Tallinna Kaubamaja Q3 revenue rises on car segment growth

TKM Grupp AS

09/10/2026 14:40

Overview
Estonia retailer's Q3 revenue rose 8.2% yr/yr, driven by car segment growth
Profit before tax for Q3 declined 11.7% yr/yr
Supermarkets segment impacted by weak consumer environment and intensified competition

Outlook
Company expects continued growth in Baltic car markets, with focus on expanding electric vehicle offerings
Group plans further investments in store network upgrades and energy efficiency initiatives
Company sees signs of improving economic environment, with growing customer orders in security and real estate segments

Result Drivers
CAR SEGMENT GROWTH - Co said revenue growth was driven by recovery in Baltic automotive markets, increased new vehicle sales, strong after-sales business and integration of Tallinn Škoda dealerships
SUPERMARKETS PRESSURE - Co said supermarkets segment was affected by weak consumer environment, intensified competition and temporary sales disruptions from store openings, closures and renovation works
SECURITY SEGMENT GROWTH - Co said security segment revenue grew due to security technology projects and maintenance services, but profitability was limited by higher fuel prices and pressure in cash handling services

Company press release: ID:nGNE7rKKWc

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
9M Revenue
 
EUR 735.20 mln
 
9M Net Income
 
EUR 8.60 mln
 
9M Pretax Profit
 
EUR 15.30 mln
 

Analyst Coverage
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 20 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.)