Publication TKH Annual Report 2023

We are proud to publish our 2023 Annual Report.

With passion and dedication, we have focused on the execution of our strategy and the targets we have set. We realized a 3.2% organic growth in turnover and a 3.0% organic growth in EBITA, in line with our outlook. Our added value increased substantially to 49.8% from 47.2% the previous year, underlining the strength of our businesses. Our EPS grew by 22%.

We made strong progress in implementing our strategy and all the related action plans. Many milestones were reached related to market positioning and the R&D roadmap, including the realization of our € 200 million strategic investment program. Additionally, we invested in our software expertise, with a strong focus on Artificial Intelligence (AI), for which we established a hub in Amsterdam to centrally develop AI software solutions for the TKH group entities. We continued our divestment program successfully, completing the sale of our distribution connectivity activities in France and the divestment of our remaining interest in CCG. The one-off net profit related to these transactions was € 54.8 million, demonstrating the value we created during the time the activities were part of TKH.

ESG continued to be a high priority in our activities, as reflected in the significant improvement of several ESG ratings and dashboards. We made good progress against ESG goals, in particular increasing investments to reduce our carbon footprint in relation to scopes 1 and 2. Sustainability is embedded in our strategy and is seen as an opportunity to develop our technology to have a positive impact on our customers and the use of scarce energy resources.

Please click here to access the highlights as well as the ability to download the full report.

We would like to thank our stakeholders for their trust and cooperation, which have been instrumental in achieving our current results and laying a solid foundation for the years ahead. In particular, we would like to thank our employees for their dedication, passion, and commitment to achieving the best possible results in sometimes challenging situations!

On behalf of the Executive Board,
Alexander van der Lof, Chairman & CEO