TCM Group A/S: TCM GROUP A/S revise full-year financial guidance for 2023.
May 16 2023 - 12:13PM
TCM Group A/S: TCM GROUP A/S revise full-year financial guidance
for 2023.
COMPANY ANNOUNCEMENT
No. 165/2023
Tvis, 16 May
2023
TCM GROUP A/S
revise full-year financial guidance for
2023.
TCM Group revise the full year financial guidance for 2023
issued on 23 February 2023:
Adjusted outlook for 2023:
We reiterate our full year revenue guidance, but we revise our
adjusted EBIT-guidance: Full year revenue is still expected to be
in the range DKK 950-1,050 million (unchanged), while we now expect
an adjusted EBIT in the range DKK 60-90 million (previously DKK
70-100 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.
- 165. Revised full-year financial guidance 2023
Tcm Group A/s (LSE:0CUN)
Historical Stock Chart
From Apr 2024 to May 2024
Tcm Group A/s (LSE:0CUN)
Historical Stock Chart
From May 2023 to May 2024