DGAP-News: TAKKT AG / Key word(s): Half Year Results
Strong organic growth for TAKKT in the first half-year
Stuttgart, Germany, July 28, 2016. In the first half-year of 2016, TAKKT built on the success of the 2015 financial year. The Group grew organically by 7.8 percent (e.g., adjusted for currency, acquisition and divestment effects). Felix Zimmermann, CEO of TAKKT AG, elaborates, "As expected, American activities experienced robust growth. But we were also able to perform quite well in Europe in the second quarter." Reported Group sales increased by 9.5 percent to EUR 554.2 (506.0) million in the first half-year of 2016. In the second quarter, TAKKT generated 10.6 percent higher Group sales of EUR 280.4 (253.6) million, while organic growth amounted to 9.9 percent.
The gross profit margin was slightly above the level of the previous year at 43.4 (42.9) percent. Earnings before interest, taxes, depreciation and amortization (EBITDA) increased to EUR 95.3 (78.4) million in the first half of 2016, and the EBITDA margin increased to 17.2 (15.5) percent. Positive one-time effects contributed to this figure in both periods. Adjusted for these effects, profitability was at 15.8 (14.8) percent. In the first six months, TAKKT achieved a very positive TAKKT cash flow (defined as the profit for the period plus depreciation and amortization, impairment of non-current assets and deferred taxes affecting profit and loss), amounting to EUR 69.1 (59.1) million.
TAKKT EUROPE: Uptick in growth in the second quarter
TAKKT AMERICA: Continued good performance
Outlook: TAKKT confirms forecast
IFRS figures for TAKKT Group to the end of H1 2016:
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.
|Phone:||+49 (0)711 346 58 -0|
|Fax:||+49 (0)711 346 58 - 10|
|Listed:||Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Tradegate Exchange|
|End of News||DGAP News Service|