Page 1

Tokmanni Group Corporation Business Review Tokmanni's Business Review for 1 January - 30 September 2021 Revenue increased and EBIT improved THIRD QUARTER 2021 HIGHLIGHTS ● ● JANUARY - SEPTEMBER 2021 HIGHLIGHTS ● Revenue grew by 7.0 % ( 13.1 % ) and was EUR 280.1 million ( 261.7 ) Like - for - like revenue for stores grew by 5.4 % ( 11.6 % ) Comparable gross profit totalled EUR 95.1 million ( 89.0 ) , with the comparable gross margin being 34.0 % ( 34.0 % ) Unaudited 29 October 2021 at 8:30 am Comparable EBIT amounted to EUR 26.1 million ( 24.0 ) , representing 9.3 % of revenue ( 9.2 % ) Cash flow from operating activities amounted to 12.5 million ( 6.1 ) Earnings per share , diluted was EUR 0.32 ( 0.29 ) Revenue grew by 8.2 % ( 13.2 % ) and was EUR 807.7 million ( 746.7 ) Like - for - like revenue for stores grew by 7.0 % ( 11.8 % ) Comparable gross profit totalled EUR 275.6 million ( 251.4 ) , with the comparable gross margin being 34.1 % ( 33.7 % ) Comparable EBIT amounted to EUR 65.2 million ( 54.9 ) , representing 8.1 % of revenue ( 7.4 % ) Cash flow from operating activities amounted to 51.9 million ( 61.5 ) Earnings per share , diluted was EUR 0.80 ( 0.63 ) TOKMANNI'S OUTLOOK FOR 2021 Tokmanni's outlook remains unchanged . Tokmanni forecasts revenue growth for 2021. Group profitability measured in euros ( comparable EBIT ) is expected to improve and to be EUR 105-115 million . 1 TOKMANNI