Brief: TKH Group Q3 Return On Sales Stable At 10.4%

TKH

17/11/2020 06:51

Nov 17 (Reuters) - TKH Group NV  TWKNc.AS :
    * MARKET UPDATE Q3
    * Q3 GROSS MARGIN IMPROVES TO 49.9% (Q3 2019: 46.7%)
    * Q3 ROS REMAINS STABLE AT 10.4% (Q3 2019: 10.5%) – DESPITE
LOWER
TURNOVER
    * IS RAISING ITS PREVIOUS FORECAST OF AUGUST 2020 FOR THE
LOWER
END OF ITS BANDWIDTH FOR NET PROFIT BEFORE AMORTIZATION AND
ONE-OFF INCOME AND EXPENSES TO € 65 MILLION FROM € 63 MILLION
    * SIGNIFICANT INCREASE EBITA WITHIN BUILDING SOLUTIONS.
    * IS NOW FORECASTING A NET PROFIT BEFORE AMORTIZATION AND
ONE-OFF
INCOME AND EXPENSES OF € 65 - € 69 MILLION FOR FULL-YEAR 2020
    * WORKING CAPITAL NOT RETURNED TO NORMAL LEVEL DUE TO
COVID-19.
EXPECTATION IS THAT THIS WILL IMPROVE TOWARDS THE END OF THE
YEAR
    * HAS DECIDED TO START A SHARE BUYBACK PROGRAM AS OF 18
NOVEMBER
2020 WORTH € 25 MILLION, WITH THE INTENTION TO REDUCE THE ISSUED
CAPITAL IN DUE TIME
    * SEES A GOOD PERSPECTIVE FOR THE REALIZATION OF THE MEDIUM
TERM
ROS TARGET OF AT LEAST 15% - CEO
    * WILL RESTART THE DIVESTMENT ACTIVITIES, WHICH WERE
ANNOUNCED MID
2019

Source text for Eikon:  ID:nNDLbGdQ6f 
Further company coverage:  TWKNc.AS 

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