At the Shareholders' Meeting held today in Ludwigsburg, items on the agenda included decisions on profit appropriation, the discharge of the Management Board and Supervisory Board and the selection of the auditor. Shareholders gave their approval for all agenda items with a large majority.
TAKKT CEO Felix Zimmermann informed attendees of the Shareholders' Meeting about the challenging business development in the 2017 financial year. Organic growth at 0.4 percent was below the original expectations due to weak demand in individual relevant markets in the US. Despite the low level of growth, TAKKT achieved an EBITDA margin at the projected level of 13.5 percent. In addition to the figures for the 2017 financial year, progress on the implementation of the digital agenda was also addressed. "All in all, we've made good progress with our digital agenda. For the first time, we have generated more orders via digital channels rather than traditional channels, with more than 50 percent of order intake through e-commerce. We see this as motivation to continue to push digitalization in the company," said Zimmermann.
TAKKT expects organic growth of between two and four percent for the 2018 financial year. The EBITDA margin should come in in the middle third of the target corridor of 12 to 15 percent. "In addition to organic growth, our low level of debt and solid balance sheet leave enough room for acquisitions," explained CFO Claude Tomaszewski.