TKH GROUP NV : Adjusting estimates due to chip shortages and energy prices
>Lowering 2021 adjusted net profit estimate from €112m to €106m - Although there have been reassuring comments from TKH to investors in the September roadshow we hosted, we now assume that the Automotive hiccups will have an impact on the Industrial Solutions divisions (specialised cables, not on the tyre manufacturing activities). We now also assume that the chip shortages may have a modest indirect negative impact on the machine vision activities. As a result we low...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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