16.02.2017
TAKKT AG DE0007446007
DGAP-News: TAKKT AG: TAKKT looks back on a successful 2016 financial year
DGAP-News: TAKKT AG / Key word(s): Preliminary Results
TAKKT AG: TAKKT looks back on a successful 2016 financial year
16.02.2017 / 07:00
The issuer is solely responsible for the content of this announcement.
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TAKKT looks back on a successful 2016 financial year
- TAKKT achieves organic growth of 5.2 percent, reported sales up by 5.8
percent
- EBITDA margin improved to 15.2 (14.8) percent, without one-time effects
at 14.5 (14.5) percent
- Earnings per share increased to EUR 1.39 (1.24)
- Management Board proposes to the Supervisory Board that the dividend be
increased to EUR 0.55 (0.50) per share
Stuttgart, Germany, February 16, 2017. TAKKT was able to increase
consolidated sales in the 2016 financial year by 5.8 percent to EUR 1,125.0
(1,063.8) million. When adjusted for currency, disposal and acquisition
effects, organic sales rose by 5.2 percent. After a strong first half-year,
as expected, organic growth in the second half was weaker. In the last
quarter, with 3.0 percent, it was on a comparable level as the third
quarter. "Our organic growth for the year as a whole was slightly above the
upper end of the projected range of three to five percent," explains CEO
Felix Zimmermann. "In view of the increased economic uncertainty, we are
satisfied with our key figures. We can look back on a successful year." The
stronger momentum came from the TAKKT AMERICA segment just like it did in
the previous year, where the OEG division specialized in office equipment
even reached double-digit growth. Development in both divisions of TAKKT
EUROPE in organic terms was at a comparable level and characterized by
solid growth.
The gross profit margin of 42.6 (42.6) percent was at the level of the
previous year. At EUR 171.3 (157.3) million, EBITDA was 8.9 percent higher
in the 2016 financial year than the previous year, which is also
attributable to the positive development of organic sales. The EBITDA
margin rose accordingly to 15.2 (14.8) percent, whereby one-time gains in
both financial years should also be taken into account. Without these
positive one-off effects, the EBITDA margin would have remained constant at
14.5 (14.5) percent and thus still in the upper third of the target
corridor of 13 to 15 percent. Earnings per share increased to EUR 1.39
(1.24).
The Management Board proposes to the Supervisory Board that a dividend of
EUR 0.55 (0.50) per share be paid out for the 2016 financial year. This
would correspond to a payout ratio of 39.5 (40.5) percent.
Given the present emerging economic scenario, TAKKT expects to realize an
organic sales gain in 2017. However, the Group anticipates increased
economic risk from the planned British withdrawal from the EU as well as
the political uncertainty in the US. "We want to continue our course of
growth in 2017, with strategic focus on the implementation of the digital
agenda which we developed in the previous year. Due to the implementation-
related investments and costs planned for the digitalization activities, we
expect an EBITDA margin in the middle of our long-term target corridor of
12 to 15 percent," says CFO Claude Tomaszewski, summing up the preliminary
outlook for 2017.
TAKKT will give further details on the 2016 consolidated financial
statements and assessment of future business development with the
publication of the 2016 annual report on March 22, 2017.
Conference call: February 16, 2017, at 3:00 pm (CET).
The login details to participate in the earnings call can be found under
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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16.02.2017 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.
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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544965 16.02.2017
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