Brief: TCM Group Q3 Adjusted EBIT Falls To DKK 31.7 Mln

TCM A/S

12/11/2021 07:43

Nov 12 (Reuters) - TCM Group A/S  TCM.CO :
    * TCM GROUP A/S: INTERIM REPORT Q3 2021
    * Q3 REVENUE DKK 262.4  MILLION VERSUS DKK 247.4 MILLION
YEAR AGO
    * Q3 ADJUSTED EBIT ENDED AT DKK 31.7 MILLION COMPARED TO DKK
33.1
MILLION IN Q3 LAST YEAR
    * WE REITERATE OUR FULL YEAR REVENUE GUIDANCE IN RANGE DKK
1,090-1,120 MILLION
    * AND FOR ADJUSTED EBIT WE NARROW OUR GUIDANCE TO BE IN
RANGE DKK
148-155 MILLION
    * FULL-YEAR GUIDANCE FOR FINANCIAL YEAR 2021 IS ADJUSTED
EBIT IN
RANGE DKK 148-155 MILLION (PREVIOUSLY DKK 148-162 MILLION).
    * THE COVID-19 SITUATION HAS LED TO A HIGH FOCUS ON HOME
IMPROVEMENT AND THEREBY INCREASED DEMAND. THERE IS A POSSIBLE
RISK OF THIS LEADING TO SIGNIFICANT COST INFLATION AND
CHALLENGES WITH RAW MATERIAL AVAILABILITY, BOTH OF WHICH CAN
IMPACT TCM GROUP’S FINANCIAL RESULTS NEGATIVELY

Source text for Eikon:  ID:nGNE2fg00s 
Further company coverage:  TCM.CO 

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