TAKKT AG / Key word(s): AGM/EGM/Dividend
TAKKT Shareholders' Meeting approves unchanged dividend of EUR 0.32 per share - outlook for 2015 financial year confirmed
Ludwigsburg/Stuttgart, Germany, May 06, 2015. The Shareholders' Meeting of TAKKT AG today approved the payment of an unchanged dividend of EUR 0.32 per share which corresponds to a total distribution of EUR 21 million. The payout ratio for 2014 amounts to 32.0 percent of the profit for the period of EUR 65.7 million.
The Shareholders' Meeting also ratified the other items of the agenda by a large majority. This included the election of Dr. Dorothee Ritz, Senior Director Business Strategy at Microsoft International, Unterschleißheim, to the Supervisory Board of TAKKT AG. Dr. Ritz was appointed member of the Supervisory Board by resolution of the Stuttgart local court effective October 13, 2014. She succeeds Prof. Dr. Klaus Trützschler, who stepped down from his post effective June 30, 2014.
In addition, TAKKT was able to report a successful 2014 financial year at the Shareholders' Meeting. Consolidated turnover increased organically by 5.5 percent and the EBITDA margin of 14.0 percent was in the upper range of the target corridor of 12 to 15 percent. TAKKT could thus exceed the guidance stated in the 2013 annual report. "Even though a certain slowdown of the European economy could be felt during the course of the year, we were able to show positive figures in the 2014 financial year," explains CEO Felix Zimmermann.
The start to the 2015 financial year was also favorable for TAKKT. Zimmermann comments: "As expected, the year got off to a rather cautious start in Europe. At the same time, the early indicators that are relevant for us point to increasing recovery during the course of the year. Our North American business developed very positively from the beginning." After the first quarter of 2015, TAKKT continues to anticipate a performance in line with the most likely scenario presented in the 2014 annual report. TAKKT anticipates an improvement in GDP growth rates relative to 2014. "Based on this, we expect organic turnover growth for 2015 of between three and five percent and an EBITDA margin at the upper end of our self-imposed corridor of 12 to 15 percent," says Zimmermann.
About TAKKT AG
The TAKKT Group has over 2,000 employees and just under three million customers worldwide. The company is listed on the SDAX and the Deutsche Boerse Prime Standard.
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