TCM Group A/S

Interim Report October-December 2020

February 24, 2021

Business update Q4 2020

  • ❑ Growth driven by the Danish market primarily within Nettoline and kitchn.dk

  • ❑ The Danish kitchen market has been resilient despite Covid-19

  • ❑ Number of branded stores (Svane/Tvis) was 69 (68).

  • ❑ Nettoline Skive opened during Q4 2020 bringing the

    total number of branded Nettoline stores to 21.

  • ❑ Continued focus to add new branded stores in Norway (Svane Køkkenet) and Denmark (Tvis Køkkener and Nettoline)

  • ❑ Continued product innovation with the launch of Momento in the Tvis Køkkener assortment

Capital structure

  • ❑ Strong cash generation and strong financial position

  • ❑ Balancing the capital structure

Board recommendation for the AGM:

  • ❑ Ordinary dividend of 5.50 DKK per share (totaling 55mDKK) corresponding to 54% of Net profit

  • ❑ Extraordinary dividend of 7.50 DKK per share (totaling 75mDKK)

  • ❑ Implementation of a share buy back program of up to 150mDKK

Revenue growth in Q4 of 0.5%

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TCM Group A/S published this content on 24 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 March 2021 02:53:06 UTC.