Arttu has written a new company report on Tokmanni following the company’s Q3 results 
Tokmanni’s Q3 earnings fell short of our expectations as slowed domestic demand weighed on the Tokmanni segment’s result. Dollarstore’s metrics developed encouragingly, but the turnaround is in its early stages and its sustainability remains difficult to predict. We lowered our earnings forecast for the current year, but changes made to forecasts for the coming years were moderate. In our view, the expected return on the stock remains narrow. We reiterate our Reduce recommendation and EUR 7.0 target price.