TKM Grupp AS Announces Annual Report and Dividend Proposal

Author: Evelyn Baker Updated: 02-20-2025 09:34 AM

TKM Grupp AS Annual Report Highlights for 2024

Today, the Supervisory Board of TKM Grupp AS has officially approved the annual report and the profit allocation proposal for the year 2024. This report outlines the financial performance of the company and will be presented for the approval of shareholders in the upcoming general meeting. Notably, revenues and profits remain consistent with what was disclosed previously, suggesting stable performance despite market challenges.

Financial Performance Overview

The consolidated audited revenue of TKM Grupp AS for 2024 amounted to a robust 944.6 million euros. While this figure shows a slight decrease of 0.3% compared to 2023’s revenue of 947.3 million euros, it still reflects the company's resilience in a competitive retail landscape.

In terms of profitability, the audited net profit for the year was recorded at 27.5 million euros. This represents a decrease from the previous year's net profit of 37.4 million euros. Each business segment has contributed to these results in varying capacities, as detailed below:

Profit Breakdown by Segment

Supermarkets: 15.5 million euros
Department Stores: -0.3 million euros
Car Trade: 9.5 million euros
Security: 0.2 million euros
Real Estate: 5.2 million euros
IFRS16 Related Loss: -2.6 million euros

Dividend Proposal for Shareholders

In light of the financial results, the Management Board has proposed to the general meeting that a dividend of 0.65 euros per share will be distributed, totaling 26.5 million euros. Importantly, shareholders should note that an income tax of 7.5 million euros will be applicable on these dividends.

The distribution date for these dividends is scheduled following the closure of trading on the Nasdaq CSD Estonia settlement system on March 31, marking the establishment of the list of entitled shareholders. Consequently, the ex-dividend date has been set for March 28, 2025. This means any shares acquired after this date will not be eligible for the dividend payout for the financial year 2024, which is set to occur on April 3, 2025.

About TKM Grupp AS

TKM Grupp AS is recognized as one of the leading retail groups in Estonia, based on local capital. The group's diverse portfolio includes several well-known brands and companies such as Selver AS, Kaubamaja AS, and Kulinaaria OÜ, alongside various others spanning industries from security services to real estate management.

By the end of the reporting year, TKM Grupp AS had cultivated a loyal customer base exceeding 740,000, highlighting its strong market presence and customer engagement strategy.

Contact Information

For inquiries, you can reach out to Raul Puusepp, the Chairman of the Board, at +372 731 5000.

Frequently Asked Questions

What were the total revenues for TKM Grupp AS in 2024?

The total consolidated audited revenue for TKM Grupp AS in 2024 was 944.6 million euros.

How does the 2024 profit compare to the previous year?

The net profit for 2024 was 27.5 million euros, down from 37.4 million euros in 2023.

What is the proposed dividend for shareholders?

The proposed dividend for the year 2024 is 0.65 euros per share.

When is the dividend payment scheduled?

The dividend will be paid to shareholders on April 3, 2025.

Who is the chairman of TKM Grupp AS?

The chairman of TKM Grupp AS is Raul Puusepp.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

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