Annual reports
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.
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
- .%Return on capital employed 2023
- €EBITA 2023
- €.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
- .%Net CO₂e footprint reduction (Scopes 1 and 2)
- %Turnover linked to SDGs
- .Customer satisfaction score
- .Accident rate (LTIFR)
- .Employee satisfaction score