TKM Grupp reports 8.2 percent sales growth: what it means for Tallinna Kaubamaja stock

Published on 10/15/2026 at 13:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Car sales generated EUR 73.4 million in the third quarter of 2026. Tallinna Kaubamaja stock costs EUR 9.27 on October 15, 2026 at Lang & Schwarz.

Sales growth and earnings pressure

TKM Grupp reported EUR 251.7 million in third-quarter sales on October 9, 2026.
Car segment revenue rose 39.2 percent to EUR 73.4 million in the third quarter of 2026.
Tallinna Kaubamaja stock was trading at EUR 9.27 at 1:28 p.m. CEST at Lang & Schwarz on October 15, 2026.

Tallinna Kaubamaja, EE0000001105, Illustration mit AI erstellt.

TKM Grupp (ISIN EE0000001105) generated EUR 251.7 million in third-quarter sales, up 8.2 percent from a year earlier, according to GlobeNewswire on October 9, 2026. The result came with weaker profitability, making the quarter a mixed update for Tallinna Kaubamaja investors.

Sales growth came from cars

The car segment was the clearest growth engine. Revenue reached EUR 73.4 million in the third quarter of 2026, an increase of 39.2 percent year over year, while the segment's profit before tax rose 12.9 percent to EUR 2.8 million, the company said in the same release.

For the first nine months of 2026, group sales totaled EUR 735.2 million, 8.1 percent above the EUR 680.4 million recorded in the same period of 2025. Car revenue increased 52.0 percent to EUR 205.4 million over that period, while 5,550 new vehicles were sold, 37.9 percent more than a year earlier.

What does growth mean for profit?

The earnings mix is the key issue. Group profit before tax fell 11.7 percent year over year to EUR 7.1 million in the third quarter of 2026, and first-nine-month profit before tax declined 4.2 percent to EUR 15.3 million.

The retail businesses remained under pressure. Selver revenue fell 1.7 percent to EUR 148.2 million in the third quarter, while its first-nine-month profit before tax declined to EUR 5.6 million from EUR 8.7 million. Department stores posted a EUR 1.2 million pre-tax loss for the quarter.

Stock and operating milestones

The release also points to concrete operating changes. A new Papiniidu Selver is scheduled to open in November, while Mai Selver and Põlva Selver are scheduled to close in October. The group is also preparing a Relex inventory management system for Selver.

At Lang & Schwarz, TKM Grupp stock was trading at EUR 9.27 on October 15, 2026 at 1:28 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Tallinna Kaubamaja stock.