TKH, 18% organic turnover growth and 24% growth in EBITA

Alleen voor leden beschikbaar, wordt daarom gratis lid!

Overig advies 07/03/2023 08:13
Record year driven by automation, digitalization, and electrification

Financial highlights 2022

Record order intake of € 2,042 million (2021: € 1,842 million), resulting in all-time high order book of € 971.9 million (December 31, 2021: € 746.6 million).

Turnover increased by 19.2% to € 1,816.6 million (2021: € 1,523.8 million). Adjusted for currency effects, turnover increased 18.0% organically, with price effects accounting for 7.6%.

EBITA before one-off income and expenses € 234.8 million up 23.9% (2021: € 189.6 million), with Smart Vision systems being the largest contributor to EBITA.

Net profit before amortization and one-off income and expenses increased by 26.1% to € 143.6 million (2021: € 113.9 million); at upper end of communicated outlook (€ 136 - € 144 million).

Increase in ROS to 12.9% (2021: 12.4%).

Full-year dividend proposal: € 1.65 (per depositary receipt for) ordinary share (2021: € 1.50), a pay-out of 49.4% of net profit.

Financial highlights second half 2022

Order intake increased by 20.0% to € 1,086.0 million (H2 2021: € 905.0 million).

Turnover increased by 14.9% to € 916.9 million (H2 2021: € 797.9 million).

EBITA before one-off income increased by 13.4% to € 119.2 million (H2 2021: € 105.2 million).

ROS 13.0% (H2 2021: 13.2%), with ROS reaching 13.7% in the fourth quarter.

Strategic highlights 2022

High innovative power, with innovations contributing 20.6% of turnover.

Accelerate 2025 strategy program with focus on automation, digitalization, and electrification contributed to strong growth performance.

Strategic Investment Program of approximately € 200 million initiated, of which € 150 million is related to support growth for new electrification initiatives.

ESG progress supported by high-priority investments to reduce the CO2

Execution of divestment program on track, closing divestment of CCG completed.

Share buyback of € 25 million initiated based on our strong financial foundation.

Alexander van der Lof, CEO of technology company TKH: “We were able to deliver excellent results in 2022, with turnover growing by 18.0% organically and EBITA growing by 23.9%. All segments contributed to these strong results. We are excited to see how the execution of our Accelerate 2025 strategy program is progressing.

Our strong high-end technologies and our focus on three important megatrends – automation, digitalization, and electrification – have created a strong foundation for growth. The order intake during 2022 reached record levels across all segments and the fourth quarter in particular. Worth noting is the all-time high intake of € 695 million achieved in Smart Manufacturing systems, mainly driven by Tire Building systems.

TKH’s transformation over the past decade is paying off. The Simplify and Accelerate program launched in 2019 has enabled us to divest cyclical businesses and focus investment on businesses with high-growth prospects.

In 2022, we introduced a substantial Strategic Investment Program of which the main part is geared towards electrification. This will further support our organic growth and provide our customers with the necessary capacity, enabling them to realize their goals. During the year, we continued to prioritize investments to meet our ESG targets and made particularly good progress in reducing our carbon footprint. Supply-chain constraints required close cooperation with our suppliers and creativity of our procurement teams to find solutions to material and component shortages. The right entrepreneurial spirit within our organization to cope with these challenges was again a key success factor in the results we achieved in 2022.

A special word for our team in Ukraine, who managed to work under exceptionally difficult circumstances. We have great respect for how they are coping with the challenges in their daily lives.

We look to the future with confidence, as we have a record order book, a strong foundation with our Accelerate 2025 strategy program, and an entrepreneurial workforce of more than 6,600 people around the world, who, together with our customers, are looking for ways to drive growth by bringing further innovations to the markets in which we operate. Based on our confidence in the future and our strong financial foundation we have decided to initiate a share buyback program of € 25 million.”

lees meer op

Beperkte weergave !
Leden hebben toegang tot meer informatie! Omdat u nog geen lid bent of niet staat ingelogd, ziet u nu een beperktere pagina. Wordt daarom GRATIS Lid of login met uw wachtwoord

Copyrights © 2000 by all rights reserved
Niets mag zonder toestemming van de redactie worden gekopieerd, linken naar deze pagina is wel toegestaan.