TKH falls 6.5% as results and guidance disappoints

TKH

13/08/2024 08:26

** Dutch technology firm TKH  TWKNc.AS  falls 6.5% at 0724
GMT after its results came in below expectations
    ** The shares are on track for their worst day in nearly a
year
    ** Jefferies said EBITA decreased 20% over the first half of
the year to 96.8 million euros ($105.79 million), 5% below its
consensus of 101.3 million euros
    ** Better results in Smart Manufacturing were offset by
weaker results in Smart Vision and Smart Connectivity divisions,
the broker said
    ** Analysts of Degroof Petercam added TKH's new full-year
guidance missed its expectations by 5-6%
    ** "The direction of travel is clearly positive, yet the
slope of improvement is not as steep as expected. This is mainly
because Vision is recovering slower than expected", the broker
adds on the guidance


($1 = 0.9150 euros)

 (Reporting by Nathan Vifflin)
 ((nathan.vifflin@thomsonreuters.com; +48 58 769 67 13;))