Brief: TKH Group Q1 Turnover Down 4.7% YoY, Sees Improved H1 Outlook

TKH

05/05/2021 07:54

May 5 (Reuters) - TKH GROUP NV  TWKNc.AS :
    * MARKET UPDATE Q1 2021
    * TURNOVER SHOWED AN ORGANIC DECLINE OF 4.7% IN THE FIRST
QUARTER
COMPARED TO THE FIRST QUARTER OF 2020
    * IMPROVED OUTLOOK FOR THE FIRST HALF YEAR
    * Q1 EBITA DECREASED IN LINE WITH TURNOVER, ALTHOUGH
BUILDING
SOLUTIONS SHOWED A SUBSTANTIAL INCREASE
    * NOW ANTICIPATES A HIGHER RESULT THAN IN THE FIRST HALF OF
2020
    * Q1 SAW FURTHER INCREASE IN ORDER INTAKE, WHICH RESULTED IN
GROWTH OF ORDER BOOK AT 31 MARCH 2021 COMPARED TO 31 DEC 2020
AND COMPARED TO 31 MARCH 2020
    * CONFIDENT THAT TKH'S RESULTS WILL IMPROVE TOWARDS MEDIUM
TERM
ROS-TARGET OF 15% - CEO

Source text for Eikon:  ID:nNDL18fJbW 
Further company coverage:  TWKNc.AS 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))