News
In the fourth quarter of 2021, the consolidated unaudited sales revenue of the Group was 217.5 million euros, which was 8.1% more than the sales revenue of the same period in 2020. The sales revenue of 2021 was 821.6 million euros, showing a growth of 10.7% compared to the result of 2020, when the sales revenue was 741.9 million euros. In the fourth quarter of 2021, the Group’s unaudited consolidated net profit was 11.7 million euros, which was 46.6% higher than the profit of the comparable period in the previous year. The Group’s net profit of 2021 was 32.0 million euros, which was 64.2% higher than the result of the previous year. The pre-tax profit earned in 2021 was 36.5 million euros, showing a 52.3% increase compared to last year.
Unaudited consolidated interim accounts for the third quarter and first nine months of 2021
In the third quarter of 2021, the consolidated unaudited sales revenue of the Group was 206.2 million euros, which was 6.2% more than the sales revenue of the same period in 2020. The sales revenue in the nine months was 604.1 million euros, which was an 11.7% increase in comparison with the result of the first nine months of 2020, when the sales revenue was 540.7 million euros. In the third quarter of 2021, the Group’s unaudited consolidated net profit was 12.6 million euros, which was 69.1% higher than the profit of the comparable period in the previous year. The Group’s net profit of the first nine months of 2021 was 20.3 million euros, which was 76.4% higher than the result of the comparable period in the previous year. In the first nine months, the pre-tax profit was 24.6 million euros, increasing by 42.2% compared to the year before. 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. Read more
Gradual closure of stores specialised in footwear sales
TKM King AS, subsidiary of Tallinna Kaubamaja Group, will gradually close its ABC KING and SHU physical stores that are specialised in footwear sales during 2022. The Group will continue footwear sales through e-channels, in Kaubamaja and in larger Selver stores. At present, there are no plans to sell shares of TKM King AS, termination of the company neither change the composition of the management board. The closure decision does not have significant impact on the Group’s financial results. Read more