Denmark's TCM Group Q2 revenue rises on B2C strength; keeps outlook
Denmark's TCM Group Q2 revenue rises on B2C strength; keeps outlook
Overview
Denmark kitchen maker's Q2 revenue rose 7% yr/yr, driven by B2C segment growth
Adjusted EBITA margin fell to 8.6% from 10.3% as operating expenses increased
Company maintained 2026 guidance, citing strong order intake and robust order book
Outlook
TCM Group maintains 2026 revenue guidance at DKK 1,400-1,500 mln
Company sees 2026 adjusted EBITA between DKK 120 mln and DKK 140 mln
Company cites strong order book but warns of potential impact from geopolitical uncertainty
Result Drivers
B2C SEGMENT GROWTH - Revenue increase in Q2 was mainly driven by B2C segments, per CEO Jens-Peter Poulsen
ORDER INTAKE - Overall order intake during the quarter was significantly higher than in the same period last year, with some orders brought forward ahead of a sales price increase
COST PRESSURES - Rising raw material and freight costs linked to Middle East conflict impacted results, but gross margin was maintained
Company press release: ID:nGNE33cw79
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| DKK 375 mln |
|
Q2 Adjusted EBIT |
| DKK 29.10 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the construction supplies & fixtures peer group is "buy."
Wall Street's median 12-month price target for TCM Group A/S is DKK91.50, about 31.1% above its August 19 closing price of DKK69.80
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago
Reuters Recommended Reads
Aug 19 - Plumbing supplier Geberit offsets raw materials spike from Iran war
Aug 19 - Denmark's Rockwool Q2 revenue rises on volume growth; lifts 2026 outlook
Aug 18 - Orthex Q2 sales rise on storage and kitchen category performance
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)