TKH GROUP NV : Preview 1H 2021: Full year guidance focal point
>1H 2021 results to be in line with guidance - TKH will report 1H 2021 results on August 17. In an update in May, TKH indicated that due to robust order intake and therefor higher expected sales and thus better fixed cost absorption, the 1H21 results were like to exceed those of 1H 2020, despite a decline in Tyre manufacturing. We forecast an organic sales decline of 2.0% in 1H21 (1Q21 -4.7%) resulting in sales of €655m. EBITAe is expected to come in at €70.0m (vs €69...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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