Estonia's Tallinna Kaubamaja Q4 revenue falls 6.8% as motor vehicle tax dents demand

TKM Grupp AS

16/01/2026 14:47

Overview

Estonian retail group's Q4 revenue declined 6.8% yr/yr

Profit before tax for Q4 fell 37.1% yr/yr

Car segment sales revenue impacted by new motor vehicle tax in Estonia

Outlook

Company anticipates continued economic challenges impacting sales volumes

Company plans to launch upgraded I.L.U. e-commerce platform in Q1 2026

Tallinna Kaubamaja Grupp to open new Selver store in Pärnu in 2026

Result Drivers

CAR SEGMENT DECLINE - Total car sales fell as much as 62.4% in Q4 due to Estonia's new motor vehicle tax denting demand

COST CONTROL - Effective cost control and efficiency measures helped achieve profit in all segments despite declining sales volumes

DEPARTMENT STORE PROFIT - Profit growth recorded in department stores segment despite overall decline in sales revenue

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
EUR 239.20 mln
Q4 Pretax Profit
EUR 8.30 mln


Analyst Coverage

Wall Street's median 12-month price target for TKM Grupp AS is €10.99, about 12.1% above its January 15 closing price of €9.80

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nGNE94Ny77

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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.)