DGAP-News: TAKKT AG / Key word(s): 9-month figures/Quarter Results
TAKKT grows organically and through acquisitions
- TAKKT grows organically by 4.6 percent in first nine months of 2015, reported turnover increases by 8.6 percent
- Gross profit margin at 42.6 (42.8) percent
- EBITDA margin increased to 15.0 (14.5) percent
- Earnings per share of EUR 0.94 (0.78)
- Acquired companies Post-Up Stand and BiGDUG make first contribution to turnover in reporting period
TAKKT was able to increase consolidated turnover by 8.6 percent to EUR 788.6 (726.1) million in the first nine months of 2015. In the third quarter, reported consolidated turnover increased by 10.9 percent to EUR 282.7 (254.8) million; at the same time, TAKKT grew organically by 4.6 percent compared to the previous year's quarter.
Felix Zimmermann, CEO of TAKKT AG, comments on the figures: "We are pleased by the good growth in the first nine months of the year. Along with good organic growth, other drivers of this development were the acquisitions of Post-Up Stand and BiGDUG, which contributed to the Groupʼs consolidated turnover for the first time in the previous quarters. We are well on our way to achieving the target goals that we set for ourselves for the current year."
At 42.6 (42.8) percent, the gross profit margin of the TAKKT Group was slightly below the previous year's level. This decline was partly attributable to TAKKT AMERICA's higher share of consolidated turnover due to the fact that its companies earn a structurally lower gross profit margin. Another contributing factor was the currency rebates in Switzerland. On the other hand, the phase-out of Topdeq and the sale of the Plant Equipment Group (PEG) had a positive effect on the gross profit margin.
Earnings before interest, taxes, depreciation and amortization (EBITDA) of EUR 118.6 (105.2) million in the first nine months of 2015 represent an increase of 12.7 percent over the previous year, and the EBITDA margin of 15.0 (14.5) percent was also considerably higher compared to the previous year. Of note here is the one-off positive contribution to earnings of EUR 3.3 million, resulting from the deconsolidation of PEG. Without this one-off gain, the EBITDA margin would have come to 14.6 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 a considerably higher EUR 86.8 (75.0) million in the nine-month period.
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.
2015-10-29 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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