Brief: TKH Group Q2 EBITA Up At EUR 66.4 Mln
16/08/2022 06:11
Aug 16 (Reuters) - TKH GROUP NV TWKNc.AS :
* STRONG PERFORMANCE FROM Q1 CONTINUED IN Q2 LEADING TO
RECORD
RESULTS OVER H1 2022
* POSITIVE OUTLOOK SUPPORTED BY STRONG ORDER BOOK
* Q2 EBITA BEFORE ONE-OFF INCOME GREW TO € 57.1 MILLION
(+8.7%),
DESPITE SHORTAGES OF COMPONENTS AND NEW LOCK DOWNS IN CHINA
* Q2 EBITA INCREASED TO € 66.4 MILLION (+26.5%), INCLUDING
ONE-OFF
INCOME OF € 9.3 MILLION FROM DIVESTMENTS
* H1 STRONG TURNOVER GROWTH TO € 899.7 MILLION (+24.0%),
WITH
ORGANIC GROWTH AT 15.7%
* H1 NET PROFIT BEFORE AMORTIZATION AND ONE-OFF INCOME AND
EXPENSES ATTRIBUTABLE TO SHAREHOLDERS INCREASED SIGNIFICANTLY BY
42.7% TO € 70.5 MILLION
* END-H1 ORDER BOOK SHOWS A SOLID INCREASE TO € 803 MILLION
AS AT
JUNE 30, 2022 (+7.5%), COMPARED TO YEAR-END 2021
* STRONG DEMAND AND ORDERBOOK GIVE TKH A POSITIVE OUTLOOK
FOR THE
SECOND HALF OF 2022
* FACTORY IN UKRAINE RESTARTED PRODUCTION IN APRIL; NOW
RUNNING
AGAIN AT FULL CAPACITY
* GEOPOLITICAL SITUATION, SUPPLY CHAIN IMBALANCES AND
LOCKDOWNS IN
CHINA HAD LIMITED NEGATIVE IMPACT ON TURNOVER
* FURTHER INCREASE PRIORITY AND AMBITION OF ENERGY
TRANSITION
AGENDA IN EUROPE – TKH WELL POSITIONED TO CONTRIBUTE
* FY NET PROFIT BEFORE AMORTIZATION AND ONE-OFF INCOME AND
EXPENSES ATTRIBUTABLE TO SHAREHOLDERS IS EXPECTED TO INCREASE TO
BETWEEN € 136 MILLION AND € 144 MILLION, COMPARED TO € 114.1
MILLION IN 2021
* STRATEGICALLY IMPORTANT CAPEX PROGRAMS LAUNCHED TO
INCREASE
PRODUCTION CAPACITY, ESPECIALLY RELATED TO ENERGY TRANSITION
* IN SMART CONNECTIVITY SYSTEMS, TURNOVER AND EBITA IN H2
2022 ARE
EXPECTED TO BE COMPARABLE TO H1 2022
* IN SMART MANUFACTURING SYSTEMS, TURNOVER AND EBITA IS
EXPECTED
TO BE LOWER IN H2 COMPARED TO H1 2022
* MARKET DEMAND IS HIGH AND THE ORDER INTAKE IN H2 2022 IS
EXPECTED TO CONTINUE AT A HIGH LEVEL WITH A VERY GOOD START IN
Q3
Source text for Eikon: ID:nNDL6t2QbH
Further company coverage: TWKNc.AS
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 587 696 600;))