Tcm Group As · OMXCOP:TCM
Tcm Group As — Q1 2026 Earnings Presentation
9 slides from Tcm Group As's earnings presentation, May 21, 2026
Slide 1: TCM Group A/S Roadshow January - March 2026
TCM Group A/S Roadshow January - March 2026 May 21, 2026
Slide 2: Business update Q1 2026
Business update Q1 2026 ❑ Year on year revenue growth of 17.6%, with an organic growth of 8.2%. ❑ Revenue in Q1 of DKK 362 million vs. DKK 308 million last year. ❑ Continued positive sales development in Norway, +9.3% in Q1 vs. last year ❑ Total order-intake up on Q1 2025 due to growth in B2c segmen
Slide 3: Q1: Financial highlights
Q1: Financial highlights 1 Revenue: 362 mDKK (308 mDKK) 2 Organic growth: 8.2% Adjusted EBITA: 26.1 mDKK 3 (19,6mDKK) 4 Adjusted EBITA-margin: 7.2% (6.4%) 5 NWC ratio: -1.9% (-0.3%) 6 Cash conversion: 106% (77%) 3
Slide 4: Revenue development
Revenue development Revenue development 400 350 300 250 mDKK 200 349 362 333 150 308 289 100 50 0 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q1 comments: ❑ Organic revenue increase of 8.2%. ❑ Revenue growth in Denmark of 20.0%.- organic +7,7% ❑ Revenue growth in Norway of 9.3%. ❑ Share of lower-margin third-part
Slide 5: Income statement highlights
Income statement highlights Gross margin EBITA and EBITA margin 28,0% EBITA (adjusted) EBITA Margin (adj) 26,0% 24,3% 35,0 12,0% 23,7% 24,0% 23,3% 30,0 10,0% 10,6% 21,1% 21,4% 10,3% 22,0% 25,0 8,0% 20,0% 20,0 mDKK 36,1 35,4 6,0% 6,6% 18,0% 15,0 6,4% 6,3% 26,1 4,0% 16,0% 10,0 19,6 19,1 14,0% 5,0 2,0%
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 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 450 10 400 5 8 7 350 0 -4 300 -5 250 mDKK -9 mDKK 200 417 -10 372 332 343 349 -15 150 100 -20 -26 50 -25 0 -30 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Comments: ❑ NWC ratio -1.9% (-0.3
Slide 7: Cash flow
Cash flow Free cash-flow 60 50 40 30 mDKK 48 20 32 10 7 4 0 -4 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 -10 Q1 comments: ❑ Free cash flow was DKK 48m compared to DKK -4m in Q1 LY. ❑ Capex ratio was 0.9% of revenue compared to 2.2% in Q1 LY. ❑ Cash conversion (LTM) of 106%. 7
Slide 8: Financial outlook 2026
Financial outlook 2026 Financial outlook: ❑ Net revenue: DKK 1,400-1,500 million ❑ Adjusted EBITA: DKK 120-140 million Revenue development Adjusted EBITA development Forward looking statements This presentation contains statements relating to the future, including statements regarding TCM Group’s fu
Slide 9: Q&A
Q&A