TKH Group rises on results beat, positive 2022 view

TKH

08/03/2022 11:00

** Shares in TKH Group  TWKNc.AS  rise 6%, paring gains
after rising as much as 9.2%, after the Dutch technology company
posted results above market expectations and upbeat outlook
 urn:newsml:reuters.com:*:nFWN2VA19B
    ** The group reported FY turnover up 18.2% at EUR 1.52 bln
($1.65 bln) vs. consensus of EUR 1.49 bln, according to
Berenberg; adjusted EBITA +39.9% at EUR 189.6 mln against a EUR
185.5 mln analysts' estimate
    ** TKH anticipates further organic growth in turnover and
result in all segments in 2022
    ** Berenberg says the outlook is supported by the strong
order intake seen last year
    ** TKH also proposes a dividend of EUR 1.50 per ordinary
share, up 50% from a year earlier
    ** "This feels good value for a stock growing revenue at a
high single digit level with improving margins," Berenberg notes
on valuation
    ** Shares are on track for their best day since August 18,
2021

($1 = 0.9188 euros)

 (Reporting by Olivier Cherfan)
 ((olivier.cherfan@thomsonreuters.com))