News

  • Payment of dividends

    Pursuant to the decision of the general annual meeting of shareholders of Tallinna Kaubamaja Grupp AS held on 21 March 2019, a dividend of 0.71 euros per share will be paid. The list of shareholders entitled to receive dividends was fixed on 4 April 2019, as at the end of the working day of the Nasdaq CSD branch in Estonia. Dividends will be paid to shareholders on 12 April 2019 by transfer to shareholders’ bank accounts.

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  • Unaudited consolidated interim accounts for the first quarter of 2019

    In the first quarter of 2019, the unaudited consolidated sales revenue of the Tallinna Kaubamaja Group was 163.7 million euros. The growth was 3.2% compared to the first quarter of 2018, when the comparable sales revenue was 158.6 million euros. The net loss of the reporting period was 2.2 million euros, influenced by the income tax calculated on dividends (6.5 million euros). The loss in the first quarter of 2018 was 0.2 million euros, including 6.2 million euros of income tax. The pre-tax profit was 4.3 million euros – 1.8 million euros lower than the result of the previous year, of which 0.4 million euros was due to the negative impact on the pre-tax profit caused by the difference of estimated interest and depreciation calculated in accordance with the new financial reporting standard IFRS 16, which entered into force on 1 January 2019. Read more

  • Changes in the management board of AS TKM King, subsidiary of Tallinna Kaubamaja Grupp AS

    Tallinna Kaubamaja Grupp AS is bringing the retail chains specialised in certain types of goods under the same management team. This change pertains to the subsidiaries AS TKM King, OÜ TKM Beauty, and OÜ TKM Beauty Eesti. In this regard, Anne-Liis Ostov will assume the position of CEO and member of the management board of AS TKM King, subsidiary of Tallinna Kaubamaja Grupp AS that operates the retail chains ABC King and SHU, as of 4 April 2019. The authorisation of Tiit Mägi, current member of the management board of AS TKM King, will expire on 1 May 2019 due the end of the term of authorisation. Tiit Mägi will leave Tallinna Kaubamaja Group. Read more

Tallinna Kaubamaja Group

Operators that form Tallinna Kaubamaja Group mostly pursue their business in the sphere of retail and wholesale trade. The Group companies contribute more than one tenth of retail trade in Estonia in general and employ more than 3,500 people.

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