Reported Earnings • May 23
First quarter 2026 earnings released: EPS: kr.1.45 (vs kr.1.16 in 1Q 2025) First quarter 2026 results: EPS: kr.1.45 (up from kr.1.16 in 1Q 2025). Revenue: kr.362.4m (up 18% from 1Q 2025). Net income: kr.15.0m (up 24% from 1Q 2025). Profit margin: 4.1% (up from 3.9% in 1Q 2025). Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Annuncio • May 22
TCM Group A/S Maintains Earnings Guidance for the Full Year of 2026 TCM Group A/S maintained earnings guidance for the full year of 2026. For the year, the company expects revenue to be in the range of DKK 1,400 million to DKK 1,500 million . Declared Dividend • Apr 09
Dividend increased to kr.4.50 Dividend of kr.4.50 is 50% higher than last year. Ex-date: 10th April 2026 Payment date: 14th April 2026 Dividend yield will be 6.7%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is covered by earnings (60% earnings payout ratio) but not covered by cash flows (127% cash payout ratio). The dividend has decreased over the past 76 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 51% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Declared Dividend • Mar 18
Dividend increased to kr.4.50 Dividend of kr.4.50 is 50% higher than last year. Ex-date: 10th April 2026 Payment date: 14th April 2026 Dividend yield will be 6.8%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is covered by earnings (60% earnings payout ratio) but not covered by cash flows (127% cash payout ratio). The dividend has decreased over the past 76 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 51% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Declared Dividend • Mar 02
Dividend increased to kr.4.50 Dividend of kr.4.50 is 50% higher than last year. Ex-date: 10th April 2026 Payment date: 14th April 2026 Dividend yield will be 6.6%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (85% cash payout ratio). The dividend has decreased over the past 76 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 51% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 28
Full year 2025 earnings released: EPS: kr.7.51 (vs kr.5.52 in FY 2024) Full year 2025 results: EPS: kr.7.51 (up from kr.5.52 in FY 2024). Revenue: kr.1.28b (up 6.3% from FY 2024). Net income: kr.77.8m (up 35% from FY 2024). Profit margin: 6.1% (up from 4.8% in FY 2024). Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Annuncio • Feb 26
TCM Group A/S Proposes Ordinary Dividend for 2025 TCM Group A/S's board of directors will propose to the Annual General Meeting an ordinary dividend of DKK 4.50 per share for 2025. This corresponds to a total distribution of DKK 46 million, representing 60% of the net profit for 2025 and in line with the company’s dividend policy. Annuncio • Feb 25
TCM Group A/S Provides Earnings Guidance for 2026 TCM Group A/S provided earnings guidance for 2026. For the year, the company estimates revenue to be in the range DKK 1,400 - DKK 1,500 million. Annuncio • Jan 30
TCM Group A/S Announces CFO Changes TCM Group A/S announced that CFO Jan B. Madsen will step down from his position as CFO in TCM Group no later than July 31, 2026. The recruitment process for a new CFO will commence immediately. Hans Barslund has been appointed Interim CFO and will assume the role until a permanent CFO has been appointed. Reported Earnings • Nov 27
Third quarter 2025 earnings released: EPS: kr.0.93 (vs kr.0.84 in 3Q 2024) Third quarter 2025 results: EPS: kr.0.93 (up from kr.0.84 in 3Q 2024). Revenue: kr.288.9m (up 4.0% from 3Q 2024). Net income: kr.9.60m (up 9.1% from 3Q 2024). Profit margin: 3.3% (up from 3.2% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Annuncio • Aug 29
TCM Group A/S Announces CFO Changes TCM Group A/S appointed Jan Boendorf Madsen as Chief Financial Officer, effective 1 November 2025. Jan is a business-oriented CFO with a solid financial toolbox and broad leadership experience. He has held senior financial roles in several companies, including with the VKR Group, a leading Danish manufacturer in the window industry. Throughout his career, Jan has successfully combined strong financial management, supporting growth, operational efficiency, and strategic development. With his background, TCM Group will benefit from valuable expertise in industries with production complexities similar to the own. The current CFO, Thomas Hjannung, who resigned in May 2025, will remain with TCM Group during a short transition period in November to ensure a smooth handover. Annuncio • Jun 03
Thomas Hjannung to Step Down as CFO of TCM Group A/S, no Later Than November 30, 2025 TCM Group A/S announced that Thomas Hjannung has decided to step down as CFO in TCM Group to pursue new opportunities outside TCM Group and the kitchen industry. Thomas will step down as CFO no later than November 30, 2025, or when a successor has been appointed, and he will assist in ensuring a smooth transition to his successor. Annuncio • Apr 03
