TKH Group's shares rise as Q1 earnings increase

TKH

24/04/2023 10:40

** Shares in TKH Group  TWKNc.AS  rise around 3% after the
Dutch tech company posted a jump in Q1 core earnings
    ** Its Q1 EBITA before one-off income and expenses rise to
60.4 million euros ($66.53 million) from 58.5 million a year
earlier; analysts at KBC Securities expected 55.3 million euros
    ** The group reiterates FY outlook
    ** KBC sees margin improvements in the short term supported
by improving supply chains and disappearance of import taxes
from fibre optics
    ** In the long term, new production facilities should be
catalysts generating organic growth, given strong demand, and
operational leverage, adds KBC
    ** The stock is on track for best day in a month

($1 = 0.9079 euros)

 (Reporting by Michal Aleksandrowicz)
 ((michal.aleksandrowicz@tr.com))