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.
