Danske Bank raises target for TCM Group stock to DKK 82
Published on 10/14/2026 at 05:13 | Editorial responsibility: Rafael MĂŒller, Editor-in-Chief AD HOC NEWSAnalyst target and operating test
- Danske Bank lifted its TCM Group target from DKK 80 to DKK 82 on September 3, 2026.
- Revenue reached DKK 737 million in the first half of 2026.
- TCM Group stock was last at DKK 67.40 on Nasdaq Copenhagen on October 13, 2026 at 4:59 p.m. CEST.
- The next interim report is scheduled for November 19, 2026, followed by the annual report on February 25, 2027.
Danske Bank raised its target for TCM Group stock from DKK 80 to DKK 82 on September 3, 2026, while maintaining its Buy recommendation, according to AffÀrsvÀrlden. The move leaves the target 25.00 percent above DKK 65.60, the price cited in the same analysis on September 19, 2026, using the source currencies separately from the later market quote.
Three dated operating signals
TCM Group reported DKK 737 million of revenue and DKK 80 million of cash flow in the first half of 2026, a 12.00 percent revenue increase, according to Economic Weekly on September 23, 2026. The report also described pressure on profitability as the company adjusted its operating model.
On May 21, 2026, TCM Group published its first-quarter report, followed by the second-quarter report on August 20, 2026, according to AffÀrsvÀrlden. The Q2 2026 figures listed there include DKK 375 million of revenue and DKK 27.6 million of operating profit, compared with DKK 349 million and DKK 33.6 million in Q2 2025.
What is the margin test?
The key operating question is whether higher sales can translate into stronger profitability. Adjusted EBITA margin fell to 7.90 percent in the first half of 2026 from 8.50 percent a year earlier, while gross margin rose to 23.50 percent from 22.50 percent, according to Dagens Aktie.
The company has guided for 2026 revenue of DKK 1.4 billion to DKK 1.5 billion. That range implies that the second half must build on the first-half revenue base, while the margin comparison shows why the market will likely judge the next report on earnings quality as well as sales.
Reporting dates and last quote
The next interim report is scheduled for November 19, 2026, followed by the annual report on February 25, 2027, according to AffÀrsvÀrlden. These dates place the November report before the annual update and give investors a near-term test of the 2026 revenue and margin targets.
TCM Group was last at DKK 67.40 on Nasdaq Copenhagen on October 13, 2026 at 4:59 p.m. CEST. The 52-week range was DKK 61.60 to DKK 73.80 and market capitalization was DKK 696.4 million as of that quote.
TCM Group stock facts
- Company: TCM Group A/S
- ISIN: DK0060915478
- Ticker: TCM.CO
- Primary exchange: Nasdaq Copenhagen
- Last price Nasdaq Copenhagen (as of October 13, 2026, 4:59 p.m. CEST): DKK 67.40
- Market capitalization: DKK 696.4 million (as of October 13, 2026)
- 52-week range: DKK 61.60-DKK 73.80 (as of October 13, 2026)
- Sector / Industry: Consumer Cyclical / Furnishings, Fixtures and Appliances
Market context: Latest market reports.
