Tcm Group As · OMXCOP:TCM

Tcm Group As — Q4 2024 Earnings Presentation

11 slides from Tcm Group As's earnings presentation, Feb 26, 2025

  1. Slide 1: TCM Group A/S – Roadshow Q4 Interim Report October - December 2024

    TCM Group A/S – Roadshow Q4 Interim Report October - December 2024 February 26, 2025

  2. Slide 2: Business update Q4 2024

    Business update Q4 2024  Modest organic revenue decline of 2%, despite significant contraction in the B2B project market.  B2C sales growth of more than 5% in the quarter.  Revenue in Q4 of DKK 301 million vs. DKK 306 million last year.  Total order-intake up on Q4 2023 due to momentum in B2C. 

  3. Slide 3: Q4: Modest revenue decline, improved earnings

    Q4: Modest revenue decline, improved earnings 1 Revenue: 301 mDKK (306 mDKK) 2 Organic growth: -2% YoY 3 Adjusted EBIT: 30 mDKK (18 mDKK) 4 Adjusted EBIT-margin: 9.9 % (5.8%) 5 NWC ratio: -1.2% (-1.2%) 6 Cash conversion: 84.3% (34.2%) 3

  4. Slide 4: Revenue development

    Revenue development Revenue development Q4 comments: Full year comments:  Organic revenue decrease of 1.6%.  Full year revenue of DKK 1,204 million (+11%)  Organic revenue growth in Denmark of 1.1%.  Organic revenue decrease of 0.5%.  Revenue in Norway decreased by 10.7%  Organic revenue growt

  5. Slide 5: Income statement highlights

    Income statement highlights Gross margin EBIT and EBIT margin Q4 comments: Full year comments:  Gross margin improved to 22.5% (22.3%).  Gross margin improved to 21.2% (19.9%)  Improved sales mix as more profitable B2C sales took a bigger share of sales.  Adj. EBIT-margin increased to 7.5% (5.1%

  6. Slide 6: Net working capital and NIBD

    Net working capital and NIBD Net working capital Net interest-bearing debt Comments:  NWC ratio -1.2% (-1.2%)  Inventories as percentage of sales reduced from 33% to 30%.  NIBD reduced from DKK 349m to DKK 316m.  Leverage ratio of 2.50 (4.08 Q4 LY), well within covenants 6

  7. Slide 7: Cash flow

    Cash flow Free cash-flow Q4 comments:  Free cash flow was DKK 15m compared to DKK 60m in Q4 LY.  Capex ratio was 4.0% of revenue compared to 2.8% in Q4 LY.  Cash conversion (LTM) of 84%, supported by the positive development in NWC in recent quarters. 7

  8. Slide 8: Dividend distribution

    Dividend distribution  Balance sheet deleveraged to NIBD of 2.50x EBITDA  Dividend policy of distributing 40-60% of net profit.  As a result, the Board of Directors propose a dividend of DKK 3 per share.  Total distribution of DKK 31 million, equal to 54% of net profit for the year. 8

  9. Slide 9: Expected acquisition of Celebert ApS

    Expected acquistion of Celebert ApS  Acquisition of remaining 55% stake in Celebert ApS expected in 2nd half of 2025.  Celebert ApS has delivered impressive revenue and earnings growth in the online market.  Gain full control of this important sales channel.  Enabling further sales and cost syne

  10. Slide 10: Financial outlook 2025

    Financial outlook 2025 Financial outlook:  Net revenue: DKK 1,250-1,400 million  Adjusted EBIT: DKK 90-120 million  Acquisition of Celebert ApS expected in the 2nd half of the year. (EBIT excluding non-recurring items) Forward looking statements This presentation contains statements relating to t

  11. Slide 11: Q&A

    Q&A

TCM Group — Q4 2024 Earnings Presentation on 6ix