Press Releases

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

03/28/2019

  • 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.

Here you will find the complete press release.