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Tokmanni Group Corporation Business Review Unaudited 29 April 2021 at 8:30 am Tokmanni's Business Review for 1 January - 31 March 2021 First - quarter revenue grew 13.6 % and comparable EBIT improved significantly FIRST QUARTER 2021 HIGHLIGHTS • Revenue grew by 13.6 % ( 5.8 % ) and was EUR 226.1 million ( 199.0 ) • • • • • Like - for - like revenue for stores grew by 12.7 % ( 4.4 % ) Comparable gross profit totalled EUR 74.8 million ( 63.8 ) , with the comparable gross margin being 33.1 % of revenue ( 32.1 % ) Comparable EBIT amounted to EUR 6.8 million ( 0.3 ) , representing 3.0 % of revenue ( 0.1 % ) Cash flow from operating activities amounted to EUR -22.0 million ( -23.5 ) Earnings per share , diluted was EUR 0.07 ( -0.04 ) TOKMANNI'S OUTLOOK FOR 2021 Tokmanni's outlook remains unchanged . Tokmanni forecasts slight growth in revenue for 2021. Group profitability measured in euros ( comparable EBIT ) is expected to be on the same level as last year . CEO MIKA RAUTIAINEN : An excellent start to Tokmanni's year Tokmanni's revenue grew by 13.6 % . All product categories enjoyed strong growth , particularly leisure and home electronics products . Online store sales grew by 145.5 % . The number of customer visits decreased by 0.8 % , while the average basket size grew by 14.5 % . Customer behaviour was strongly influenced by the measures and restrictions imposed to control the coronavirus pandemic . At Tokmanni , coronavirus infections have remained very low . We thank our customers for acting responsibly in our stores and our employees for coping with the impacts of the coronavirus crisis . Tokmanni's gross margin improved clearly in the first quarter . Additionally , we succeeded in maintaining strict cost control . Operating profit increased on the back of revenue growth , an improved gross margin and cost control . Comparable EBIT set a record for the first quarter , amounting to EUR 6.8 ( 0.3 ) million . The spring season is already under way in most of Finland . Tokmanni's new spring and summer selection is available almost in its entirety at our stores . Tokmanni has so far succeeded in managing the challenges facing global transport so that it will not cause any major problems for the business . At the Capital Markets Day held in March , Tokmanni announced its new financial targets . We have initiated systematic measures to achieve these targets . Customer trust and customer loyalty are at the core of everything we do .