DGAP-News: TAKKT AG / Key word(s): Quarterly / Interim Statement/9-month figures
TAKKT shows strong growth in sales and earnings in the third quarter; profitability significantly improved compared to the first half of the year
Stuttgart, Germany, October 25, 2018. In the third quarter, TAKKT experienced good growth and was able to build on the positive development of the second quarter. Sales were 10.8 percent higher than in the previous year's period, at EUR 310.7 (280.4) million. Both good organic growth of 5.0 percent and contributions from acquisitions of 6.1 percentage points contributed to this. Unlike in the first half of the year, currency effects only had a minor negative impact (minus 0.3 percentage points). "With the good development shown in the third quarter, we are on track to reach our forecast for 2018," says Felix Zimmermann, CEO of TAKKT AG. The TAKKT EUROPE segment achieved organic growth of 6.1 percent, while TAKKT AMERICA recorded organic growth of 4.0 percent. In Europe, all divisions saw favorable growth; both the Ratioform group and the newport group, which was newly established at the beginning of the year, achieved nearly double-digit organic growth. In the United States, all divisions, with the exception of the Hubert group, witnessed solid to very good growth. The NBF group experienced double-digit growth. Business at Hubert decreased by mid-single-digits, showing slight improvement over the previous two quarters. In the first nine months of the year, the overall organic growth of the Group came to 2.9 percent.
IFRS figures for the TAKKT Group as of the end of the third quarter 2018
About TAKKT AG
25.10.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Phone:||+49 (0)711 3465 80|
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|Listed:||Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Tradegate Exchange|
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