TAKKT AG / Key word(s): Half Year Results
TAKKT remains on growth course in first half of 2014
Overall, TAKKT was able to increase its reported consolidated turnover in the first half of 2014 by 0.4 percent to EUR 471.3 (469.5) million. The difference between organic and reported consolidated turnover was primarily the result of currency effects as well as the planned dissolution of the Topdeq companies, which are not included in organic turnover. In the second quarter of 2014, TAKKT grew organically by 4.0 percent, while the reported figures revealed a slight drop of 0.4 percent in consolidated turnover to EUR 232.7 (233.6) million.
At 43.2 (44.0) percent, the gross profit margin in the first half of 2014 was lower than in the previous year. Adjusted for the contribution of the Topdeq companies, it would have been 43.4 percent during the reporting period following 43.8 percent in the first half of 2013. The TAKKT Group's most important earnings figure - earnings before interest, tax, depreciation and amortization (EBITDA) - amounted to EUR 69.0 (67.3) million in the first half of 2014, while the EBITDA margin increased to 14.6 (14.3) percent. The discontinuation of operations of the Topdeq companies had little material impact on the Group's profitability in the first half of 2014. 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 50.6 (47.7) million in the first half of 2014.
The TAKKT Group has some 2,500 employees and nearly three million customers worldwide. TAKKT AG is listed on the SDAX and since January 1, 2003 in the Prime Standard of the German stock exchange.
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