Positive outlook supported by strong order book
Today, TKH Group N.V. (TKH), a leading technology company focused on advanced innovative technology systems in high-growth markets, publishes its interim results 2022.

Highlights second quarter 2022

All technology segments contributed to strong turnover growth (+17.8%).
EBITA before one-off income grew to € 57.1 million (+8.7%), despite shortages of components and new lock downs in China.
EBITA increased to € 66.4 million (+26.5%), including one-off income of € 9.3 million from divestments.

Financial highlights first half 2022

Strong turnover growth to € 899.7 million (+24.0%), with organic growth at 15.7%.
EBITA before one-off income and expenses increased 37.0% to record level of € 115.6 million.
ROS improved to 12.8% (H1 2021: 11.6%), despite negative impact from shortages in components and price increases of components and raw materials.
Net profit before amortization and one-off income and expenses attributable to shareholders increased significantly by 42.7% to € 70.5 million.
Order book shows a solid increase to € 803 million as at June 30, 2022 (+7.5%), compared to year-end 2021.

Strategic highlights first half 2022

Strength of innovative technology portfolio (with share of innovations at 18.7%) drove strong demand resulting in solid turnover growth in all technology segments.
External environment:
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.
Strategically important capex programs launched to increase production capacity, especially related to energy transition.
Factory in Ukraine restarted production in April; now running again at full capacity.
Divestment program progress: properties held for sale divested in H1.

Outlook

Strong demand and orderbook give TKH a positive outlook for the second half of 2022.
Current geopolitical uncertainties, combined with challenges in the supply chain, are expected to persist.
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.

Alexander van der Lof, CEO of technology company TKH: “In executing our strategy, we continue to strengthen our positioning amid current megatrends. The demand for our technologies continues to grow, leading to a record high turnover as well as result in the first half of 2022. Demand remained high and further boosted our order book, with a positive outlook for the order intake in the second half of this year.

So far, we have managed supply-chain challenges well, even though we did see a negative impact on our turnover and result and we expect this to sharpen in the second half of the year. This particularly applies to Smart Manufacturing systems, where we expect it to affect the completion of projects in the coming six months.

The execution of our Accelerate 2025 program is well on track and our capex program is in full execution. We are targeting additional production capacity in Smart Connectivity systems and Smart Manufacturing systems to become operational in the second half of 2023 to respond to the increased market demand for our technologies. With these investments, we are well positioned to benefit from and to contribute to the megatrends like the energy transition, digitalization, and automation.”