Estonia's Tallinna Kaubamaja Grupp Q1 revenue rises on car segment recovery

TKM Grupp AS

10/04/2026 14:41

Overview

Estonia retail and car dealer's Q1 revenue grew 6.3% yr/yr, driven by car segment recovery

Net loss for Q1 narrowed yr/yr, helped by lower income tax expense

Supermarket segment sales and profit declined due to weaker consumer spending and competition

Outlook

Company did not provide specific financial guidance for the current or upcoming periods

Result Drivers

CAR SEGMENT GROWTH - Revenue and profit growth driven by car segment recovery, new dealership acquisitions, and stable performance in Baltic dealerships

SUPERMARKET WEAKNESS - Supermarket segment sales and profit declined due to weakened consumer purchasing power, intensified competition, and higher operating costs, especially energy

GROSS MARGIN PRESSURE - Group gross margin declined, mainly reflecting pricing pressure in the car segment

Company press release: ID:nGNEW6S9r

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
EUR 228.40 mln
EUR 213.50 mln (1 Analyst)
Q1 Net Income
-EUR 4.70 mln
Q1 Pretax Profit
EUR 2 mln


Analyst Coverage

Wall Street's median 12-month price target for TKM Grupp AS is €10.99, about 16.5% above its April 9 closing price of €9.43

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 14 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)