22.03.2017
TAKKT AG DE0007446007
DGAP-News: TAKKT AG: Financial year successfully concluded - Proposed dividend increase
DGAP-News: TAKKT AG / Key word(s): Final Results/Forecast
TAKKT AG: Financial year successfully concluded - Proposed dividend increase
22.03.2017 / 07:00
The issuer is solely responsible for the content of this announcement.
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Financial year successfully concluded - Proposed dividend increase
* Reported Group sales up by 5.8 percent to EUR 1,125.0 (1,063.8) million;
organic growth of 5.2 percent
* Gross profit margin remains constant at 42.6 (42.6) percent
* EBITDA margin of 15.2 (14.8) percent slightly above target corridor, at
14.5 (14.5) percent when adjusted for one-time effects
* Proposed dividend increase to EUR 0.55 (0.50) per share
* Organic sales growth of two to five percent expected for 2017
* Further investments for implementing the digital agenda
Stuttgart, Germany, March 22, 2017. "We've had a successful financial year,"
remarked Felix Zimmermann, CEO of TAKKT AG, "with organic sales growth of
5.2 percent, which was slightly above our forecast for 2016." Group sales in
the year under review increased by 5.8 percent to EUR 1,125.0 (1,063.8)
million. Positive effects resulted from the fact that the company
acquisitions Post-Up Stand and BiGDUG contributed to Group sales for the
full year for the first time. Portfolio effects had a positive impact on
sales of 1.2 percentage points. In contrast, currency effects had a negative
impact of 0.6 percentage points.
EBITDA margin slightly above target corridor
In the year under review, EBITDA increased to EUR 171.3 (157.3) million.
This is mainly due to the positive organic performance of sales in the
segments. In addition, one-time gains should be taken into account in the
year under review as well as for the previous year. In 2016, the EBITDA
margin of 15.2 (14.8) percent was slightly above the target corridor of 12
to 15 percent. Adjusted for positive one-time gains, the EBITDA margin
remained constant at 14.5 (14.5) percent.
TAKKT EUROPE: Solid performance in both divisions
Sales in the TAKKT EUROPE segment increased by 4.6 percent to EUR 563.3
(538.3) million. Sales rose organically by 3.5 percent. Both divisions were
able to achieve organic sales growth in the low single-digit percentage
range. The EBITDA margin of the segment was once again well above the Group
average with 19.0 (18.3) percent; however, it was also positively influenced
by one-time gains in 2016. Adjusted for these, the EBITDA margin was 18.2
(18.3) percent.
TAKKT AMERICA: Sales growth higher than average
At EUR 562.0 (525.8) million, sales for TAKKT AMERICA were 6.9 percent
higher than the previous year. Organic sales growth came to 7.0 percent. The
Specialties Group achieved organic sales growth in the mid-single-digit
range, and the Office Equipment Group posted growth in the low double-digit
percentage range. The EBITDA margin of the segment increased to 13.7 (13.1)
percent, which was also due to one-time gains. Adjusted for these, the
EBITDA margin was 13.0 (12.5) percent.
TAKKT shapes its digital transformation
TAKKT wants to actively make the most of the opportunities that
digitalization offers. To do so, the company developed a digital agenda in
2016 and formulated a Vision 2020. The aim is to double e-commerce business,
transform the organization in a step change, invest in employees and new
technologies, and increase organic sales growth in the medium term. Selected
measures from the digital agenda, which are regularly updated, can be found
at www.takkt.de/en/digitalization/measures/.
Industry role model for sustainability
TAKKT had announced that it wanted to be the industry role model for
sustainability by the end of 2016. This goal was achieved. The Group is
leading the way, especially in the areas of purchasing, marketing and
logistics. Sustainability will continue to remain a core issue for TAKKT in
the future. Ambitious plans have been laid down for the years to come. In
the latest sustainability update, you can read about the progress made in
defined focus areas and the goals set for 2020.
Dividend of EUR 0.55 proposed
The Management Board and Supervisory Board of TAKKT AG will propose to the
Shareholders' Meeting in May that the dividend be increased to EUR 0.55
(0.50) per share. This corresponds to a payout ratio of 39.5 percent of
profits for the period.
Outlook for 2017: Continued organic growth expected
TAKKT anticipates business to develop positively in 2017. Compared to the
previous year, GDP growth is expected to slow slightly for the eurozone
while increasing in the USA. Based on this assumption, TAKKT predicts
organic sales growth of between two and five percent. Due to expenses
stemming from implementing the digital agenda, the EBITDA margin for 2017 is
expected to be in the middle of the target corridor of 12 to 15 percent. "In
the medium term, we expect increased organic sales growth and improved
relative key figures, such as the EBITDA margin. This will come as a result
of our investments in connection with the digital transformation," adds CFO
Claude Tomaszewski.
Analyst Conference on March 22, 2017 at 3:00 p.m. (CET)
The login details to participate in the call can be found at the following
link:
www.takkt.com/event
IFRS figures for the TAKKT Group for the 2016 financial year
(in EUR million)
2016 2015 Change in
%
TAKKT Group sales 1,125.0 1,063.8 +5.8
Organic growth +5.2
TAKKT EUROPE 563.3 538.3 +4.6
TAKKT AMERICA 562.0 525.8 +6.9
EBITDA 171.3 157.3 +8.9
EBITDA margin (%) 15.2 14.8
EBIT 142.0 129.4 +9.8
EBIT margin (%) 12.6 12.2
Profit before tax 132.5 119.9 +10.5
Pre-tax margin (%) 11.8 11.3
TAKKT cash flow 125.6 114.2 +10.0
TAKKT cash flow margin 11.2 10.7
Investment 17.4 14.2 +21.9
TAKKT cash flow per share in EUR 1.91 1.74 +9.8
Earnings per share in EUR 1.39 1.24 +12.1
Non-current assets 729.9 735.6 -0.8
in % of total assets 74.9 76.3
Total equity 537.8 473.4 +13.6
in % of total equity and liabilities 55.2 49.1
Net financial liabilities 177.5 244.0 -27.2
Employees (full-time equivalent) as of 2,311 2,304 +0.3
December 31
About TAKKT AG
TAKKT is the leading B2B direct marketing specialist for business equipment
in Europe and North America. The Group is represented with its brands in
more than 25 countries. The product range of the subsidiaries comprises more
than 500,000 products for the areas of plant and warehouse equipment, office
furniture, transport packaging, display articles and equipment for the food
service industry, hotel market and retailers. The TAKKT Group has over 2,000
employees and just under three million customers worldwide. The company is
listed on the SDAX and Deutsche Börse Prime Standard.
Contacts:
Dr. Christian Warns Tel. +49 711 3465-8222
Giuseppe Palmieri Tel. +49 711 3465-8250
Email: [email protected]
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22.03.2017 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: TAKKT AG
Presselstr. 12
70191 Stuttgart
Germany
Phone: +49 (0)711 346 58 -0
Fax: +49 (0)711 346 58 - 10
E-mail: [email protected]
Internet: www.takkt.de
ISIN: DE0007446007
WKN: 744600
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart;
Regulated Unofficial Market in Berlin, Dusseldorf, Munich,
Tradegate Exchange
End of News DGAP News Service
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556713 22.03.2017
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