TAKKT AG / Key word(s): Change in Forecast 18.10.2013 14:56 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- The business performance of the TAKKT Group in the third quarter developed better than in the 2nd quarter, but weaker than expected. Reasons for this are the ongoing weak business with the US federal government as well as a slower recovery of the European economy than assumed. Organic, i.e. adjusted for currency and acquisition effects, turnover increased by 0.1% in the third quarter compared to previous year's period. At the same time, the EBITDA margin amounted to 14.8% (15.2% in previous year's period). As a result, TAKKT now expects an organic turnover growth of about -3% for the financial year 2013. Including acquisition effects TAKKT will presumably report a currency adjusted growth of about +3%. Furthermore, the TAKKT management intends to phase-out the operating business of Topdeq group due to their ongoing loss-making situation. Thus, additional one-off costs in the amount of c.6 to 8m EUR are expected to incur. Thereof, about two third of the costs will fall into 2013. The cash-outflow for the phase-out is estimated to amount to c.1 to 2m EUR in 2013 and 2014 in total. All in all, the TAKKT management expects an EBITDA margin including the additional one-off costs of about 13% for financial year 2013, assuming constant exchange rates until year end. The EBITDA margin will therefore stay in the target corridor of 12 to 15%. Additional comments regarding the business performance in the 3rd quarter will be given by the TAKKT management in the planned conference call regarding 3rd quarter results scheduled on October 31, 2013. 18.10.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: TAKKT AG Presselstr. 12 70191 Stuttgart Germany 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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TAKKT AG: TAKKT adjusts outlook for 2013 / Phase-out of Topdeq operating business planned
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Michael Loch
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Head of Investor Relations
michael.loch(at)takkt.de
Tel: +49 711 3465-8222