Brief: TKH Group H1 Turnover Up At 725.8 Million Euros

TKH

17/08/2021 06:52

Aug 17 (Reuters) - TKH Group NV  TWKNc.AS :
    * TURNOVER IN FIRST HALF OF YEAR INCREASED WITH EUR 46.9
MILLION
(6.9%) TO EUR 725.8 MILLION (H1 2020: EUR 679.0 MILLION
    * THE IMPROVED MARKET CIRCUMSTANCES, COMBINED WITH THE
INCREASING
DEMAND AND STRONG ORDER BOOK, LEADS TO A POSITIVE OUTLOOK FOR
THE FULL YEAR
    * H1 GROSS MARGIN DECREASED TO 48.2% (H1 2020: 49.0%)
    * SUPPLY CHAIN CHALLENGES CAN HAVE AN IMPACT ON SOME OF
TKH’S
OPERATIONS IN THE SECOND HALF OF 2021
    * H1 OPERATING RESULT BEFORE AMORTIZATION OF INTANGIBLE
ASSETS AND
ONE-OFF INCOME AND EXPENSES (EBITA) INCREASED BY 22.3% TO EUR
84.4 MILLION IN FIRST HALF OF 2021
    * FORECAST FY: NET PROFIT FROM CONTINUED OPERATIONS BEFORE
AMORTIZATION AND ONE-OFF INCOME AND EXPENSES ATTRIBUTABLE TO
SHAREHOLDERS TO INCREASE SIGNIFICANTLY TO BETWEEN € 106 MILLION
AND € 112 MILLION, COMPARED TO € 70.3 MILLION OVER 2020
    * H1 NET PROFIT FROM CONTINUED OPERATIONS BEFORE
AMORTIZATION AND
ONE-OFF INCOME AND EXPENSES ATTRIBUTABLE TO SHAREHOLDERS
INCREASED BY 37.5% TO EUR 49.4 MILLION (H1 2020: EUR 36.0
MILLION)
    * WITH THE MORE FOCUSED STRATEGIC DIRECTION, OUR STRONG
INNOVATIVE
POWER AND A LARGE NUMBER OF NEW CONTRACTS SIGNED, WE ARE WELL
POSITIONED TO BOOST OUR PERFORMANCE AMIDST THE POST-COVID-19
RECOVERY - CEO

Source text for Eikon:  ID:nNDL6mqb97 
Further company coverage:  TWKNc.AS 

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