Brief: TCM Group Q4 EBIT Down At DKK 33.4 Mln

TCM A/S

24/02/2021 06:35

Feb 24 (Reuters) - TCM Group A/S  TCM.CO :
    * REG-TCM GROUP A/S: ANNUAL REPORT 2020
    * PROPOSES ORDINARY DIVIDEND FOR 2020 OF DKK 5.50 PER SHARE
CORRESPONDING TO 54% OF NET PROFIT
    * PROPOSES EXTRAORDINARY DIVIDEND OF DKK 7.50 PER SHARE
    * Q4 REVENUE DKK 262.8  MILLION VERSUS DKK 261.6 MILLION
YEAR AGO
    * Q4 EBIT DKK 33.4 MILLION VERSUS DKK 39.4 MILLION YEAR AGO
    * SEES 2021 REVENUE IN RANGE OF DKK 1,040-1,100 MILLION,
CORRESPONDING TO AN EXPECTED ORGANIC GROWTH OF 4-10% ON
CONTINUING BUSINESS EXCLUDING DIVESTMENT OF SVANE STORE IN
COPENHAGEN
    * SEES 2021 EBIT IN RANGE OF DKK 145-160 MILLION
    * PROPOSES IMPLEMENTATION OF A SHARE BUY BACK PROGRAM OF IN
TOTAL
UP TO DKK 150 MILLION

Source text for Eikon:  ID:nGNE8w3mGh 
Further company coverage:  TCM.CO 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 6600;))