TKH GROUP NV : CMD feedback: sensible new reporting structure, SBBs likely, upped targets but main EBITA improvement to be back end loaded
>New targets: Shows confidence, improvements will be back-end loaded - TKH has, for the first time in its history, introduced a revenue target, which is at least €2bn in 2025, including M&A. Introducing such a target is a clear sign of evidence because if we strip out the targeted acquisitions (€100m-150m, €50-100m incremental to 2019 target) and divestments (€150-200m, €100m-€150m incremental to 2019 target), this implies an 2021-2025 sales CAGR of 8.7%. That is in l...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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