Netherlands' TKH Group Q1 revenue rises 9.6% organically

TKH NV

12/05/2026 06:34

Overview

Netherlands industrial technology firm's Q1 revenue rose 9.6% organically from a year earlier

Adjusted EBITA grew 19.1% organically, driven by Electrification and higher cable output

Company reiterates outlook for organic growth in turnover and adjusted EBITA in 2026

Outlook

TKH reiterates expectation of organic turnover and adjusted EBITA growth in 2026

Result Drivers

ELECTRIFICATION GROWTH - Growth in turnover driven by increased output of offshore inter-array cables at Eemshaven and high demand in onshore energy

VISION TECHNOLOGIES - Segment benefited from delivery of larger projects and growth in 3D Vision for consumer electronics and semicon

AUTOMATED MACHINERY DECLINE - Lower order intake in Tire Building Machines, further impacted by geopolitical circumstances, weighed on segment results

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 448.3 mln
Q1 Adjusted EBITA
EUR 46.4 mln
Q1 Order Backlog
EUR 1.03 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 €48.00, about 2.7% above its May 11 closing price of €46.76

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 12 three months ago

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(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.)