TKH Group annual report

We are pleased to announce that in 2023 our TKH holding group achieved a turnover of EUR 1,847.5 million, an increase of 1.7% compared to 2022.

The biggest driver of this growth was the intelligent manufacturing systems segment recording a 16.8% increase in turnover. This is clear proof of our ability to adapt to market needs and confirms the strong position of our products and solutions in the industry.

Taking into account turnover by individual regions of the world, the share of turnover coming from Asia increased by 4 percentage points, mainly driven by an increase in the number of deliveries of tire production machines. Despite a stable share in the Netherlands (at 25%) and an unchanged share for North America (13%), Europe's share (excluding the Netherlands) decreased by 5% compared to last year.

Forecasts

In 2023, TKH Group took significant steps forward in its strategic trajectory. Having achieved over 15% of its turnover from innovation and having completed a strategic investment program worth EUR 200 million, it is well prepared for further growth in 2024.

TKH Group forecasts that this year, intelligent production systems will stabilize in growth, in contrast to previous periods. Thanks to market recovery, Smart Vision systems are expected to see growth in the second part of 2024. In the context of Smart Connectivity systems, the project to eliminate ground power lines in the Netherlands is planned to continue throughout the year.

We encourage you to read the full report, which offers detailed information on TKH Group's financial performance and future plans. We believe that a commitment to innovation, strategic investment and long-term planning will enable sustainable growth and development.

The full financial report can be found HERE!