Supply-chain challenges worries cloud TKH's results, shares drop

TKH

16/08/2022 09:51

** Shares in Dutch technology company TKH Group  TWKNc.AS 
slide 1.5% and reverse course after rising nearly 6% earlier,
shrugging off H1 beat, as supply chain challenges are seen to
impact second-half results
    ** "TKH's operating income was negatively impacted by
component shortages and lockdowns in China," ING writes, even
though it rose 8.7% to EUR 57.1 mln ($57.93 mln) in Q2
    ** The brokerage also notes that the company's revenue and
EBITA in H2 are seen lower as TKH said the impact of
"supply-chain challenges" was expected to be more severe in H2
    ** The group's H1 turnover rose 24% to EUR 899.7 mln,
beating consensus estimates of EUR 856.4 mln, KBC Securities
says
    ** The stock is down around 26% YTD

($1 = 0.9856 euros)

 (Reporting by Juliette Portala)
 ((juliette.portala@tr.com))