DGAP-News: TAKKT AG / Key word(s): Half Year Results
P R E S S R E L E A S E
In the first half of the year, sales increased 0.4 percent to EUR 567.2 (565.0) million. The aforementioned acquisitions contributed to growth with a total of 4.5 percentage points, while negative currency effects caused a decrease of 5.9 percentage points. Organic sales growth was 1.8 percent. In the first half of 2018, the EBITDA margin of 12.2 (14.5) percent was considerably below the level of the previous year due to restrained growth, increased freight costs and planned higher expenditures for the implementation of the digital agenda.
For the second half of the year, TAKKT assumes a continuation of the improved growth from the second quarter and confirms the forecast of organic growth between two and four percent for 2018. At the same time, the TAKKT Management expects an increase in profitability for the second half of the year. CFO Claude Tomaszewski explains: "From today's perspective, we expect a good growth dynamic in the second half of the year. In order to increase profitability, we also review our costs and will to some extent adjust our prices as a result of the increased freight costs." The Group anticipates an EBITDA margin at the lower end of the corridor of the 13 to 14 percent projected at the beginning of the year. Depending on the further course of the trade conflicts that are increasing worldwide, an EBITDA margin of slightly under 13.0 percent cannot be entirely excluded.
Conference call: July 26, 2018, at 3:00 p.m. (CEST).
About TAKKT AG
|Phone:||+49 (0)711 3465 80|
|Fax:||+49 (0)711 3465 8104|
|Listed:||Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Tradegate Exchange|
|End of News||DGAP News Service|