TCM Group A/S: TCM GROUP A/S revise full-year financial guidance for 2023
August 17 2023 - 12:27PM
TCM Group A/S: TCM GROUP A/S revise full-year financial guidance
for 2023
COMPANY ANNOUNCEMENT
No. 178/2023
Tvis, 17 August
2023
TCM GROUP A/S
revise full-year financial guidance for
2023.
Reflecting on both the information gained from
the results for the first half of 2023 and the continued high
degree of uncertainty characterising the current market conditions
we adjust our financial outlook for the 2023 as follows: a full
year revenue guidance in the range DKK 1,050-1,125 million
(previously DKK 1,050-1,175 million), and an adjusted EBIT in the
range DKK 68-90 million (previously DKK 68-102 million). The
financial outlook includes figures for Aubo Production A/S as from
3 July 2023.
For further information please contact:
Torben Paulin, CEO, TCM Group A/S, +45 21 21 04 64Thomas
Hjannung, CFO, TCM Group A/S, +45 25 17 42 33IR 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, Nettoline and AUBO.
Combined, the brands cater for the entire price spectrum, and are
sold through c. 220 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 Wood. See www.tcmgroup.dk for
more information.
- 178. Revised full-year financial guidance 2023
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