Netherlands' TKH Group Q4 turnover rises on electrification unit strength

TKH

05/03/2026 06:31

Overview

Netherlands technology firm reported Q4 turnover up 8.7% organically

Adjusted EBITA for Q4 rose 8.1% organically, driven by Electrification

Company anticipates organic growth in 2026, with a weak first quarter

Outlook

TKH expects organic growth in turnover and adjusted EBITA in 2026

Company foresees a weak first quarter in 2026

TKH preparing for separation of Electrification and Automation segments

Result Drivers

ELECTRIFICATION GROWTH - Electrification segment saw strong Q4 growth with 29% increase in turnover, driven by offshore inter-array cables and onshore energy demand

VISION TECHNOLOGIES PERFORMANCE - Vision Technologies in Automation showed strong performance due to innovative solutions and global reach

AUTOMATED MACHINERY CHALLENGES - Automated Machinery faced turnover decline due to lower order intake and geopolitical uncertainties

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
EUR 1.76 bln
FY Adjusted EBITA
EUR 189.50 mln
FY Dividend
EUR 1.35
FY Order Backlog
EUR 1.03 bln
FY Orders
EUR 1.66 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electrical components & equipment peer group is "buy"

Wall Street's median 12-month price target for TKH Group NV is €47.00, about 22.9% above its March 4 closing price of €38.24

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)