Investor Presentaiton
Smart Connectivity Systems
(in million €
unless stated otherwise)
H1 2023 H1 2022
A in %
Q3 2023
Turnover
451.8
420.0
+7.8%
-7.8% vs Q3 2022
Added value
41.1%
38.5%
EBITA
52.0
44.6
+16.4%
ROS
11.5%
10.6%
vs H1 2023
Orderbook
257.5
**
EBITA & ROS
Turnover (€ m) 546.7
597.4
609.8
565.6
692.3
848.6
YoY growth (%) 17.5%
9.3%
2.1%
-7.3%
22.4%
22.6%
TH
•
•
•
•
HIGHLIGHTS Q3 2023
As expected, Smart Connectivity systems' turnover decreased; Q3 turnover included the
contribution of the recently divested TKH France
Onshore energy cable turnover was impacted by destocking, due to delays encountered
by utility companies with the roll-out of their network infrastructure projects
Offshore energy cable capacity was underutilized due to the postponement of an order to
2024, as previously communicated
The new fibre optic and specialty cable plants in Poland were officially opened in early
September and are rapidly ramping up, leading to an expansion in the number of
employees
Due to the doubling of the EU anti-dumping duties and the implementation of anti-
dumping duties on optic cables from China to the United Kingdom, TKH decided to close
the cable production activities in China, for which one-off costs will be recognized in Q4 of
2023.
TURNOVER SPLIT
10.7%
10.6%
100
10.3%
12
9.3%
9.3%
9.2%
80
8.0%
10
94.6
87.3
73.2
28%
Other
60
6
55.5
56.0
40
50.6
45.2
4
20
2
0
0
2017
2018
2019*** 2020**
****
2021
2022 H123 LTM
38%
Energy
milo
34%
Digitalization
GEOGRAPHICAL SPLIT
5%
48%
1%2
2%
O
44%
■ Europe (Other)
29
29
**
****
Adjusted for acquisitions and currency effects, turnover increased 7.8% organically, with price effects accounting for 5.1%
EBITA before one-off income and expenses
In Aug 2019, CCG was divested (2018 EBITA € 14.3m)
In Jan 2020, ZTC was divested (2019 EBITA € 5.0m)
■Netherlands
■ Asia
■ROW
■ North America
SMART TECHNOLOGIES <View entire presentation