DGAP-News: TAKKT AG / Key word(s): Preliminary Results
TAKKT with slight organic growth in challenging year 2017
Stuttgart, Germany, February 15, 2018. In the full year 2017, TAKKT achieved organic growth (adjusted for effects from acquisitions and disposals as well as currency fluctuations) of 0.4 percent. At EUR 1,116.1 (1,125.0) million, the Group generated slightly lower sales than in 2016 due to negative currency effects. In the final quarter, organic sales were almost at the same level as the previous year. With minus 0.1 percent it showed a similar development as in the first nine months of the year. Sales development in 2017 was thus in line with the forecast, which had been adjusted during the course of the year. While demand at TAKKT EUROPE increased over the previous year, various individual effects at TAKKT AMERICA (an uncertain market environment in food retail, the expiration of a framework agreement with a larger government customer and weaker project business) caused a decline in performance.
About TAKKT AG
|Phone:||+49 (0)711 3465 80|
|Fax:||+49 (0)711 3465 8104|
|Listed:||Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Tradegate Exchange|
|End of News||DGAP News Service|