DGAP-News: TAKKT AG / Key word(s): Half Year Results
As expected, TAKKT is feeling a weaker economy in the second quarter
Stuttgart, Germany, July 25, 2019. In the second quarter, TAKKT increased sales from the previous year by 3.6 percent to EUR 301.8 (291.2) million. The Group benefited from the contributions of acquisitions and positive currency effects. As expected, organic growth subsided in the second quarter after the good start to the year. "The demand of individual customer groups in Europe weakened noticeably over the course of this year," explained TAKKT CEO Felix Zimmermann. While in Europe the further economic slowdown and fewer working days harmed business development, in the US the expected termination of the business relationship with a major Hubert customer reduced the Group's growth rate by around one-and-a-half percentage points. Consequently, organic growth was slightly negative at minus 0.7 percent.
About TAKKT AG
25.07.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group 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|
|EQS News ID:||846487|
|End of News||DGAP News Service|