TAKKT AG: TAKKT adjusts Topdeq's goodwill by EUR 12.9 million and has initiated repositioning of the group; 2010 guidance slightly raised

TAKKT AG  / Key word(s): Miscellaneous

15.12.2010 12:48

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As the performance of the Topdeq group has continued to develop negatively
even after the phase-out of the economic crisis in 2010, TAKKT will
completely write off the group's goodwill amounting to EUR 12.9 million in
the fourth quarter. This non-cash item accordingly reduces all earnings
figures of the TAKKT Group below the EBITDA. The Group's equity ratio will
be at around 45 percent even after the goodwill amortisation.

In the third quarter of 2010, TAKKT has initiated a project for
repositioning the Topdeq brand. This includes measures in the areas of
assortment, services and advertising. Even after the adjustment, TAKKT
considers the Topdeq group as an important component of the TAKKT portfolio
with positive prospects for the development of turnover as well as profit.

The goodwill impairment has no effect on the dividend policy or the outlook
for the year 2010: The TAKKT Management Board still aims at proposing a
dividend amounting to the previous year's value to the Supervisory Board
and the Annual General Meeting. The Management Board now assumes organic
turnover growth of around four percent for the financial year 2010 due to
the still positive economic dynamics in Europe and North America. Against
this background, the Management Board assumes that an EBITDA margin of
slightly over twelve percent can be reached. Thereby, it will be within the
long-term target corridor of twelve to 15 percent again.

TAKKT AG, Dr. Florian Funck, CFO, Phone: +49 711 3465 8207; 
TAKKT AG, Stefan Wehmeyer, Director Corporate Legal, Phone: +49 711 3465

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Language:     English
Company:      TAKKT AG
              Presselstr. 12
              70191 Stuttgart
Phone:        +49 (0)711 346 58 -0
Fax:          +49 (0)711 346 58 - 10
E-mail:       investor@takkt.de
Internet:     www.takkt.de
ISIN:         DE0007446007
WKN:          744600
Indices:      SDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;
              Freiverkehr in Berlin, Düsseldorf, München
End of Announcement                             DGAP News-Service

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