progress in the first quarter. The significantly better growth than the market continued and particularly pleasing is that the second consecutive quarter of growth in comparable stores was positive and margins improved well compared to the same period last year,” comments Tokmanni’s Managing Director Heikki Väänänen.

Tokmanni listed on the Helsinki Stock Exchange at the end of April.