DGAP-News: TAKKT AG / Key word(s): Final Results/Dividend
Financial year 2015 concluded successfully - Higher dividend proposed
Stuttgart, Germany, March 17, 2016. "For the first time in the history of the company, we sold more than one billion euros in goods in one year. This is a milestone that we are proud of. While Europe showed a slight improvement over the course of the year, we were able to continue the previous year's good performance in North America with strong growth," noted Felix Zimmermann, CEO of TAKKT AG. For TAKKT, the 2015 financial year was once again characterized by varying momentum in the core markets of Europe and North America. In Europe, however, business development was affected, in particular, by the weak performance in Switzerland. With Post-Up Stand in the US and BiGDUG in the UK, two smaller companies were acquired. At the same time, the Plant Equipment Group (PEG) was sold. TAKKT was able to achieve an organic (i.e. adjusted for currency, disposal and acquisition effects) increase in Group sales of 4.7 percent compared to the previous year. Reported sales of EUR 1,063.8 (previous year: 980.4) million were 8.5 percent higher than in the previous year.
EBITDA margin once again within upper third of target corridor
TAKKT EUROPE: Subdued development in both divisions
TAKKT AMERICA: Above-average sales growth
The Specialties Group (SPG) recorded organic sales growth in the low double-digit percentage range. Particularly notable was the very dynamic growth of Central, specialist supplier for the restaurant industry. The Office Equipment Group (OEG) achieved even higher organic sales growth than the SPG. In 2015, the division benefited from the good business with government customers and even more so because of the high demand from private companies.
In the TAKKT AMERICA segment, EBITDA increased by 44.9 percent to EUR 68.9 (47.6) million. The EBITDA margin of the TAKKT AMERICA segment rose to 13.1 (10.3) percent. After adjusting for the positive effect from the deconsolidation of PEG, the EBITDA margin would have amounted to 12.5 percent. Besides the good business performance and the sale of the less profitable PEG business, the acquisition of Post-Up Stand also had a positive effect because the new US company realizes an above-average EBITDA margin.
Sustainability report meets highest standards
Increase in dividend to EUR 0.50 per share proposed
CFO Claude Tomaszewski explains: "The dividend proposal follows the amended dividend policy announced in February, which provides for a payout ratio of between 35 and 45 percent of the profit. This change reflects our desire for our shareholders to participate even more in TAKKT's success."
Appointment of Dirk Lessing renewed
Outlook: Positive sales and earnings development expected
IFRS figures for the TAKKT Group for the 2015 financial year
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.
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|Listed:||Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Munich|
|End of News||DGAP News Service|