TCM Group A/S announces Annual dividend, payable on April 14, 2025 TCM Group A/S announced Annual dividend of DKK 3.0000 per share payable on April 14, 2025, ex-date on April 10, 2025 and record date on April 11, 2025. New Risk • Mar 03
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 4.0% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Feb 27
Full year 2024 earnings released: EPS: kr.5.52 (vs kr.2.20 in FY 2023) Full year 2024 results: EPS: kr.5.52 (up from kr.2.20 in FY 2023). Revenue: kr.1.20b (up 8.3% from FY 2023). Net income: kr.57.7m (up 168% from FY 2023). Profit margin: 4.8% (up from 1.9% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Annuncio • Feb 27
TCM Group A/S, Annual General Meeting, Apr 09, 2026 TCM Group A/S, Annual General Meeting, Apr 09, 2026. Reported Earnings • Nov 26
Third quarter 2024 earnings released: EPS: kr.0.84 (vs kr.0.16 loss in 3Q 2023) Third quarter 2024 results: EPS: kr.0.84 (up from kr.0.16 loss in 3Q 2023). Revenue: kr.277.7m (up 7.8% from 3Q 2023). Net income: kr.8.80m (up kr.10.5m from 3Q 2023). Profit margin: 3.2% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Annuncio • Nov 22
TCM Group A/S Revises Earnings Guidance for the Year 2024 TCM Group A/S revised earnings guidance for the year 2024. For the year, revenue to be in the range of DKK 1,150 million to DKK 1,200 million (previously DKK 1,125 million to DKK 1,200 million). Annuncio • Aug 16
TCM Group A/S Revises Earnings Guidance for the Year 2024 TCM Group A/S revised earnings guidance for the year 2024. For the year, the company expects revenue of DKK 1,125 million to DKK 1,200 million compared to previously guidance of DKK 1,000 million to DKK 1,150 million. Annuncio • May 18
TCM Group A/S Reiterates Earnings Guidance for Full Year 2024 TCM Group A/S reiterated earnings guidance for full year 2024. For the year, company expects revenue is in the range of DKK 1,000 million to DKK 1,150 million. Annuncio • Apr 12
TCM Group A/S Elects Björn Olsson Lissner to the Board of Directors TCM Group A/S announced that the Annual General Meeting was held 11 April 2024, Björn Olsson Lissner was elected to the Board of Directors. Annuncio • Mar 21
TCM Group A/S Announces That Sanna Suvanto-Harsaae Does Not Seek Re-Election as Chairman and Member of Board of Directors TCM Group A/S announced that Chairman of the company, Sanna Suvanto-Harsaae, has informed the Board of Directors that she does not seek re-election at the annual general meeting on 11 April 2024. Sanna Suvanto-Harsaae has been chairman for eight years, during which time the company has developed significantly through, amongst others, the IPO in 2017 and several acquisitions. The Board of Directors will constitute itself following the annual general meeting. The Board of Directors expects to appoint the current vice-chair since 2018, Anders Skole-Sørensen, as chairman. Reported Earnings • Nov 18
Third quarter 2023 earnings released: kr.0.16 loss per share (vs kr.1.07 profit in 3Q 2022) Third quarter 2023 results: kr.0.16 loss per share (down from kr.1.07 profit in 3Q 2022). Revenue: kr.257.6m (down 2.8% from 3Q 2022). Net loss: kr.1.70m (down 118% from profit in 3Q 2022). Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Consumer Durables industry in the United Kingdom. Annuncio • Nov 17
TCM Group A/S Reaffirms Earnings Guidance for the Year 2023 TCM Group A/S reaffirmed earnings guidance for the year 2023. For the year, the company expects revenue of DKK 1,040– DKK 1,090 million. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to kr.38.80, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 11x in the Consumer Durables industry in the United Kingdom. Total loss to shareholders of 46% over the past year. Annuncio • Oct 19
TCM Group A/S Provides Earnings Guidance for the Year 2023 TCM Group A/S provided earnings guidance for the year 2023. For the period, the company expects revenue of DKK 1,040 million- DKK 1,090 million (previously DKK 1,050 million-DKK 1,125 million). Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to kr.51.60, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Consumer Durables industry in the United Kingdom. Annuncio • Aug 18
TCM Group A/S Revises Earnings Guidance for the Year 2023 TCM Group A/S revised earnings guidance for the year 2023. The company expects revenue guidance in the range DKK 1,050 million - DKK 1,125 million (previously DKK 1,050 million - DKK 1,175 million). Annuncio • Jun 27
TCM Group A/S has completed a Follow-on Equity Offering in the amount of DKK 78.781526 million. TCM Group A/S has completed a Follow-on Equity Offering in the amount of DKK 78.781526 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 1,221,419
Price\Range: DKK 64.5
Transaction Features: Subsequent Direct Listing Annuncio • May 17
Tcm Group A/S Reiterates Full Year Revenue Guidance for the Financial Year 2023 TCM Group A/S reiterated full year revenue guidance for the financial year 2023. Full-year guidance for the financial year 2023 is revenue in the range DKK 950-1,050 million. Reported Earnings • Feb 27
