The sales revenue of TKM Grupp amounted to 214.9 million euros in the first quarter

In the first quarter of 2025, the consolidated unaudited sales revenue of TKM Grupp amounted to 214.9 million euros. The decline in comparison to the first quarter of 2024 was 3.0%. The pre-tax profit was 1.3 million euros, which was 2.5 million euros less than the result of the year before.

Raul Puusepp, Chairman of the Management Board of TKM Grupp, highlighted the persistently challenging economic environment when discussing the first quarter. Customer uncertainty was affected by the turbulent global political situation as well as local tax increases. ‘The Group’s sales were most significantly impacted by the car tax introduced at the beginning of the year, which reduced new car sales in the first quarter to less than half of last year’s level. The impact of the car segment’s sales revenue in Estonia was alleviated by the stronger results of Latvian and Lithuanian subsidiaries. Overall, the car segment’s quarterly sales revenue declined by 16.8% year-on-year. ‘Looking ahead, in addition to KIA’s expanded range of electric cars, we are expecting a number of important new launches this year – the KIA EV4 and the PV5 electric van. Sales prospects for the second half of the year will also be supported by the launch of the new KIA Sportage and the all-new Ceed range,’ Puusepp said.

On a positive note, Puusepp highlighted that the supermarket segment broke a four-quarter decline and returned to growth. ‘The growth was driven by earlier work to improve price image and successful campaigns. The number of loyal customers and their share of turnover has also increased, which shows the continued trust in our companies and the attractiveness of the incentives that we offer. By the end of the quarter, the number of Partner Card holders exceeded 746,000,’ Puusepp added.

Among the key developments in the first quarter, Puusepp highlighted the opening of Lastemaailm with a completely renewed concept at Kaubamaja’s Tallinn department store. The Group’s Lithuanian real estate company continued the construction of a new KIA and Škoda showroom and service building in Vilnius, aimed at supporting the expansion of the Group’s car segment in the Lithuanian market. In Estonia, preparatory work has started for the construction of a new auto body repair shop next to the Viking Motors Peetri dealership. Renovation projects have also started this year for several shop buildings and preparations have been made for the expansion of Laulasmaa and Keila Selvers.

The consolidated sales revenue of the supermarket business segment in the first quarter of 2025 was 148.3 million euros, increasing by 1.3% compared to the same period of the previous year. In the first quarter, the pre-tax profit was 0.7 million euros, which was 0.4 million euros less than the result of the previous year. In the first quarter of 2025, 10.7 million purchases were made at Selver supermarkets, which was 2.7% more than during the same period last year. As at the end of March, the supermarkets segment included 72 Selver stores, two Delice stores, the Rändpood mobile store, and a café, with a total sales area of 123.8 thousand m², as well as the central kitchen Kulinaaria OÜ and e-Selver, the e-shop with the largest service area in Estonia. At the beginning of this year, the Selver e-shop was voted the Estonian people’s favourite in the food and consumer goods category in a public poll organised by the Estonian E-Commerce Association.

The sales revenue of the first quarter of 2025 of the Kaubamaja department stores business segment was 22.7 million euros, which is 5.2% less than in the same period of the previous year. The pre-tax loss amounted to 1.7 million euros, an increase of 0.5 million euros compared to the same period last year.

In the first quarter of 2025, the sales revenue of OÜ TKM Beauty Eesti, which operates the I.L.U. cosmetics stores, amounted to 1.8 million euros, a decrease of 6.5% compared to the same period of 2024. The loss in the first quarter of 2024 was 0.1 million euros, representing a €0.1 million decrease compared to the profit recorded in the same period last year.

The sales revenue of the car trade segment in the first quarter of 2025 was 37.3 million euros. The sales revenue decreased by 16.8% compared to the previous year. In the first quarter, the segment’s consolidated pre-tax profit was 0.7 million euros, 1.6 million euros less than in the same period last year.

The external sales revenue of the security segment in the first quarter of 2025 was 4.6 million euros, increasing by 1.6% compared to the same period last year. The segment recorded a pre-tax loss of 0.1 million euros in the first quarter. The loss remained at the same level compared to the same period last year.

The sales revenue earned in the real estate segment outside the Group in the first quarter of 2025 was 2.0 million euros. The sales revenue increased by 15.7% compared to the first quarter of last year. The pre-tax profit of the segment of the first quarter was 2.2 million euros. The profit increased by 0.6% in the reference period.