DGAP-News: TAKKT AG / Key word(s): Half Year Results
TAKKT expects improvement in the second half-year - Outlook confirmed
Stuttgart, Germany, July 27, 2017. After a good first quarter, business was weaker in the second quarter of 2017. Group sales decreased by 1.5 percent to EUR 276.2 (280.4) million. In organic terms, i.e., adjusted for currency effects, the decrease amounted to 2.3 percent. The growth rate was expected to decline in the second quarter due to a negative effect from the number of working days and a very strong quarter in the previous year. Business development failed to meet these expectations, however, mainly due to declining momentum in the USA. The MEG in particular saw a weaker level of demand and had to report a double-digit drop in sales.
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