TKM Group’s First-Half Sales Revenue Increased by 9.6%

10.07.2026

TKM Group reported unaudited consolidated sales revenue of EUR 255.2 million for the second quarter of 2026, representing an increase of 9.6% compared to the same period last year. For the first six months of 2026, sales revenue totalled EUR 483.6 million, up 8.0% year-on-year.

The Group’s unaudited consolidated profit before tax for the second quarter of 2026 amounted to EUR 6.2 million, which was 7.2% lower than in the comparable period last year. Profit before tax for the first six months of 2026 reached EUR 8.2 million, exceeding the result of the previous comparable period by 3.4%.

Growth was driven primarily by the strong performance of the car trade segment in both Estonia and Lithuania, while the security segment also delivered a solid result.

According to Raul Puusepp, Chairman of the Management Board of TKM Group, consumer confidence has not yet recovered, and the additional purchasing power resulting from the abolition of Estonia’s so-called “tax hump” has unfortunately been directed primarily towards covering energy and fuel costs rather than everyday consumption.

“Although sales revenue from food products remained close to last year’s level, sales volumes continued to decline,” said Puusepp. He added that the competitive environment in the supermarket segment remains intense and consumers understandably expect attractive prices.

“At Selver, we have adhered to the principle that, alongside a broad and high-quality assortment that meets the expectations of our loyal customers, highly attractive offers must always be available across all product categories. A comprehensive price survey conducted by MyRetailmonitor in April, analysing prices of nearly 18,000 products, showed that Selver is 1.4–2.5% cheaper than other major retail chains,” noted Puusepp.

Puusepp also highlighted that the car segment’s 60% growth in sales revenue and improvement of more than EUR 2.5 million in first-half profit clearly demonstrate that automotive retail is currently the Group’s fastest-growing business area and key growth engine.

“We have successfully benefited from the recovery of the Estonian market, while our renewed Škoda-Kia multi-brand dealership in Vilnius has strengthened our position in Lithuania. In April, Viking Motors opened a new body repair workshop in Peetri, which is the largest and most technologically advanced facility of its kind in the region. The integration of Rohe Auto AS and SKO Motors OÜ further reinforces our market position and provides a solid foundation for continued growth in the second half of the year,” said Puusepp.

He also pointed to the rapid growth of the Group’s security segment, noting that a number of major contracts have been secured in both security technology and guarding services, with a long-term positive impact.

Supermarkets Segment

The supermarket segment generated consolidated sales revenue of EUR 147.0 million in the second quarter of 2026, a decrease of 5.6% compared to the same period last year. First-half consolidated sales revenue totalled EUR 298.4 million, down 4.8% year-on-year.

A total of 21.1 million purchases were made in stores during the first six months of 2026, representing a decline of 4.3% compared to the previous year.

The segment recorded profit before tax and net profit of EUR 1.9 million in the second quarter of 2026, which was EUR 1.5 million lower than in the base period. For the first half of the year, consolidated profit before tax amounted to EUR 1.9 million, EUR 2.2 million below the comparable period.

First-half net profit was EUR 0.9 million, down EUR 2.6 million year-on-year. The difference between net profit and profit before tax resulted from income tax paid on dividends, which was EUR 0.4 million higher than a year earlier.

Department Stores Segment

The department stores segment generated sales revenue of EUR 24.9 million in the second quarter of 2026, a decrease of 3.0% compared to the previous year. The segment reported a pre-tax loss of EUR 0.1 million, which was EUR 0.05 million larger than in the comparable period.

First-half sales revenue amounted to EUR 47.8 million, down 1.4% year-on-year. The segment’s pre-tax loss for the first six months of 2026 was EUR 1.8 million, deteriorating by EUR 0.1 million compared to the same period last year.

Car Trade Segment

The car trade segment generated sales revenue of EUR 76.2 million in the second quarter of 2026, representing growth of 68.8% compared to the previous year.

Profit before tax in the second quarter amounted to EUR 2.7 million, which was EUR 1.1 million higher than in the same period a year earlier.

The segment’s first-half sales revenue reached EUR 132.0 million, increasing by 60.1% year-on-year. First-half profit before tax totalled EUR 4.8 million, exceeding the prior-year result by EUR 2.5 million.

Security Segment

The security segment’s external sales revenue amounted to EUR 5.2 million in the second quarter of 2026, an increase of 20.2% compared to the same period last year.

The segment reported a pre-tax loss of EUR 0.3 million in the second quarter, remaining at the same level as in the comparable period.

External sales revenue for the first six months of 2026 totalled EUR 10.8 million, up 20.0% year-on-year. The first-half pre-tax loss amounted to EUR 0.3 million, representing an improvement of EUR 0.2 million compared to the same period last year.

Real Estate Segment

The real estate segment generated external sales revenue of EUR 3.7 million during the first half of 2026, a decrease of 4.8% compared to the same period last year. Second-quarter external sales revenue amounted to EUR 1.9 million, down 3.4% year-on-year.

The segment’s first-half profit before tax was EUR 4.5 million, a decrease of 1.3% compared to the comparable period. In the second quarter, the segment earned EUR 2.4 million in profit before tax, which was 0.8% lower than a year earlier.