28.03.2019 TAKKT AG  DE0007446007

DGAP-News: TAKKT AG: TAKKT expects slight organic growth in 2019 - continued focus on digital transformation and acquisitions


 

DGAP-News: TAKKT AG / Key word(s): Annual Results/Forecast
TAKKT AG: TAKKT expects slight organic growth in 2019 - continued focus on digital transformation and acquisitions

28.03.2019 / 07:30
The issuer is solely responsible for the content of this announcement.


P R E S S R E L E A S E

TAKKT expects slight organic growth in 2019 -
continued focus on digital transformation and acquisitions

- Reported sales in 2018 up 5.8 percent, organic growth of 3.4 percent

- EBITDA margin at 12.7 (13.5) percent

- Digital transformation driven forward, acquisition strategy developed further

- Investment in Bremen-based start-up Profishop

- Special dividend of EUR 0.30 per share proposed in addition to ordinary dividend of EUR 0.55 per share

- Organic growth expected for 2019

- CFO's contract extended for another five years

Stuttgart, Germany, March 28, 2019. "Despite the increasing political and economic uncertainty throughout the year, TAKKT achieved good growth in 2018," said Felix Zimmermann, CEO of TAKKT AG. Reported sales growth came to 5.8 percent, while sales grew organically by 3.4 percent. EBITDA remained constant at EUR 150.1 (150.3) million. The EBITDA margin of 12.7 (13.5) percent was slightly below the target corridor projected at the beginning of the year of 13 to 14 percent.

Digital transformation continued to be a key strategic focus for TAKKT in the year under review. More than 50 percent of the total order intake was generated via electronic channels for the first time. In addition, the approximately 100 positions created as part of the digital agenda have now been filled. The newport group, which was newly established at the beginning of 2018, developed favorably overall in the year under review. It allows the brands bundled there to have more autonomy in how they position themselves, making it possible to address relevant customer groups even more effectively and thus tap into significant growth potential.

In addition to implementing the digital transformation, the further development of the acquisition strategy was a key area of focus. The acquisition filter was expanded in connection with this. In the future, the services provided will generally extend far beyond the basic sales transaction and offer perceptible added value for customers. In addition, TAKKT AG will shape its role as a holding company even more actively and expand its activities in order to increase the value of the individual companies. Besides strategic management, these include the company's development, providing support for strategic initiatives, portfolio management, the selection of target markets and strategic personnel management. In particular, TAKKT sees great potential in the domains of operational excellence and data & analytics and will build small teams in both segments in order to support the divisions in these areas.

Another area of focus is the momentum from investments in start-ups. The most recent investment made was in the Bremen-based start-up Profishop. Established in 2012, the company is a high-growth B2B e-commerce platform for consumer goods and equipment for business, storage, industrial use and building services.

TAKKT has also achieved notable success in the area of sustainability. Receiving the German CSR Award 2018 in the category of "Environmental Commitment" is a great incentive for the company to vigorously pursue its ambitious sustainability goals. In the latest interim sustainability report, you can read about the progress made in defined focus areas and the goals set for 2020.

TAKKT wants its shareholders to participate in the success of the company through a consistent and reliable dividend stream. Based on the cash flow strength and comparatively high equity ratio as of the end of the reporting period, the Management and Supervisory Boards of TAKKT AG will propose to the Shareholders' Meeting in May 2019 that, in addition to the ordinary dividend of EUR 0.55, a special dividend of EUR 0.30 per share be paid for the past financial year. This would correspond to a payout ratio of 63.3 percent compared to the profit for the financial year attained in 2018.

For the current fiscal year, TAKKT expects an economic slowdown in Europe and North America. "We want to achieve slight organic sales growth in 2019. At the same time, we are preparing for a possible economic decline, in which scenario we would take countermeasures by adjusting costs," said CFO Claude Tomaszewski. The company acquisitions carried out in 2018 will make additional contributions to sales. In addition to organic growth, the Group will continue to grow through acquisitions. The EBITDA margin should fall within the long-term target corridor of 12 to 16 percent.

With regard to the composition of the Management Board, the Supervisory Board has extended the contract of Claude Tomaszewski by an additional five years until the end of October 2024. "I am glad to see this sign of stability and continuity and look forward to the continued positive and trusting collaboration," Felix Zimmermann said of the personnel news.

Key Figures for the TAKKT Group for the 2018 Financial Year
(in EUR million)

  2017 2018 Change in %
TAKKT Group sales 1,116.1 1,181.1 +5.8
Organic growth     +3.4
TAKKT EUROPE 575.0 651.8 +13.4
Organic growth     +4.1
TAKKT AMERICA 541.4 529.5 -2.2
Organic growth     +2.7
EBITDA 150.3 150.1 -0.1
EBITDA margin (%) 13.5 12.7  
EBIT 123.2 122.5 -0.6
EBIT margin (%) 11.0 10.4  
Earnings per share in EUR 1.47 1.34 -8.6
TAKKT cash flow 109.1 120.2 +10.2
TAKKT cash flow margin (%) 9.8 10.2  
Capital expenditure 27.8 25.0 -10.1
Non-current assets 692.6 758.6 +9.5
in % of total assets 74.6 73.1  
Total equity 567.8 630.4 +11.0
in % of total assets 61.2 60.8  
Net financial liabilities 135.2 150.8 +11.5
Employees (full-time equivalent) as of December 31 2,405 2,530 +5.2
 


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 2,500 employees. The company is listed on the SDAX and Deutsche Börse Prime Standard.

Contacts:
Dr. Christian Warns Tel. +49 (0) 711 3465-8222img
Giuseppe Palmieri Tel. +49 (0) 711 3465-8250img

Email: investor@takkt.de

 



28.03.2019 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.

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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
EQS News ID: 792197

 
End of News DGAP News Service

792197  28.03.2019 

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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 11,320 Halten 742,71
KGV 2020e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
10,78 13,32 0,818 9,92
KBV KCV KUV EV/EBITDA
1,35 7,47 0,63 6,491
Dividende '18 in € Dividende '19e in € Div.-Rendite '18
in %
Hauptversammlung
0,85 0,55 7,51 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
-2,67% -12,94% -17,01% -20,39%
    
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