31.10.2016
TAKKT AG DE0007446007
DGAP-News: TAKKT AG: TAKKT continues to grow, confirms the forecast and presents its Digital Agenda
DGAP-News: TAKKT AG / Key word(s): 9-month figures
TAKKT AG: TAKKT continues to grow, confirms the forecast and presents its
Digital Agenda
31.10.2016 / 07:00
The issuer is solely responsible for the content of this announcement.
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TAKKT continues to grow, confirms the forecast and presents its Digital
Agenda
- TAKKT achieved organic growth of 6.0 percent in first nine months of
2016, reported sales up by 6.7 percent
- Gross profit margin at 42.8 (42.6) percent
- EBITDA margin improved to 16.3 (15.0) percent
- Company created digital agenda
Stuttgart, Germany, October 31, 2016. TAKKT has good growth to show for the
first nine months of 2016. Compared to the previous year's period, sales
increased by 6.7 percent to EUR 841.8 (788.6) million. As expected, growth
slowed down in the third quarter after excellent performance in the first
half-year. Consumers proved reticent to buy following the Brexit decision
at the end of June - especially in nearly all of Europe. "The current
market uncertainty caused by the Brexit vote and the upcoming elections in
the US is impacting people's willingness to invest. This affects our
business," explains Felix Zimmermann, CEO of TAKKT AG. However,
Scandinavia, as well as some parts of Southern Europe, have remained
comparatively resilient. While most activities in North America recorded
growth that was slightly weaker than in previous quarters, the office
equipment business managed to maintain its strong growth from earlier in
the year. Group sales adjusted for currency and portfolio effects grew
organically by 6.0 percent in the nine-month period of 2016 and 2.8 percent
in the third quarter.
The gross profit margin in the first nine months was slightly higher than
in the corresponding previous year's period. EBITDA increased to EUR 137.4
(118.6) million and the EBITDA margin to 16.3 (15.0) percent. Positive one-
time effects also contributed to earnings in both periods. Adjusted for
these effects, profitability came in at 15.3 (14.6) percent.
As announced in the beginning of the year, TAKKT put together a digital
agenda and formulated a Vision 2020 in the reporting period. This includes
doubling the e-commerce business, sustainably changing the organization,
investing up to EUR 50 million in employees and new technologies, and
increasing sales growth organically over the medium term. Concrete measures
in six focus areas were developed in order to realize these goals. More
information can be found in the publication released today, "Digital
Transformation," which is available at www.takkt.com/digital.
For the remaining fourth quarter, TAKKT is expecting the current
performance, which is rather subdued, to continue. This is also due to
fewer working days in the fourth quarter which will have a negative impact
of about two percentage points on growth. Overall, the Group is confirming
its forecast. "The performance of the first nine months has been in line
with our expectations," says TAKKT CFO Claude Tomaszewski. "We therefore
expect continued organic sales growth of three to five percent for 2016.
The EBITDA margin is expected to be in the upper third of the target
corridor of 12 to 15 percent."
Conference call: October 31, 2016, at 3:00 pm (CET).
The login details to participate in the earnings call can be found at the
following link:
http://www.takkt.com/event
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:
Dr. Christian Warns Tel. +49 711 3465-8222
Giuseppe Palmieri Tel. +49 711 3465-8250
Email: [email protected]
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31.10.2016 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.
Archive at 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,
Tradegate Exchange
End of News DGAP News Service
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