TCM Group A/S (OCSE:TCM)

kr 68.2 -0.4 (-0.58%) Market Cap: 712.05 Mil Enterprise Value: 997.05 Mil PE Ratio: 24.15 PB Ratio: 1.29 GF Score: 83/100

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Q2 2022 TCM Group A/S Earnings Call Transcript

Aug 19, 2022 / 07:30AM GMT

Release Date Price: kr85 (-5.56%)

Transcript

Operator

Good day, and thank you for standing by. Welcome to TCM Group Interim Second Quarter 2022 Report Conference Call. (Operator Instructions) After the speaker's presentation, there will be the question-and-answer session. (Operator Instructions) Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Torben Paulin. Please go ahead.

Torben Paulin;S;CEO

TCM Group A

/-

Thank you. Good morning, ladies and gentlemen, and welcome to the presentation of the Q2 results for TCM Group. Presenters today are our CFO, Mogens ElbrÃ¸nd Pedersen; and myself, CEO, Torben Paulin. We will comment on the business and the financial results, after which, we will hand over to the operator for the Q&A session.

Let us start the presentation and turn to Page 2 for the business update. In Q2, we saw a continued solid demand for kitchens. Underlying like-for-like growth in our core business, excluding the third-party, revenue was 11%. The growth was driven by both

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