TKH Annual Report 2023 

In 2023, we made strong progress in implementing our strategy and all related action plans. We achieved a number of milestones related both to our market positioning and our R&D roadmap, including our €200 million strategic investment program. We also made a significant investment in software expertise, establishing with a dedicated Artificial Intelligence (AI) center of excellence in Amsterdam. Our divestment program continued with the sale of our distribution connectivity activities in France as well as our remaining interest in CCG. The one-off net profit related to these transactions amounted to €54.8 million, demonstrating the substantial value we created during our involvement.

We are committed to delivering strong results through innovative technologies that maximize customer efficiency.

Alexander van der Lof

Chairman Executive Board

A.vanderLof.jpg

Key messages

Increase of turnover, EBITA and added value

  • Organic turnover growth of 3.2%
  • EBITA grew to €237.0 million
  • Added value increased substantially to 49.8% (2022: 47.2%) underlying the strength of our businesses

Many strategic milestones reached, related to

  • Market positioning
  • R&D roadmap
  • Investments into software expertise with strong focus on artificial intelligence (AI)
  • Two large divestments completed in 2023, resulting in a total one-off net profit contribution of €54.8 million
  • Two share buyback programs of €50 million in total

Strategic Investment Program of €200 million nearing completion

  • New inter-array cable facilities in Eemshaven starting operational production in Q2 2024

Good progress on ESG

  • High-priority investments resulted in 64.3% reduction of CO₂e footprint (scopes 1 and 2)
  • Diversity ratio increased to 19.2% (females in executive and senior management teams)
  • Employee satisfaction rate at all-time high of 7.8
  • Improved ESG ratings
  • Approximately 70% of turnover linked to SDGs

High innovative power, with innovations contributing 16.1% of turnover

Proposed dividend of €1.70 (2022: €1.65)

 


 

  • ,
    Turnover 2023

  • .%
    Return on sales 2023

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    Return on capital employed 2023

  • EBITA 2023

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    Dividend per share

TKH worldwide 

 

Turnover by region

 

The Netherlands
€455 million


Europe (other)
€717 million


Asia
€353 million


North America
€240 million


Other
€83 million

Map of the world
  • .%
    Net CO₂e footprint reduction (Scopes 1 and 2)

  • %
    Turnover linked to SDGs

  • .
    Customer satisfaction score

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    Accident rate (LTIFR)

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    Employee satisfaction score

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Annual Report

2023

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TKH Annual Report 2023

Annual Report 2023: downloads by section

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    TKH Technology Company 2023

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    TKH Corp. Governance 2023

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    TKH Sustainable Portfolio 2023

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    TKH Financial Statements 2023

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    TKH Other Information 2023

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