TAKKT AG: TAKKT re-organizes its Group and management structures

TAKKT AG / Key word(s): Strategic Company Decision
TAKKT AG: TAKKT re-organizes its Group and management structures

11-Nov-2019 / 18:26 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

TAKKT re-organizes its Group and management structures

Today, the Supervisory Board and Management Board of TAKKT AG approved a new organizational approach named TAKKT 4.0. A core element of TAKKT 4.0 is a transformation of the organization with a focus on two business models and a new management structure. This is expected to provide the basis for additional growth.

TAKKT 4.0 is based on three elements:

  1. Focusing with two business models on two customer types: The quality- and service-oriented versus the more price-conscious business customer. With this new focus, TAKKT wants to reduce complexity in the Group and best serve the different customer needs.
  2. Transforming the organization to allocate management responsibilities and functions at the relevant level, to create room for entrepreneurial spirit and to improve the scalability within the two business models. In addition, acquisitions can be integrated more easily within the future organizational set-up.
  3. Strengthening operational excellence to intensify the implementation of 'best practice' approaches and continuous improvement processes.

TAKKT will now focus on two business models in B2B distance selling: Omnichannel Commerce and Web-focused Commerce. TAKKT is thus aligning itself more consistently than before to two different customer types. While the Omnichannel Commerce segment tailors its products and services to the needs of quality- and service-oriented customers, the Web-focused Commerce segment addresses the more price-conscious customers. Both customer groups have very different requirements, which can best be met by separate business models that are focused on these needs. The former KAISER+KRAFT, ratioform and NBF divisions will be part of the Omnichannel Commerce segment. Newport and Displays2go are assigned to the Web-focused Commerce segment. Hubert and Central will initially belong to the Omnichannel Commerce segment. However, both businesses are currently pursuing a slightly different business model than the other three omnichannel businesses. TAKKT is therefore currently exploring various strategic options for these two divisions. Hubert and Central will generate around 20 percent of Group sales in 2019.

As part of the organizational transformation, the respective segments will integrate business model specific functions and will get significantly more leeway in decision-making. The heads of the two segments will also be members of the TAKKT Management Board. While Heiko Hegwein will take over responsibility for the Omnichannel Commerce segment, TAKKT has started the search for a fourth member of the Management Board to lead the Web-focused Commerce segment.

TAKKT expects a more customer-oriented setup from the organizational transformation, quicker decision-making processes, a clearer and more distinct market positioning for the two business models, and ultimately accelerated growth.

The Group's transformation will be implemented step-by-step and is expected to take two to three years. In the Omnichannel Commerce segment, the initial focus is on preparing the individual businesses for integration into the segment. The development of the Web-focused Commerce segment will start immediately after the appointment of the new member of the Management Board. TAKKT 4.0 builds on the strategic digital transformation initiative, which has already taken the first steps towards organizational change.

Dr. Christian Warns
Vice President Treasury/Investor Relations
Presselstr. 12
70191 Stuttgart
+49 711 3465 8222

11-Nov-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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