TCM Group A/S: TCM GROUP A/S revise full-year financial guidance for 2023.
19 Junio 2023 - 7:03AM
TCM Group A/S: TCM GROUP A/S revise full-year financial guidance
for 2023.
COMPANY ANNOUNCEMENT
No. 168/2023
Tvis, 19 June
2023
TCM GROUP A/S
revise full-year financial guidance for
2023.
Following the announcement of the acquisition of Aubo Production
A/S, TCM Group revise the full year financial guidance for 2023
issued on 16 May 2023:
Adjusted outlook for 2023:
As a result of the transaction the full year outlook for TCM
Group A/S is revised. Full year revenue is expected to be in the
range of DKK 1,050-1,175 million (previously DKK 950-1,050
million), and the guidance for the full year adjusted EBIT is now
expected to be in the range of DKK 68-102 million (previously DKK
60-90 million).
For further information please contact:
Torben Paulin, CEO, TCM Group A/S, +45 21 21 04 64Thomas
Hjannung, CFO, TCM Group A/S, +45 97 43 52 00IR Contact –
ir@tcmgroup.dk
About TCM Group
TCM Group is Scandinavia’s third largest
manufacturer of kitchens and furniture for bathrooms and storage.
The products are designed and produced in Denmark and rooted in a
proud tradition of good quality and good craftsmanship. TCM Group
pursues a multi-brand strategy, under which the main brand is Svane
Køkkenet and the other brands are Tvis Køkken and Nettoline.
Combined, the brands cater for the entire price spectrum, and are
sold through c. 140 dealers in Denmark and the rest of the
Scandinavia. TCM Group sells private label kitchens through DIY
stores in Denmark and independent kitchen stores in Norway. TCM
Group is supplier to the 45% owned e-commerce kitchen business
Celebert, which operates under the brands kitchn.dk,
billigskabe.dk, Celebert and Just Woods. See www.tcmgroup.dk for
more information.
- 168. Revised full-year financial guidance 2023
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