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- Q4 2023 TCM Group A/S Earnings Call TranscriptFeb 28, 2024kr50.6 (+2.22%)Earnings
- TCM Group A/S Conference Call TranscriptOct 19, 2023
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- Full Year 2021 TCM Group A/S Earnings Call TranscriptFeb 25, 2022kr124 (+0.40%)Earnings
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- Q2 2021 TCM Group A/S Earnings Call TranscriptAug 20, 2021kr158 (+2.60%)Earnings
- Q1 2021 TCM Group A/S Earnings Call TranscriptMay 19, 2021kr164 (-4.93%)Earnings
- Q4 2020 TCM Group A/S Earnings Call TranscriptFeb 24, 2021kr144.5 (-4.30%)Earnings
- Q3 2020 TCM Group A/S Earnings Call TranscriptNov 11, 2020kr128.5 (-4.46%)Earnings
- Q2 2020 Tcm Group A/S Earnings Call TranscriptAug 18, 2020kr129.5 (-5.47%)Earnings
- Q1 2020 Tcm Group A/S Earnings Call TranscriptMay 06, 2020kr94.6 (-1.87%)Earnings
- Q4 2019 Tcm Group A/S Earnings Call TranscriptFeb 26, 2020kr125 (-8.76%)Earnings
- Q3 2019 Tcm Group A/S Earnings Call TranscriptNov 06, 2019kr112 (+0.90%)Earnings
- Q2 2019 Tcm Group A/S Earnings Call TranscriptAug 14, 2019kr112 (+1.36%)Earnings
- Q1 2019 Tcm Group A/S Earnings Call TranscriptMay 07, 2019kr110 (-1.35%)Earnings
Q3 2022 TCM Group A/S Earnings Call Transcript
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Good morning, ladies and gentlemen, and welcome to the presentation of the Q3 results for TGM Group. Presenters today are our CFO, Mogens Elbrønd 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.
Underlying like-for-like growth in our core business, excluding third-party revenue in Q3 was 4%. Growth in our Norwegian business was strong, driven revenue in other countries up with 39%. In Q3, high mark in B2C sales declined which was offset by growth in B2B sales, primarily driven by lower margin project sales. This change in sales mix had a significant negative impact on gross margin and reduced earnings.
We have already undertaken a number of actions to address the development to adjust production capacity and increased efficiency in our production, we decided to close down the third shift, which was the night shift
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