Helsinki Stock Exchange: Whose results are actually deceptive?
When reading quarterly reports, it is easy to believe the first big numbers, but they do not always reflect the true health of a company. In this analysis, we take a closer look at the Q2 2026 results of the Helsinki Stock Exchange and highlight companies whose numbers are heavily distorted by exceptional events. Since several weeks have passed since the publication of the latest reports and the market will soon start expecting third-quarter announcements, now is the perfect time to look behind the numbers and understand what is really going on in these companies.
TOKMANTokmanni Group (TOKMAN)
Tokmanni's second-quarter numbers startled investors, as the company's operating profit fell by 173,0% year-on-year and turned into a loss of 14,9 million euros. At first glance, it seems that the retailer's business has run into major difficulties, as net profit also plummeted by 351,0% compared to the previous year.
In reality, however, this large loss is misleading, as it is driven by one-off accounting measures in the Swedish Dollarstore unit. The company made a goodwill impairment of 24,3 million euros and an inventory write-down of 12,0 million euros there. Without these exceptional costs, Tokmanni's operating profit would have actually grown by 4,9%. For investors, this means that although the Swedish expansion has brought unexpected problems, the company's core business remains stable and profitable.
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The information provided is not investment advice. RYTM analyses are generated with AI assistance and are intended for informational purposes only. Always do your own research before making investment decisions.