TCM Group announces financial outlook for 2026

Core Viewpoint - TCM Group anticipates moderately positive market developments in 2026, driven by improving consumer confidence and strong housing sector sales, although growth in the B2C kitchen market is expected to be modest [1][2]. Group 1: Financial Outlook - TCM Group estimates revenue for the financial year 2026 to be in the range of DKK 1,400-1,500 million [3]. - Adjusted EBITA for 2026 is estimated to be in the range of DKK 120-140 million, with a focus on this figure as a better reflection of underlying profitability [3]. Group 2: Strategic Initiatives - The company plans to fully integrate Celebert ApS into its operations and maximize the value of its new lacquering facility while rolling out a new ERP platform [2]. - Priorities for 2026 include gaining market share in the B2C segment and B2B2C elements, driving operational efficiencies, and maintaining leadership in sustainability [2]. Group 3: Market Conditions - Consumer confidence is gradually improving, albeit from a low level, and the B2B market shows signs of improvement, though it is expected to remain below historical levels [1]. - The market for larger building projects is anticipated to benefit from lower interest rates, leading to increased housing construction activity [1]. Group 4: Company Overview - TCM Group is Scandinavia's third-largest kitchen manufacturer, primarily operating in Denmark with exports to Norway, and offers a range of products including kitchens, bathroom furniture, and storage solutions [4]. - The company employs a multi-brand strategy, with its main brand being Svane Køkkenet, and markets products through franchise stores and independent kitchen retailers [4].