TKH Group (TWEKA) Investor presentation summary

Strategic direction and business model

• Focus on automation and electrification, with market leadership in vision technologies and automated machinery.

• Portfolio optimized by divesting lower-margin, commodity operations and investing in high-growth automation and electrification.

• 75% of turnover linked to UN Sustainable Development Goals, with strong ESG ratings and sustainability targets.

• Ongoing separation of Electrification to unlock value and enhance operational flexibility.

• Clear execution priorities: separation of Electrification, portfolio optimization, and disciplined capital allocation.

Financial performance and targets

• FY2025 turnover grew 2.8% to €1,761m, with organic growth of 4.9%.

• Adjusted EBITA declined 7.1% to €189.5m; net profit was €94.3m.

• Q1 2026 showed 9.6% organic turnover growth and 19.1% organic EBITA growth.

• 2028 targets: Automation 5–7% organic turnover CAGR, EBITA margin 17–19%, ROCE 25–30%; Electrification >7% organic turnover CAGR, EBITA margin 12–15%, ROCE 18–23%.

• Dividend payout between 40–70% of normalized net profit, with a target yield of 3%.

Segment performance and market positioning

• Vision Technologies FY2025 turnover €522.6m (+6.8%), EBITA margin 17.9%; growth driven by machine vision and software.

• Automated Machinery FY2025 turnover €522.6m (–14.2%), EBITA margin 19.4%; order book declined due to lower intake and geopolitical uncertainty.

• Electrification FY2025 turnover €728.8m (+15.3%), EBITA margin 2.3%; strong onshore demand, offshore ramp-up, and new contracts.

• High market share in tire building machines and machine vision, with global leadership in key segments.

• Investments in capacity expansion for offshore and onshore cables to meet electrification demand.