Audited annual report 2024
February 20 2025 - 8:30AM
UK Regulatory
Audited annual report 2024
The Supervisory Board of TKM Grupp AS approved
today, on 20 February 2025 the annual report and profit allocation
proposal for the year 2024 of TKM Grupp AS. The Supervisory Board
decided to present the annual report and profit allocation proposal
as prepared by the Management Board for the approval of the general
meeting of shareholders. The revenues and profits remained
unchanged compared to the preliminary disclosure on 16 January
2025.
The original audited Annual Report 2024 document
is submitted in machine-readable .xhtml format to the Nasdaq
Tallinn Stock Exchange and digitally signed (Link:
https://nasdaqbaltic.com/statistics/en/instrument/EE0000001105/reports).
The consolidated audited revenue of TKM Grupp AS
for the year of 2024 was 944.6 million euros. The revenue decreased
by 0.3 per cent (the revenue for the year of 2023 was 947.3 million
euros).
The consolidated audited net profit of TKM Grupp
AS for the year of 2024 was 27.5 million euros (the net profit for
the year of 2023 was 37.4 million euros). The business segments of
TKM Group earned the following net profit (loss) in 2024:
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
The Management Board of TKM Grupp AS proposes to
the general meeting to distribute the profit for 2024 as
follows:
-
to pay a dividend of 0.65 euros per share for a total amount of
26.5 million euros; in which case the income tax payable on
dividends would be 7.5 million euros.
The list of shareholders entitled to dividends
will be fixed as at the close of business of the Nasdaq CSD Estonia
settlement system of on 31st of March 2025.
Consequently, the day of change of the rights attaching to the
shares (ex-dividend date) is set to 28th of March 2025.
From that date, the person who acquired the shares will not be
entitled to receive dividends for the financial year 2024. The
dividend will be paid to shareholders on 3rd of April
2025.
TKM Grupp AS is one of the largest retail
groups based on Estonian capital in Estonia, which includes Selver
AS, Kaubamaja AS, Kulinaaria OÜ, Viking Security AS, Walde AS, TKM
Kinnisvara AS, TKM Kinnisvara Tartu OÜ, UAB TKM Lietuva, SIA TKM
Latvija, KIA Auto AS, AS Viking Motors, Motus auto UAB, Forum Auto
SIA, Verte Auto SIA, TKM Auto OÜ, OÜ TKM Beauty, OÜ TKM Beauty
Eesti, TKM Finants AS and Rävala Parkla AS. At the end of the
reporting year, the number of loyal customers of TKM Grupp AS was
over 740 thousand.
Raul Puusepp
Chairman of the Board
Phone: +372 731 5000
- Annual Report 2024 TKM Grupp AS
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