Today, TKH Group N.V. (TKH), a leading technology company focused on advanced innovative technology systems in high-growth markets, publishes its market update for the first quarter of 2022.

Financial developments in the first quarter of 2022

Further strong increase in turnover and results compared to previous quarters.
Turnover in Q1 2022 increased by 31.3% to € 436.7 million (Q1 2021: € 332.7 million) of which 28.3% is organic. All segments contributed to this significant turnover growth, with an especially strong recovery in Smart Manufacturing systems. Impact of supply-chain challenges continued to be limited.
Significant increase of EBITA to a record level of € 58.5 million (Q1 2021: € 31.9 million).
ROS improved to 13.4% (Q1 2021: 9.6%).
Order book remained at a high level and even increased slightly from year-end 2021.

Alexander van der Lof, CEO of TKH: “Today we publish strong results, showing an excellent start of 2022. At the same time, circumstances for our employees in Ukraine continue to be difficult and we support them where we can. Our Ukrainian factory remains undamaged and we are preparing to restart production at this facility in the next few days, assuming this proves to be safe.



Our turnover in the first quarter of 2022 was at a record high, benefiting from strong order intake in 2021, showing our strong positioning amidst the current megatrends. So far, we have managed the supply-chain challenges well, and recent lockdowns in Asia only had a limited effect on TKH’s activities. Although some activities may experience more effects in the period to come, we expect it to be temporary and balance out throughout the year. The demand for our technologies remains high, resulting in a further increase of our order book on March 31, 2022. With our increased focus and the investments planned, we can take full advantage of the further market growth we expect for our technologies and drive economies of scale, leading to a ROS of over 17% in the medium term.”
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