TKH Group NV Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016; Reiterates Earnings Guidance for the Full Year 2016
November 02, 2016
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TKH Group NV announced earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported turnover of EUR 328.6 million compared with EUR 340.4 million for the same period a year ago. EBITA was EUR 35.5 million compared with EUR 37.8 million for the same period a year ago. Net profit before amortization, attributable to shareholders was EUR 22.5 million compared with EUR 25 million for the same period a year ago.
For the nine months, the company reported turnover of EUR 978.7 million compared with EUR 1,030.4 million for the same period a year ago. EBITA was EUR 100.3 million compared with EUR 111.6 million for the same period a year ago. Net profit before amortization, attributable to shareholders was EUR 63.5 million compared with EUR 72 million for the same period a year ago. Net bank debt calculated in accordance with the bank covenants had increased to EUR 207.9 million on 30 September 2016, up EUR 0.8 million when compared to 30 June 2016.
The company reiterates its forecast that, barring unforeseen circumstances, net profit before amortization and one-off income and expenses, attributable to shareholders, for the full year 2016 will be within the previously outlined range of between EUR 88 million and EUR 93 million (2015: EUR 99.9 million).
TKH Group N.V. (TKH) is focused on high-end innovative technologies in high growth markets. Automation, digitalization, and electrification are the key drivers for the group's innovations.
Through a combination of technologies, TKH offers superior solutions that support to increase the efficiency, safety and security of its customers. The technologies are offered together with software to create smart technologies and one-stop-shop solutions with plug-and-play integrated systems for smart connectivity (42.7% of net sales; energy connectivity and fibre optic connectivity systems for data and communication networks), smart manufacturing (30.6%) and smart vision (26.7%; machine vision and security vision systems).
Net sales are distributed geographically as follows: the Netherlands (24.6%), Europe (38.8%), Asia (19.1%), North America (13%) and other (4.5%).
TKH Group NV Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016; Reiterates Earnings Guidance for the Full Year 2016