TKH GROUP NV : Disappointing H1 2024 results and 2024 EBITA guidance
>Disappointing H1 results, mainly at the EBITA (margin) level - Although the results of TKH improved in Q2 2024 over Q1 2024, the overall H1 2024 results disappoint. Sales were in line but EBITA missed css by 5% with the EBITA margin coming in at 11.0% versus css at 11.7% (AOe 11.4%). Adjusted net profit came in at €45m which is a miss of 15%. Net debt came in lower than expected (€575m vs css €610m) but were higher than we had pencilled in (AOe €547m) as there was a ...TKH Group creates and supplies Telecom, Building and Industrial Solutions. Telecom Solutions develops, produces and supplies systems ranging from outdoor infrastructure for telecom and CATV networks through to indoor home networking applications. Building Solutions develops, produces and supplies solutions in the field of electro-technology ranging from applications within buildings through to technical systems that - combined with software - provide solutions for the care and security sectors. Industrial Solutions develops, produces and supplies solutions ranging from specialty cable, "plug and play" cable systems through to integrated systems for the production of car and truck tires.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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