TAKKT AG / Key word(s): Interim Report
TAKKT reports turnover and earnings growth in the first quarter of 2014
The gross profit margin was 43.9 (44.4) percent. Earnings before interest, taxes, depreciation and amortization (EBITDA) improved to EUR 37.4 (36.9) million. This corresponds to an improved EBITDA margin of 15.7 (15.6) percent. The TAKKT cash flow - defined as the result for the period plus depreciation and amortization, impairment of non-current assets and deferred taxes affecting profit and loss - amounted to EUR 26.5 (26.0) million in the first quarter. At the division level, TAKKT EUROPE organically performed somewhat better than TAKKT AMERICA. Felix Zimmermann, CEO of TAKKT AG, commented: "The positive start to the 2014 financial year is encouraging. In the first quarter, we managed to achieve decent organic turnover growth at the Group level and slightly improved our profitability. The main drivers were higher order numbers and a rise in average order values for both divisions of the TAKKT Group."
TAKKT EUROPE: Economic environment supports positive performance
About TAKKT AG
The TAKKT Group has over 2,500 employees and more than three million customers worldwide. TAKKT AG is listed on the SDAX and has been in the Deutsche Boerse Prime Standard since January 1, 2003.
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|Phone:||+49 (0)711 346 58 -0|
|Fax:||+49 (0)711 346 58 - 10|
|Listed:||Regulierter Markt in Frankfurt (Prime Standard), Stuttgart; Freiverkehr in Berlin, Düsseldorf, München|
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