DGAP-News: TAKKT AG
/ Key word(s): Preliminary Results/Dividend
TAKKT finishes the challenging financial year 2019 in line with expectations and proposes an increased dividend
Stuttgart, Germany, February 19, 2020. TAKKT increased sales in the year under review by 2.8 percent to EUR 1,214 (1,181) million, benefiting from contributions of acquisitions and positive currency effects. The phase-out of Hubert's European activities conversely had a slight negative impact. Organically (i.e., adjusted for these effects), sales decreased by 1.4 percent in comparison to the previous year. In Europe, the downturn of the business environment had an adverse effect on growth. In the U.S., the termination of a business relationship with a major Hubert customer had a negative impact of around 1.5 percentage points on the Group's organic growth, as expected. "Without the loss of the major Hubert customer, we would have been able to report slight organic growth in 2019. In view of the challenging conditions, this is a result in line with expectations," says CEO Felix Zimmermann.
About TAKKT AG
19.02.2020 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:||978327|
|End of News||DGAP News Service|