Aug 16 (Reuters) - TKH GROUP NV :
STRONG PERFORMANCE FROM Q1 CONTINUED IN Q2 LEADING TO RECORD RESULTS OVER H1 2022
POSITIVE OUTLOOK SUPPORTED BY STRONG ORDER BOOK
Q2 EBITA BEFORE ONE-OFF INCOME GREW TO € 57.1 MILLION (+8.7%), DESPITE SHORTAGES OF COMPONENTS AND NEW LOCK DOWNS IN CHINA
Q2 EBITA INCREASED TO € 66.4 MILLION (+26.5%), INCLUDING ONE-OFF INCOME OF € 9.3 MILLION FROM DIVESTMENTS
H1 STRONG TURNOVER GROWTH TO € 899.7 MILLION (+24.0%), WITH ORGANIC GROWTH AT 15.7%
H1 NET PROFIT BEFORE AMORTIZATION AND ONE-OFF INCOME AND EXPENSES ATTRIBUTABLE TO SHAREHOLDERS INCREASED SIGNIFICANTLY BY 42.7% TO € 70.5 MILLION
END-H1 ORDER BOOK SHOWS A SOLID INCREASE TO € 803 MILLION AS AT JUNE 30, 2022 (+7.5%), COMPARED TO YEAR-END 2021
STRONG DEMAND AND ORDERBOOK GIVE TKH A POSITIVE OUTLOOK FOR THE SECOND HALF OF 2022
FACTORY IN UKRAINE RESTARTED PRODUCTION IN APRIL; NOW RUNNING AGAIN AT FULL CAPACITY
GEOPOLITICAL SITUATION, SUPPLY CHAIN IMBALANCES AND LOCKDOWNS IN CHINA HAD LIMITED NEGATIVE IMPACT ON TURNOVER
FURTHER INCREASE PRIORITY AND AMBITION OF ENERGY TRANSITION AGENDA IN EUROPE – TKH WELL POSITIONED TO CONTRIBUTE
FY NET PROFIT BEFORE AMORTIZATION AND ONE-OFF INCOME AND EXPENSES ATTRIBUTABLE TO SHAREHOLDERS IS EXPECTED TO INCREASE TO BETWEEN € 136 MILLION AND € 144 MILLION, COMPARED TO € 114.1 MILLION IN 2021
STRATEGICALLY IMPORTANT CAPEX PROGRAMS LAUNCHED TO INCREASE PRODUCTION CAPACITY, ESPECIALLY RELATED TO ENERGY TRANSITION
IN SMART CONNECTIVITY SYSTEMS, TURNOVER AND EBITA IN H2 2022 ARE EXPECTED TO BE COMPARABLE TO H1 2022
IN SMART MANUFACTURING SYSTEMS, TURNOVER AND EBITA IS EXPECTED TO BE LOWER IN H2 COMPARED TO H1 2022
MARKET DEMAND IS HIGH AND THE ORDER INTAKE IN H2 2022 IS EXPECTED TO CONTINUE AT A HIGH LEVEL WITH A VERY GOOD START IN Q3