TAKKT AG / Key word(s): Half Year Results/Quarter Results
TAKKT reports profitable growth in first half of 2015
- Gross profit margin decreased slightly to 42.9 (43.2) percent
- Increase of EBITDA margin to 15.5 (14.6) percent
- Earnings per share of EUR 0.64 (0.51)
- Acquisition of US direct marketing specialist Post-Up Stand; closing of transaction on April 1
- Acquisition of leading direct marketing specialist for business equipment BiGDUG in the UK; closing of transaction on July 2
In total, reported consolidated turnover increased by 7.4 percent to EUR 506.0 (471.3) million in the first half of 2015. In the second quarter, TAKKT grew organically by 5.5 percent compared to the previous year's quarter; at the same time, an increase of 9.0 percent in reported consolidated turnover to EUR 253.6 (232.7) million was seen.
At 42.9 (43.2) percent, the gross profit margin was slightly below the previous year's level. This decline was partly attributable to the higher share of TAKKT AMERICA in consolidated turnover. The absence of turnover from Topdeq and the Plant Equipment Group (PEG) had a positive effect since they had generated a significantly below-average gross profit margin in the previous yearʼs period. Earnings before interest, taxes, depreciation and amortization (EBITDA) came to EUR 78.4 (69.0) million in the first half of 2015 and the EBITDA margin increased to 15.5 (14.6) percent. The gain from the sale of the PEG had a positive one-time effect on the Group's profitability in the first half of the year. After adjusting for this gain, the EBITDA margin would have come to 14.8 percent. The TAKKT cash flow (defined as profit for the period plus depreciation and amortization, impairment of non-current assets and deferred taxes affecting profit and loss) amounted to EUR 59.1 (50.6) million in the first half of 2015.
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 Deutsche Börse Prime Standard.
2015-07-30 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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