DGAP-News: TAKKT AG / Key word(s): AGM/EGM/Dividend TAKKT Shareholders' Meeting approves dividend increase to 55 cents per share Ludwigsburg/Stuttgart, Germany, May 10, 2017. The shareholders of TAKKT AG today approved the distribution of dividends equal to EUR 36.1 million. This corresponds to a payout ratio of 39.5 percent. The Supervisory Board was elected as scheduled. Further, the Supervisory Board renewed the contract of TAKKT CEO Felix Zimmermann. The Shareholders' Meeting approved all of the items on the agenda with a large majority. This included the payment of a dividend with a total value of EUR 0.55 per share. The dividend is thus ten percent higher than that of the previous year. Relative to the profit for the period, this resulted in a payout ratio of 39.5 percent. The dividend will be distributed on May 15. The Supervisory Board was elected as scheduled. Five of the previous members were confirmed in their positions. Christian Wendler, CEO of Lenze SE, was newly elected to the Supervisory Board as a replacement for Prof. Dr. Arnold Picot, who is leaving the Board for age reasons. TAKKT CEO Felix Zimmermann thanked Prof. Picot for his many years of service and exceptional work on the Supervisory Board. The Management Board reported on the successful economic development during the 2016 financial year. The organic growth in sales of 5.2 percent was slightly higher than had been forecast at the beginning of the year 2016. The EBITDA margin was slightly above the target corridor at 15.2 percent, although it had been positively influenced by one-time gains. The adjusted margin was 14.5 percent. At the strategic level, completion of the DYNAMIC growth and modernization initiative and the creation of the digital agenda shaped the financial year. As part of this digital agenda, TAKKT developed a Vision 2020 with the goal of doubling e-commerce business, changing the organization sustainably, investing in employees and technologies, and increasing organic sales in the medium term. "We were able to continue on our profitable path of development in 2016 once again," said Zimmermann. "We have also kicked off an initiative - the digital agenda - whose implementation is of the highest priority in the coming years." TAKKT continues to anticipate organic sales growth of two to five percent for 2017 as a whole. There are still economic and trade policy risks at play, with regard to Brexit or the possibility of the US introducing import duties. "Right now, implementation of the projects and measures that comprise our digital agenda has the highest priority. We are making good progress here and have had positive experiences in implementing the agenda so far. As expected, the expenses connected with this will affect our EBITDA margin in the current year. Because of this, we anticipate profitability in the middle of the target corridor of 12 to 15 percent for 2017," Zimmermann explained. At today's Supervisory Board meeting, the Board extended the contract of Felix Zimmermann for a further five years until the end of April 2023.
Contacts: Email: investor@takkt.de
10.05.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | TAKKT AG |
Presselstr. 12 | |
70191 Stuttgart | |
Germany | |
Phone: | +49 (0)711 346 58 -0 |
Fax: | +49 (0)711 346 58 - 10 |
E-mail: | investor@takkt.de |
Internet: | www.takkt.de |
ISIN: | DE0007446007 |
WKN: | 744600 |
Indices: | SDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Tradegate Exchange |
End of News | DGAP News Service |