10.05.2016
TAKKT AG DE0007446007
DGAP-News: TAKKT AG: TAKKT Shareholders' Meeting approves increased dividend of 50 cents
DGAP-News: TAKKT AG / Key word(s): AGM/EGM
TAKKT AG: TAKKT Shareholders' Meeting approves increased dividend of 50
cents
10.05.2016 / 12:45
The issuer is solely responsible for the content of this announcement.
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P R E S S R E L E A S E
TAKKT Shareholders' Meeting approves increased dividend of 50 cents
Ludwigsburg/Stuttgart, Germany, May 10, 2016. The Shareholders' Meeting of
TAKKT AG today approved the distribution of dividends of EUR 32.8 million.
The payout ratio based on the profit for the period for 2015 of EUR 81.0
(65.7) million increased significantly to 40 (32) percent.
The Shareholders' Meeting thus approved the dividend proposed by the TAKKT
Management Board and Supervisory Board, which is based on the dividend
policy amended in February 2016. The aim of this policy was to allow
shareholders to participate even more in the company's success by
stabilizing the payment of dividends. The other matters on the agenda were
also approved by the Shareholders' Meeting with a large majority, including
the discharge of the Management Board and Supervisory Board as well as an
amendment of the articles of association regarding the purpose of the
company.
The Management Board also provided a detailed report on the 2015 financial
year, during which the milestone of sales of one billion euros was hit for
the first time in the company's history. The key figures of sales growth
and EBITDA margin were within the ranges projected at the beginning of
2015. Sales grew organically by 4.7 percent; the EBITDA margin was at 14.8
percent. "We were able to continue our profitable growth in 2015 as well.
The positive development in North America was particularly noteworthy,"
said TAKKT CEO Felix Zimmermann.
For the 2016 financial year, the Management Board of TAKKT anticipates a
continuation of the positive development of the previous year. "Despite the
recent downgraded economic forecast, we are seeing good overall conditions
for the continued economic development of the company. We continue to
expect organic sales growth of between three and five percent as well as an
EBITDA margin within the upper third of the target corridor of 12 to 15
percent. In the first three months of 2016, we were already able to
continue the positive development of the previous year," Zimmermann
explained. "With a view towards our strategic development, we want to
expand and further implement our digital agenda. Digitalization cannot be
put off, which is why it is a priority for us."
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 300,000 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:
Christian Warns Tel. +49 711 3465 8222
Giuseppe Palmieri Tel. +49 711 3465 8250
Email: [email protected]
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10.05.2016 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.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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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
End of News DGAP News Service
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461847 10.05.2016
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