TKH Group presents annual figures
18 percent organic sales growth and 24 percent EBITA growth: the board members of the TKH Group are satisfied
TKH Group has released its latest business statement. In it, the company reports a record order intake of over two million euros. Sales increased by 19.2 percent.
Most notably, in the Smart Vision Systems segment, the company has delivered strong organic growth of 12.5 percent, with ROS up from 17.2 percent in 2021 to 19.1 percent in 2022, accounting for 41 percent of operating income.
EBITA grew by a strong 23.9 percent. That's particularly impressive as the company has faced some adversities, such as €10 million import tariffs on fiber optic cables and shortages of critical components in smart manufacturing systems, which led to operational inefficiencies due to delayed shipments and sales . To prevent this from happening again, the TKG Group has started building a fiber optic cable plant in Poland.
