Q2 2025 TKH Group NV Earnings Call Transcript
Key Points
- TKH Group NV (FRA:TWSA) reported a 12.4% organic turnover increase in the smart vision segment, showcasing strong performance.
- The company achieved a 35.4% adjusted EBITA in the smart vision segment, indicating robust profitability.
- There was a successful divestment of Daron, resulting in a one-off profit of 36 million, expected to be realized in Q3.
- The company is optimistic about the order intake for Q3, particularly in smart manufacturing and smart connectivity, with a positive outlook for 2026.
- TKH Group NV (FRA:TWSA) is making progress on its strategic agenda, focusing on automation and electrification, and preparing for the capital markets day.
- EBITA was down by 27.8% in the first half, primarily due to challenges in the smart connectivity systems segment.
- The company faced production issues in the Ames Haven plant, leading to a low output and impacting overall performance.
- Working capital as a percentage of sales increased to 19.8%, which is higher than the company's target range.
- The digitalization segment experienced a difficult market situation, with high costs and negative profitability in the first half.
- The smart manufacturing segment saw a drop in results by almost 20%, attributed to lower order intake and geopolitical uncertainties.
Good morning to everyone, especially, the participants here in Amsterdam in the Crowne Plaza Hotel and also everyone in the webcast, participating for our presentation of the first half year results. I start with the, cautionary note regarding the, forward-looking statements, I'd like to point out to you to, carefully read what was in the, in this note.
The next slide is about the highlights of the 2nd quarter and of course, the first half year.
The first half year, was, not easy, especially not in the, second quarter, with a, EBITA down with, 27.8%, and especially due to a weak development in the smart connectivity systems and, within smart connectivity. We saw a big impact of the completion of the, launching, project, for the interray cables, in Ames Harbor.
We had a good start in the, first, weeks of, Q2 in April with, realizing the first long lengths in Ames Haven, but after that, we had, continued difficulties. In meeting the requirements for the launching project and
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