TAKKT AG: Shareholders' Meeting Approves Unchanged Dividend of 55 Cents per Share

DGAP-News: TAKKT AG / Key word(s): AGM/EGM/Dividend

08.05.2018 / 13:30
The issuer is solely responsible for the content of this announcement.

Shareholders' Meeting Approves Unchanged Dividend of 55 Cents per Share

Ludwigsburg/Stuttgart, Germany, May 8, 2018. The shareholders of TAKKT AG today approved the payment of an unchanged dividend totaling EUR 36.1 million. This corresponds to a payout ratio of 37.5 percent. Adjusted for a non-cash one-time gain from the US tax reform, the payout ratio would have been 46.3 percent.

At the Shareholders' Meeting held today in Ludwigsburg, items on the agenda included decisions on profit appropriation, the discharge of the Management Board and Supervisory Board and the selection of the auditor. Shareholders gave their approval for all agenda items with a large majority.

TAKKT CEO Felix Zimmermann informed attendees of the Shareholders' Meeting about the challenging business development in the 2017 financial year. Organic growth at 0.4 percent was below the original expectations due to weak demand in individual relevant markets in the US. Despite the low level of growth, TAKKT achieved an EBITDA margin at the projected level of 13.5 percent. In addition to the figures for the 2017 financial year, progress on the implementation of the digital agenda was also addressed. "All in all, we've made good progress with our digital agenda. For the first time, we have generated more orders via digital channels rather than traditional channels, with more than 50 percent of order intake through e-commerce. We see this as motivation to continue to push digitalization in the company," said Zimmermann.

TAKKT expects organic growth of between two and four percent for the 2018 financial year. The EBITDA margin should come in in the middle third of the target corridor of 12 to 15 percent. "In addition to organic growth, our low level of debt and solid balance sheet leave enough room for acquisitions," explained CFO Claude Tomaszewski.

TAKKT is the leading B2B direct marketing specialist for business equipment in Europe and North America. The Group is represented with its brands in more than 25 countries. The product range of the subsidiaries comprises more than one million products for the areas of plant and warehouse equipment, office furniture, transport packaging, display articles and equipment for the food service industry, hotel market and retailers. The TAKKT Group has over 2,000 employees. The company is listed on the SDAX and Deutsche Börse Prime Standard.

Dr. Christian Warns Tel. +49 (0) 711 3465-8222
Giuseppe Palmieri Tel. +49 (0) 711 3465-8250

Email: investor@takkt.de

08.05.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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