Brief: TKH Group Q3 EBITA Up At EUR 55.2 Mln

TKH

15/11/2022 06:37

Nov 15 (Reuters) - TKH GROUP NV  TWKNc.AS :
    * TURNOVER CONTINUES TO GROW IN Q3 2022
    * Q3 TURNOVER INCREASED BY 16.7% TO € 451.2 MILLION (Q3
2021: €
386.7 MILLION) DUE TO STRONG VOLUME GROWTH
    * END-Q3 ORDER BOOK CONTINUED TO GROW COMPARED TO THE
PREVIOUS
QUARTER
    * ROS WAS 12.2% OVER Q3 2022 (Q3 2021: 13.7%)
    * WE EXPECT A RECORD HIGH ORDER INTAKE FOR 2022
    * COMPONENT SHORTAGES ARE MAINLY AFFECTING THE SMART
MANUFACTURING
SEGMENT
    * Q3 EBITA BEFORE ONE-OFF INCOME AND EXPENSES INCREASED BY
4.4% TO
€ 55.2 MILLION (Q3 2021: € 52.9 MILLION), IMPACTED BY RAW
MATERIAL PRICE EFFECTS AND SUPPLY-CHAIN CONSTRAINTS
    * COMPONENT SHORTAGES: WE EXPECT THIS TO CONTINUE IN COMING
QUARTERS, WHICH WILL DELAY COMPLETION OF PROJECTS AND INCREASE
OPERATIONAL INEFFICIENCY
    * FORESEES AN INCREASE IN NET PROFIT BEFORE AMORTIZATION AND
ONE-OFF INCOME AND EXPENSES ATTRIBUTABLE TO SHAREHOLDERS TO
BETWEEN € 136 MILLION AND € 144 MILLION (2021: € 113.9 MILLION)
FOR THE FULL YEAR 2022
    * THE EXECUTION OF OUR ACCELERATE 2025 PROGRAM IS WELL ON
TRACK,
AND WE ARE EXCITED ABOUT THE OPPORTUNITIES WE HAVE
    * 2022 OUTLOOK REITERATED

Source text: https://bit.ly/3Ez7CUT
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