Financial highlights second half 2021

Order intake in Q4 of € 512 million (Q4 2020: € 370 million) – Growth achieved in all segments.
Turnover in H2 2021 increased by 30.7% to € 797.9 million, organic 27.5%.
EBITA before one-off income and expenses increased by 58.1% to € 105.2 million, driven by higher turnover and cost efficiencies.
ROS increases to 13.2% (H2 2020: 10.9%).
Net profit before amortization and one-off income and expenses attributable to shareholders improved by 87.6% to € 64.5 million.
Cash flow from operating activities was € 109.7 million (H2 2020: € 150.1 million and H1 2021: € 89.3 million) - driven by working capital improvement Q4.

Financial highlights 2021

Order book increased by 74.3% (€ 318.2 million) to € 746.6 million per year-end as a result of record high order intake of € 1,842 million (2020: € 1,294 million).
Turnover up 18.2% at € 1,523.8 million, organic growth 15.9%.
EBITA before one-off income and expenses 39.9% higher at € 189.6 million – Strong increase in all segments.
ROS up to 12.4% (2020: 10.5%).
Net profit before amortization and one-off income and expenses attributable to shareholders increased by 62.0% to € 113.9 million – Above the previously communicated bandwidth (€ 106 - € 112 million).
Strong financial position at year-end – Net debt / EBITDA ratio 0.9.
Dividend proposal: € 1.50 per (depositary receipt for) ordinary share (2020: € 1.00).

.

Strategic highlights 2021

Strong demand confirmed strength of innovative technology portfolio, leading to a sharp recovery in results.
Innovations at a high level with 19.8% turnover share.
Strongly positioned to benefit from growth opportunities related to megatrends, supporting future organic growth.
Launch of new program Accelerate 2025 with new ambitious growth targets.
New segmentation based on Smart Technologies leads to more transparency and a clear view on value creation potential.



Alexander van der Lof, CEO of technology company TKH: "As we publish our results today, we are proud to show such strong growth and a record high order intake of € 1,842 million. At the same time though, our thoughts go out to all people in Ukraine, and in particular our 128 employees and their families in the area of Kiev. We are deeply concerned about the war and we are monitoring the situation carefully. We will support them across our organization as much as possible in this difficult and uncertain time.

Looking back at 2021, the demand for all our technologies and innovations has strongly recovered. We have proven to possess the capabilities and entrepreneurship within our organization to cope with the exceptional increase in demand in a very short period, despite the supply-chain challenges, COVID-19 restrictions, and limits on the availability of workforce.

As a result of our Simplify & Accelerate program, TKH has transformed into a streamlined and focused technology company. This has led to a new segmentation based on our three Smart Technologies, making our performance more transparent. We launched the Accelerate 2025 program at the Capital Markets Day on 17 November with new targets for 2025, giving us a strong foundation for value creation in the coming years. In addition, we decided to increase our focus on, and commitment to, ESG and sustainability.

We are well-positioned to benefit strongly from megatrends like the energy transition, digitalization and industrial automation. To respond to the high market demand, we have decided to prepare for an expansion of our production capacity and additional capital investments in 2022 and 2023. Furthermore, by increasing our focus on Smart Technologies with more intelligent software, we can take advantage of the expected market growth and unlock the full potential of our disruptive technologies, leading to a ROS of over 17% over the medium term."

zie meer op
https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/a0a42ab5-3cb9-4912-84b7-3c6e47330d5c/smart-pr-754/220308%20TKH%20Press%20release%20-%20Annual%20results%202021%20-%20final.pdf