News
As of the interim reports for the second quarter and the first six months of 2021, the Group has decided to make a change in the structure of the reporting of operating segments. A new security segment has been brought out and the former footwear segment is added to the segment of department stores. The respective comparative data is adjusted retrospectively. In the second quarter of 2021, the consolidated unaudited sales revenue of the Group was 207.2 million euros, which was 21.2% more than the sales revenue of the same period in 2020. The sales revenue in the first half of the year was 398.0 million euros, showing a growth of 14.8% compared to the result of the first half of 2020, when the sales revenue was 346.5 million euros. In the second quarter of 2021, the Group’s unaudited consolidated net profit was 9.9 million euros, which was 70.3% higher than the profit of the comparable period in the previous year. The Group’s net profit of the first six months of 2021 was 7.7 million euros, which was 89.9% higher than the result of the previous comparable period. The pre-tax profit earned in in the first half was 12.0 million euros, showing a 21.9% increase compared to last year. Net profit was affected by the dividend payment, from which 4.3 million euros of income tax was calculated in the first quarter of 2021; 5.8 million euros of income tax was calculated a year before.
Prolongation of authorities of members of the Management Board and Supervisory Board of the subsidiaries of Tallinna Kaubamaja Grupp AS
The Supervisory Boards of the subsidiaries of Kaubamaja AS, TKM Auto OÜ, Aktsiaselts VIKING MOTORS and Kulinaaria OÜ have resolved to prolong the authorities of members of the Management Board. As per resolution of the Supervisory Board of Kaubamaja AS, Erkki Laugus shall continue as member of the Management Board and his term of authorities was prolonged for another 3-year term until 15 June 2024. As per resolutions of the Supervisory Boards of TKM Auto OÜ and Aktsiaselts VIKING MOTORS, Jüri Kuusk shall continue as member of the Management Board of both these subsidiaries and his term of authorities was prolonged at both these subsidiaries for another 3-year term until 18 June 2024. As per resolution of the Supervisory Board of Kulinaaria OÜ, Andres Heinver shall continue as member of the Management Board and his term of authorities was prolonged for another 3-year term until 21 June 2024. Read more
Unaudited consolidated interim accounts for the first quarter of 2021
In the first quarter of 2021, the consolidated unaudited sales revenue of Tallinna Kaubamaja Grupp was 190.8 million euros. Compared to the first quarter of 2020, when comparable sales revenue was 175.5 million euros, the increase was 8.7%. The net loss for the reporting period was 2.2 million euros, which increased by 0.4 million euros compared to the first quarter of 2020. The pre-tax profit was 2.2 million euros, which was 1.9 million euros less than a year earlier. Read more