Tcm Group As · OMXCOP:TCM

Tcm Group As — Q3 2025 Earnings Presentation

10 slides from Tcm Group As's earnings presentation, Nov 25, 2025

  1. Slide 1: TCM Group A/S Roadshow Q3 2025

    TCM Group A/S Roadshow Q3 2025 November 25, 2025

  2. Slide 2: Business update Q3 2025

    Business update Q3 2025  Year on year revenue growth of 4.1%, with an organic growth of 2.7%.  Revenue in Q3 of DKK 289 million vs. DKK 278 million last year.  Continued positive sales development in Norway, +7.0% in Q3 vs. last year  Order intake developed positively in the B2C and B2B segment

  3. Slide 3: Q3: Financial highlights

    Q3: Financial highlights 1 Revenue: 289 mDKK (278 mDKK) 2 Organic growth: 2.7% 3 Adjusted EBIT: 17 mDKK (17 mDKK) 4 Adjusted EBIT-margin: 5.8 % (6.0%) 5 NWC ratio: 0.6% (0.0%) 6 Cash conversion: 75.0% (119.1%) 3

  4. Slide 4: Revenue development

    Revenue development Revenue development 400 Core Third-party 400 350 350 300 23% 300 29% 250 250 26% 24% 24% mDKK mDKK 200 200 349 150 301 308 289 150 278 77% 74% 71% 76% 100 100 76% 50 50 0 0 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q3 comments:  Organic revenue increase of 2.7%

  5. Slide 5: Income statement highlights

    Income statement highlights Gross margin EBIT and EBIT margin 23,7% 24,0% 35,0 12,0% 22,5% 22,0% 21,1% 21,4% 30,0 10,0% 20,3% 9,9% 9,6% 20,0% 25,0 8,0% 18,0% 20,0 mDKK 33,6 6,0% 16,0% 15,0 6,0% 29,8 5,6% 5,8% 4,0% 14,0% 10,0 16,7 17,1 16,6 12,0% 5,0 2,0% 10,0% 0,0 0,0% Q3 24 Q4 24 Q1 25 Q2 25 Q3 25

  6. Slide 6: Net working capital and Net-interest bearing debt

    Net working capital and Net-interest bearing debt Net working capital Net interest-bearing debt Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 360 10 350 8 5 340 0 330 mDKK 1 -4 mDKK -5 320 349 -9 343 310 329 332 -10 316 -14 300 -15 290 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 -20 Comments:  NWC ratio 0.6% (0.0%)  Increase i

  7. Slide 7: Cash flow

    Cash flow Free cash-flow 35 30 25 20 32 15 mDKK 10 15 5 6 4 0 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 -5 -4 -10 Q3 comments:  Free cash flow was DKK 4m compared to DKK 6m in Q3 LY.  Capex ratio was 1.1% of revenue compared to 0.6% in Q3 LY.  Cash conversion (LTM) of 75%. 7

  8. Slide 8: Acquisition of remaining stake in Celebert ApS

    Acquisition of remaining stake in Celebert ApS • In 2021 TCM Group merged its online activities in kitchn.dk with Celebert ApS. • At the same time TCM Group acquired a 45% stake in Celebert ApS. • The majority shareholder has decided to exercise his put-option for the 55% stake in Celebert ApS. • Ce

  9. Slide 9: Financial outlook 2025

    Financial outlook 2025 Financial outlook:  Net revenue: DKK 1,260-1,280 million (previously DKK 1,250-1,300 million)  Adjusted EBIT: DKK 93-100 million (previously DKK 90-110 million)  On 19 November, the Danish competition authorities approved the Celebert transaction, and we expect it to close

  10. Slide 10: Q&A

    Q&A

TCM Group — Q3 2025 Earnings Presentation on 6ix