TKH GROUP NV : Q4/2023 results fine but net debt a clear miss. Guidance may disappoint
>Better than expected sales and EBITA in Q4 and 2023, net debt disappoints - TKH reported better than expected 2023 results. Q4 2023 sales beat css by 3%, leading to an in line 2023 sales level. EBITA in Q4 beat by 13% resulting in the full year EBITA beating css by 3% and this implied a 14.3% EBITA margin in Q4 versus 13.1% expected. Total EBITA for 2023 came in at €237m, which is at the higher end of the guided for range of €230m-240m) while TKH guided for the lower...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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