TK Development A/S revised earnings guidance for the financial year 2018. For the year, the company has lowered the group’s profit guidance for financial year 2018 from DKK 100-120 million before tax to DKK 50-60 million before tax. The downgrade is due mainly to extraordinary events related to the bankruptcy of one of the contractors involved in the Strædet project in Køge, combined with the postponed hand-over of another project. As a result of the lowered guidance, the return on equity ratio for the Group’s 2017/18 development activities is expected to be about 7-8%, against the previous forecast of about 15%.