One of Scandinavia's largest manufacturers of kitchen, bathroom, and storage furniture, has revised its 2025 expectations following a slowdown in private consumption. The group, which owns brands including Svane Køkkenet, Tvis Køkkenet, Nettoline, AUBO, and Celebert, reported that second-quarter order intake declined, despite continued growth in both B2B and B2C segments during the first quarter.
© TCM Group
Revenue for the company, TCM Group, Q2 rose 5 percent to DKK 349.1 million, with adjusted operating earnings (EBIT) increasing 20 percent to DKK 33.6 million. CEO Torben Paulin noted that 'activity in the B2C segment started to show signs of slowdown, in line with macroeconomic reports indicating weakened consumer confidence and a decline in retail sales.'
As a result, TCM Group has narrowed its full-year revenue forecast to DKK 1,250–1,300 million, down from DKK 1,250–1,325 million, and expects adjusted EBIT of DKK 90–110 million, compared with the previous range of DKK 90–115 million.
The company highlighted that, despite the slowdown in private consumption, overall development remains positive across both business segments, reflecting a resilient performance in a challenging macroeconomic environment.
The revision underscores the impact of shifting consumer sentiment on major kitchen manufacturers and signals a cautious outlook for the remainder of 2025.
Source: www.wood-supply.dk
