TKH Group N.V.

TWEKA

Equity

ISIN NL0000852523 / Valor 3074746

Euronext - Euronext Amsterdam (2025-12-23)

EUR 36.54-0.11%

TKH Group N.V.
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About company

TKH Group N.V. is a technology company that designs and implements integrated systems for energy distribution, fiber optic connectivity, and specialized cable solutions tailored to high-tech industrial environments. The company develops customized machine vision systems combining hardware and software to enhance operational efficiency, detect errors, and monitor quality. Additionally, TKH Group offers security vision systems integrated with advanced communication technologies to support the monitoring and management of urban infrastructure and environments. By focusing on automation, digitalization, and electrification, TKH Group provides customer-centered technological solutions aimed at addressing various operational challenges.

Summarized from source with an LLMView SourceSector: Technology

Q4 2024 headline

Turnover in Q4 2024 rose organically 4.7% to €452.2m; EBITA excluding one-offs increased 5.1% organically to €66.0m and quarterly ROS was strong at 14.6%.

Full‑year 2024 key figures

FY turnover was €1,712.7m (organic -1.2%), EBITA excluding one-offs €203.9m (organic -7.5%), ROS 11.9%, and adjusted net profit €98.9m.

Order intake and backlog

Order intake for 2024 was €1,911.4m, producing a record year‑end order book of €1,135.0m (notably Smart Connectivity order book €493.6m driven by inter‑array cable contracts).

Segment performance

Smart Vision: Q4 record results and order book growth; FY turnover slightly down but added value rose. Smart Manufacturing: strong FY revenue and margin expansion (ROS 19.1%), supported by tire systems. Smart Connectivity: FY turnover down materially (-21.1%) with margin pressure from low volumes and start‑up/ramp‑up costs despite a large order book for inter‑array cables.

Investments, factories and ramp‑up

TKH completed its €200m strategic investment program in 2024; serial production at the new Eemshaven inter‑array cable plant is expected to start shortly after resolving critical production bottlenecks.

Cash, debt and solvency

Net bank debt (per covenants) was €496.0m at year‑end 2024, net debt/EBITDA 2.0 (within covenant limits), with cash flow from operations improving to €196.2m and solvency ~39.9%.

ESG and innovation

Progress on sustainability: scope 1 & 2 carbon footprint down 70.3% vs. 2019 (excl. offsets); turnover related to SDGs 71.6%; innovation-derived turnover 17.6% of sales.

Dividend, capital allocation and strategy

A €1.50 cash dividend for 2024 is proposed (payable 23 May 2025). TKH signals a strategic shift to focus on Automation and Electrification, plans selective divestments of non‑core assets, and will host a Capital Markets Day on 25 Sept 2025.

Outlook for 2025

TKH expects organic growth in turnover and EBITA (ex‑one‑offs) for 2025 overall, but warns of a weak Q1 driven by seasonality, the Eemshaven ramp‑up and continued weakness in fibre markets; more detailed guidance will follow in August 2025.

Summarized from source with an LLMView Source

Key figures

10.1%1Y

-2.92%3Y

-7.49%5Y

Performance

24.4%1Y

25.7%3Y

27.6%5Y

Volatility