TCM Group A/S (CPSE:TCM) is looking for M&A. Torben Paulin, Chief Executive Officer said, "It is a part of our growth strategy to look for M&A opportunities. But as we also communicated when we announced the Aubo case is that there is very few potential targets in the Danish and you can say, Scandinavian market. As our industry is partly consolidated already with Nobia and [ Billingsley ] brands.

So there is very, very few targets. And those targets, they are family owned and through generations and thereby, they might not be for sale. But if we hear about something, if we get invitations, we definitely look at it.

And as we also communicated, we are not into any experiments with turnarounds or start-ups, we are primarily looking for business that are also already well performing".