Brief: TKH Group Expects FY EBITA At Lower End Of Guidance

TKH

14/11/2023 06:33

Nov 14 -  TWKNc.AS :
    * REITERATES EARLIER COMMUNICATED OUTLOOK WITH AN EBITA
BEFORE
ONE-OFF INCOME AND EXPENSES BETWEEN EUR 230 MLN AND EUR 240 MLN,
HOWEVER EBITA IS EXPECTED TO BE AT LOWER END OF FORECASTED RANGE
    * 2023 OUTLOOK: NET PROFIT BEFORE AMORTIZATION AND ONE-OFF
INCOME
AND EXPENSES ATTRIBUTABLE TO SHAREHOLDERS AT THE LOWER END OF
THE € 126 MILLION TO € 134 MILLION RANGE, BARRING UNFORESEEN
CIRCUMSTANCES
    * WE NOW EXPECT EBITA TO DECREASE SLIGHTLY FOR SMART VISION
SYSTEMS IN THE SECOND HALF OF 2023, COMPARED TO THE FIRST HALF
OF 2023
    * TKH DECIDED TO CLOSE CABLE PRODUCTION ACTIVITIES IN CHINA.
ONE-OFF COSTS WILL BE RECOGNIZED IN Q4 OF 2023 RELATED TO THIS
CLOSING. ROS DECREASED COMPARED TO FIRST HALF OF 2023
    * "WE EXPECT TO ACCELERATE OUR DIVESTMENT OPPORTUNITIES IN
THE
COMING 12 MONTHS. THIS GIVES US FURTHER ROOM TO INVEST IN OUR
CORE TECHNOLOGIES, WHILE WE WILL ALSO USE THE FUNDS FOR
ADDITIONAL SHARE BUYBACK PROGRAMS"-CEO

        
 Source text: https://tinyurl.com/rbvxjjx5
 Further company coverage:  TWKNc.AS  

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