09.01.2019 TAKKT AG  DE0007446007

DGAP-News: TAKKT AG: TAKKT resolves repositioning of the Hubert Group


 

DGAP-News: TAKKT AG / Key word(s): Strategic Company Decision
TAKKT AG: TAKKT resolves repositioning of the Hubert Group

09.01.2019 / 17:06
The issuer is solely responsible for the content of this announcement.


TAKKT resolves repositioning of the Hubert Group

Stuttgart, Germany, January 9, 2019. The Hubert Group, headquartered in Harrison, Ohio, USA, has recorded a decline in sales for several quarters, with a steady improvement over the course of 2018. Following the closing of Hubert's European activities in the second half of 2018, the TAKKT Management Board has now decided on a repositioning of Hubert's US business and a focus on more attractive customer groups. The frame contract with a major customer will expire at the end of February 2019.


Hubert is part of the TAKKT AMERICA segment and distributes visual merchandising products as well as supplies and equipment for the food service and food retail industries. In particular in the area of ​​food service, Hubert was able to achieve good and profitable growth with some major customers over the past two decades, but this has also led to increasing dependency and a more volatile business. For several quarters, business with these customers has been under pressure and became less and less attractive and profitable. For this reason, the TAKKT Management Board has decided on a repositioning of Hubert. The aim of the repositioning is to reduce the dependency on the low-margin volume business and to focus on Hubert's core competencies in visual merchandising.

As a result, the relationship with one of the major customers ends on February 28, 2019. The termination of this frame contract will cause a short-term reduction in sales and earnings at Hubert until business with new customers replaces this volume. Hubert has generated sales of just under 30 million US dollars with this major customer in 2018. Even without this business volume, the Hubert group will continue to be profitable and achieve an almost double-digit EBITDA margin. "The repositioning aims to reduce the dependency on a few major customers and the related volatility at Hubert and to put a greater focus on more attractive customer groups," explains TAKKT CEO Felix Zimmermann. "Initial measures taken in 2018 show encouraging results."

TAKKT will publish its preliminary figures and a dividend proposal for the past financial year on February 21, 2019.


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
Giuseppe Palmieri Tel. +49 (0) 711 3465-8250
Email: investor@takkt.de



09.01.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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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

764793  09.01.2019 

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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 11,540 Halten 757,14
KGV 2020e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
10,99 13,32 0,810 9,92
KBV KCV KUV EV/EBITDA
1,38 7,62 0,64 6,587
Dividende '18 in € Dividende '19e in € Div.-Rendite '18
in %
Hauptversammlung
0,85 0,55 7,37 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
-0,74% -11,04% -15,40% -20,41%
    
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Handel , 744600 , TTK , XETR:TTK