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06.06.25 - 15:33
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Judgment of the Administrative Regional Court of the Republic of Latvia regarding KIA Auto AS and TKM Grupp AS (GlobeNewswire EN)
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On 5th of June 2025, the Administrative Regional Court of the Republic of Latvia delivered a judgment in a case that has been ongoing for over ten years, concerning the legality of the decision made by the Latvian Competition Council on August 7, 2014, regarding TKM Grupp AS and its subsidiary KIA Auto AS (initial company announcement dated August 21, 2014). KIA Auto AS and TKM Grupp AS express their regret that, despite the extensive explanations, statements, and additional evidence they submitted, these were not taken into account, and the decision of the Latvian Competition Authority was upheld. KIA Auto AS and TKM Grupp do not agree with the findings set forth in the judgment and will submit a cassation claim to the Supreme Court of the Republic of Latvia....
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07.04.25 - 15:33
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Intra-group restructuring of car trade in Lithuania (GlobeNewswire EN)
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TKM Grupp AS has consolidated its car trade segment activities into the subsidiary TKM Auto OÜ, in which TKM Grupp AS holds a 100% stake. According to the stock exchange announcement published on 03.02.2023, TKM Auto OÜ's Lithuanian subsidiary UAB Motus auto became a Škoda dealer in Lithuania in addition to KIAs. In order to separate the KIA and Škoda business lines and increase their independence, the division of UAB Motus auto will be carried out. As a result of the division, UAB Motus auto (the dividing company) will bear the previously used business name UAB KIA Auto and will continue with the resale and service of KIAs. During the division, a new subsidiary will be established with the previously used business name UAB Motus auto (the acquiring company), which will also be 100% owned by TKM Auto OÜ and whose share capital will be 1 000 euros. The share capital of UAB KIA Auto will be reduced in accordance with the requirements of Lithuanian legislation. UAB Motus auto will take over the Škoda ...
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25.03.25 - 08:03
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Dividend payment ex-date of TKM Grupp AS (GlobeNewswire EN)
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TKM Grupp AS (trading code TKM1T, ISIN code EE0000001105) will close the list of shareholders for dividend payment on 31st of March 2025 at the end of the working day of the Nasdaq CSD Estonian Settlement System.Proceeding from the above, the ex-date is 28th of March 2025. From that date the new owner of the shares is not entitled to dividends for the year 2024.TKM Grupp AS will pay dividend 0,65 euros per share on 3rd of April 2025....
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20.02.25 - 15:33
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Audited annual report 2024 (GlobeNewswire EN)
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The Supervisory Board of TKM Grupp AS approved today, on 20 February 2025 the annual report and profit allocation proposal for the year 2024 of TKM Grupp AS. The Supervisory Board decided to present the annual report and profit allocation proposal as prepared by the Management Board for the approval of the general meeting of shareholders. The revenues and profits remained unchanged compared to the preliminary disclosure on 16 January 2025....
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31.01.25 - 08:18
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Estonia Retail Sales Recover 1.2% (AFX)
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BRUSSELS (dpa-AFX) - Estonia's retail sales increased for the first time in more than two years in December, data from Statistics Estonia showed on Friday.The volume of retail sales climbed 1.2 pe......
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05.12.24 - 15:36
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Preliminary ruling of the Court of Justice of the European Union in the ongoing proceedings between KIA Auto AS, TKM Grupp AS and the Latvian Competition Council (GlobeNewswire EN)
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According to previous company announcement of TKM Grupp (15 September 2022), on 14 September 2022 the Administrative Regional Court of the Republic of Latvia decided to stay the proceedings between KIA Auto AS, TKM Grupp AS and the Latvian Competition Council that have been ongoing since 2014. The focus of the proceedings is alleged conflict of competition law of the warranty conditions of KIA Auto AS that were valid in the period of 2004-2009 and the legality of the penalty in the amount of 135 thousand euros (see company announcement dated 22 December 2021 for further details of the proceedings) that was referred with a request to the Court of Justice of the European Union for a preliminary ruling regarding the interpretation of Article 101(1) of the Treaty on the Functioning of the European Union....
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28.11.24 - 08:01
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Estonia Retail Sales Fall Further (AFX)
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BRUSSELS (dpa-AFX) - Estonia's retail sales continued to decline in October, though at a slower pace, data from Statistics Estonia showed on Thursday.The volume of retail sales fell 1.0 percent an......
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31.10.24 - 08:25
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Estonia Retail Sales Fall Further (AFX)
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BRUSSELS (dpa-AFX) - Estonia's retail sales continued to decline at the end of the third quarter, data from Statistics Estonia showed on Thursday.The volume of retail sales fell 4.4 percent annual......
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