Financial developments Q3 2025
• Turnover of €419.4 million (+ 8.0% organically)
• Adjusted EBITA of €38.7 million (- 6.4% organically)
• ROS of 9.2% (Q3 2024: 10.7%)
• Added value at 50.2% (Q3 2024: 51.5%)
• Orderbook at €1,028 million (June 30, 2025: €1,080 million)
• Outlook reiterated: turnover and adjusted EBITA for H2 2025 expected to be substantially higher than H1 2025 and to be above H2 2024
Financial developments first nine months 2025
• Turnover of €1,277.5 million (+ 3.5% organically)
• Adjusted EBITA of €119.0 million (- 14.5% organically)
• ROS of 9.3%
Alexander van der Lof, CEO of TKH: "In September we presented our new strategy, focused on the transition towards asset light Automation activities. This increased focus will enable us to drive further growth and capture the opportunities in the market.
During the quarter under review, Smart Vision systems had a strong performance on the back of stronger market demand, with an organic growth of 11.4%, while turnover of Smart Manufacturing declined based on the lower order intake in previous quarters and a strong comparison base. We expect the order intake in Tire Building systems to improve over the coming quarters.
Within Electrification, we realised a 21.2% growth in turnover. This was driven by a strong increase in demand in the onshore energy segment and the contribution of the services activities in the offshore energy segment. The technical issues in the Eemshaven plant have been largely resolved. Output of offshore inter-array cables was limited in Q3 due to the focus on the release of new cable types and type approval tests, which were successfully completed. A new contract for the delivery of 140 km inter-array offshore cables for the Gennaker offshore windfarm was recently signed, and includes the engineering, manufacturing, testing, and delivery of the cables and corresponding accessories.
As we are entering our next strategic phase 'Capitalize & Execute 2028', we will continue our divestment program. The divestment of Dewetron, closed in October, brings the total turnover divested as of 2019 to €458 million. Over the coming period, we plan to divest a further €250 million in non-core turnover, including Digitalization. We will capitalize on our market leading positions and are fully committed towards the execution of our Capital Markets Day targets and actions."
Download full press release:
https://storage.tkhgroup.com/cms/assets/Press_Release_TKH_Market_Update_Q3_2025_Final_6227848c24.pdf
• Turnover of €419.4 million (+ 8.0% organically)
• Adjusted EBITA of €38.7 million (- 6.4% organically)
• ROS of 9.2% (Q3 2024: 10.7%)
• Added value at 50.2% (Q3 2024: 51.5%)
• Orderbook at €1,028 million (June 30, 2025: €1,080 million)
• Outlook reiterated: turnover and adjusted EBITA for H2 2025 expected to be substantially higher than H1 2025 and to be above H2 2024
Financial developments first nine months 2025
• Turnover of €1,277.5 million (+ 3.5% organically)
• Adjusted EBITA of €119.0 million (- 14.5% organically)
• ROS of 9.3%
Alexander van der Lof, CEO of TKH: "In September we presented our new strategy, focused on the transition towards asset light Automation activities. This increased focus will enable us to drive further growth and capture the opportunities in the market.
During the quarter under review, Smart Vision systems had a strong performance on the back of stronger market demand, with an organic growth of 11.4%, while turnover of Smart Manufacturing declined based on the lower order intake in previous quarters and a strong comparison base. We expect the order intake in Tire Building systems to improve over the coming quarters.
Within Electrification, we realised a 21.2% growth in turnover. This was driven by a strong increase in demand in the onshore energy segment and the contribution of the services activities in the offshore energy segment. The technical issues in the Eemshaven plant have been largely resolved. Output of offshore inter-array cables was limited in Q3 due to the focus on the release of new cable types and type approval tests, which were successfully completed. A new contract for the delivery of 140 km inter-array offshore cables for the Gennaker offshore windfarm was recently signed, and includes the engineering, manufacturing, testing, and delivery of the cables and corresponding accessories.
As we are entering our next strategic phase 'Capitalize & Execute 2028', we will continue our divestment program. The divestment of Dewetron, closed in October, brings the total turnover divested as of 2019 to €458 million. Over the coming period, we plan to divest a further €250 million in non-core turnover, including Digitalization. We will capitalize on our market leading positions and are fully committed towards the execution of our Capital Markets Day targets and actions."
Download full press release:
https://storage.tkhgroup.com/cms/assets/Press_Release_TKH_Market_Update_Q3_2025_Final_6227848c24.pdf
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