26.07.2018 TAKKT AG  DE0007446007

DGAP-News: TAKKT AG: TAKKT with good growth in the second quarter


 
DGAP-News: TAKKT AG / Key word(s): Half Year Results TAKKT AG: TAKKT with good growth in the second quarter 26.07.2018 / 07:00 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- P R E S S R E L E A S E TAKKT with good growth in the second quarter * Noticeable organic sales growth in the second quarter (+4.7 percent) after a difficult start in the financial year * Acquisitions of OfficeFurnitureOnline at the end of January and of Runelandhs at the end of May * Group sales increased in the first half-year by 0.4 percent to EUR 567.2 (565.0) million; acquisitions contributed to sales in the amount of 4.5 percentage points, negative currency effects in the amount of 5.9 percentage points and organic growth in the amount of 1.8 percent * Gross profit margin decreased to 41.9 (43.1) percent, mainly because of increased freight costs * EBITDA margin significantly lower than the previous year at 12.2 (14.5) percent because of restrained growth, increased freight costs and planned higher expenditures for the implementation of the digital agenda * Earnings per share at EUR 0.58 (0.64) Stuttgart, Germany, July 26, 2018. As expected, the business development in the second quarter of 2018 noticeably improved. In organic terms, i.e., adjusted for acquisition and currency effects, sales growth amounted to 4.7 percent. Both TAKKT EUROPE and TAKKT AMERICA achieved good organic growth. After four quarters of declining development, business in the US was again able to achieve solid growth, while growth in Europe was even stronger. In spite of negative currency effects, sales in the reporting currency of euros grew by 5.4 percent to EUR 291.2 (276.2) million because of the acquisition of Mydisplays, OfficeFurnitureOnline und Runelandhs. The EBITDA margin fell from 13.4 to 12.2 percent due mainly to a lower gross profit margin primarily resulting from increased freight costs. "We are satisfied with the sales development in the second quarter. In addition to that, we made great progress with our digital agenda and, for the first time, generated over half of our order intake through e-commerce," said Felix Zimmermann, CEO of TAKKT. In the first half of the year, sales increased 0.4 percent to EUR 567.2 (565.0) million. The aforementioned acquisitions contributed to growth with a total of 4.5 percentage points, while negative currency effects caused a decrease of 5.9 percentage points. Organic sales growth was 1.8 percent. In the first half of 2018, the EBITDA margin of 12.2 (14.5) percent was considerably below the level of the previous year due to restrained growth, increased freight costs and planned higher expenditures for the implementation of the digital agenda. For the second half of the year, TAKKT assumes a continuation of the improved growth from the second quarter and confirms the forecast of organic growth between two and four percent for 2018. At the same time, the TAKKT Management expects an increase in profitability for the second half of the year. CFO Claude Tomaszewski explains: "From today's perspective, we expect a good growth dynamic in the second half of the year. In order to increase profitability, we also review our costs and will to some extent adjust our prices as a result of the increased freight costs." The Group anticipates an EBITDA margin at the lower end of the corridor of the 13 to 14 percent projected at the beginning of the year. Depending on the further course of the trade conflicts that are increasing worldwide, an EBITDA margin of slightly under 13.0 percent cannot be entirely excluded. Conference call: July 26, 2018, at 3:00 p.m. (CEST). The login details to participate in the earnings call are available at the following link: www.takkt.com/event Financial calendar TAKKT will publish the figures for the first nine months on October 25, 2018. IFRS figures for the TAKKT Group as of the end of H1 2018 (in EUR million) Q2 Q2 Change H1 H1 Change 2017 2018 in % 2017 2018 in % TAKKT Group sales 276.2 291.2 5.4 565.0 567.2 0.4 Organic growth 4.7 1.8 TAKKT EUROPE 138.4 159.5 15.2 289.6 319.5 10.3 Organic growth 5.9 3.2 TAKKT AMERICA 137.9 131.7 -4.4 275.6 247.9 -10.0 Organic growth 3.4 0.4 EBITDA 37.1 35.6 -4.0 82.0 69.0 -15.9 EBITDA margin (%) 13.4 12.2 14.5 12.2 EBIT 30.2 28.2 -6.6 68.1 54.9 -19.4 Earnings per share (in EUR) 0.28 0.30 7.1 0.64 0.58 -10.4 TAKKT cash flow 26.6 27.4 3.0 58.5 52.9 -9.6 TAKKT cash flow margin (%) 9.6 9.4 10.4 9.3 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 one million 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. The company is listed on the SDAX and Deutsche Börse Prime Standard. Contacts: Dr. Christian Warns Tel. +49 (0) 711 3465-8222 [IMAGE] Giuseppe Palmieri Tel. +49 (0) 711 3465-8250 [IMAGE] Email: investor@takkt.de --------------------------------------------------------------------------- 26.07.2018 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 --------------------------------------------------------------------------- Language: English Company: TAKKT AG Presselstr. 12 70191 Stuttgart Germany Phone: +49 (0)711 3465 80 Fax: +49 (0)711 3465 8104 E-mail: investor@takkt.de 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 --------------------------------------------------------------------------- 707989 26.07.2018


Die wichtigsten Finanzdaten auf einen Blick
  2012 2013 2014 2015 2016 2017 2018 2019e
Umsatzerlöse1 939,90 952,50 980,39 1.063,77 1.125,05 1.116,08 1.181,09 1.163,00
EBITDA1,2 133,70 122,80 137,33 157,32 171,26 150,32 150,07 139,60
EBITDA-Marge3 14,22 12,89 14,01 14,79 15,22 13,47 12,71 12,00
EBIT1,4 111,60 95,80 110,80 129,36 142,05 123,22 122,54 103,00
EBIT-Marge5 11,87 10,06 11,30 12,16 12,63 11,04 10,38 8,86
Jahresüberschuss1 67,00 52,50 65,66 81,03 91,38 96,35 88,08 79,00
Netto-Marge6 7,13 5,51 6,70 7,62 8,12 8,63 7,46 6,79
Cashflow1,7 92,70 83,40 101,22 87,28 116,68 100,38 99,42 94,00
Ergebnis je Aktie8 1,02 0,80 1,00 1.24 1,39 1,47 1,34 1,10
Dividende8 0,32 0,32 0,32 0,50 0,55 0,55 0,85 0,55
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2018 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Ebner Stolz

INVESTOR-INFORMATIONEN
©boersengefluester.de
Takkt
WKN Kurs in € Einschätzung Börsenwert in Mio. €
744600 11,640 Halten 763,70
KGV 2020e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
11,09 13,32 0,818 9,92
KBV KCV KUV EV/EBITDA
1,39 7,68 0,65 6,631
Dividende '18 in € Dividende '19e in € Div.-Rendite '18
in %
Hauptversammlung
0,85 0,55 7,30 15.05.2019
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
25.04.2019 25.07.2019 24.10.2019 28.03.2019
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-0,17% -10,93% -14,66% -20,71%
    
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Handel , 744600 , TTK , XETR:TTK