Full year 2022 earnings released: EPS: kr.7.77 (vs kr.11.55 in FY 2021) Full year 2022 results: EPS: kr.7.77 (down from kr.11.55 in FY 2021). Revenue: kr.1.15b (up 3.4% from FY 2021). Net income: kr.70.5m (down 36% from FY 2021). Profit margin: 6.2% (down from 10.0% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 2.6% p.a. on average during the next 3 years compared to a 1.5% decline forecast for the Consumer Durables industry in the United Kingdom. Annuncio • Jan 31
TCM Group A/S Announces CFO Changes TCM Group A/S has appointed Thomas Hjannung as CFO from 1 March 2023. Thomas Hjannung is a business-oriented CFO with a solid financial toolbox and experience from larger Danish manufacturing companies such as Faerch Group, ECCO and Bang & Olufsen. With the onboarding of Thomas Hjannung, TCM Group will benefit from Thomas’ experience from both manufacturing and retail companies in the future development of TCM Group. The company's current CFO Mogens Elbrønd Pedersen will stay onboard for a short transition period during March to ensure a smooth handover to Thomas Hjannung. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: kr.3.55 (vs kr.4.04 in 3Q 2021) Third quarter 2022 results: EPS: kr.3.55 (down from kr.4.04 in 3Q 2021). Revenue: kr.265.0m (up 1.0% from 3Q 2021). Net income: kr.9.70m (down 75% from 3Q 2021). Profit margin: 3.7% (down from 14% in 3Q 2021). Revenue is forecast to decline by 6.7% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in the United Kingdom are expected to remain flat. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 19% share price decline to kr.66.80, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Consumer Durables industry in the United Kingdom. Total loss to shareholders of 53% over the past year. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment deteriorated over the past week After last week's 23% share price decline to kr.77.90, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Consumer Durables industry in the United Kingdom. Total loss to shareholders of 26% over the past three years. Reported Earnings • May 20
First quarter 2022 earnings released: EPS: kr.1.83 (vs kr.2.47 in 1Q 2021) First quarter 2022 results: EPS: kr.1.83 (down from kr.2.47 in 1Q 2021). Revenue: kr.281.4m (flat on 1Q 2021). Net income: kr.16.6m (down 33% from 1Q 2021). Profit margin: 5.9% (down from 8.8% in 1Q 2021). Over the next year, revenue is forecast to grow 4.6%, compared to a 10% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 5% per year. Board Change • May 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director Danny Espersen was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment deteriorated over the past week After last week's 20% share price decline to kr.105, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Consumer Durables industry in the United Kingdom. Total returns to shareholders of 11% over the past three years. Upcoming Dividend • Mar 30
Upcoming dividend of kr.6.00 per share Eligible shareholders must have bought the stock before 06 April 2022. Payment date: 08 April 2022. Payout ratio is a comfortable 52% but the company is paying out more than the cash it is generating. Trailing yield: 4.8%. Within top quartile of British dividend payers (4.6%). Lower than average of industry peers (6.8%). Reported Earnings • Mar 18
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: kr.11.55 (up from kr.10.22 in FY 2020). Revenue: kr.1.11b (up 8.2% from FY 2020). Net income: kr.110.7m (up 8.3% from FY 2020). Profit margin: 10.0% (in line with FY 2020). Revenue exceeded analyst estimates by 7.2%. Over the next year, revenue is forecast to grow 2.8%, compared to a 9.7% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 5% per year. Reported Earnings • Nov 13
Third quarter 2021 earnings released: EPS kr.4.04 (vs kr.2.44 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr.262.4m (up 6.1% from 3Q 2020). Net income: kr.38.0m (up 56% from 3Q 2020). Profit margin: 14% (up from 9.9% in 3Q 2020). Reported Earnings • Aug 21
Second quarter 2021 earnings released: EPS kr.3.28 (vs kr.3.01 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: kr.290.7m (up 12% from 2Q 2020). Net income: kr.31.9m (up 6.0% from 2Q 2020). Profit margin: 11% (in line with 2Q 2020). Annuncio • May 19
TCM Group A/S Reiterates Earnings Guidance for the Full Year of 2021 TCM Group A/S reiterated earnings guidance for the full year of 2021. The company expects revenue in the range of DKK 1,040-1,100 million. Annuncio • Apr 15
TCM Group Declares Extra Dividend TCM Group has adopted shareholder distributions of extra dividend of DKK 7.50 per share at its Annual General Meeting on 13 April 2021. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improved over the past week After last week's 24% share price gain to kr.172, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Consumer Durables industry in the United Kingdom. Total returns to shareholders of 87% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr.225 per share.