DGAP-News: TAKKT AG
/ Key word(s): Quarter Results
Strong growth at the end of the first quarter should continue in the months ahead
Stuttgart, Germany, April 29, 2021. After the expected subdued start to the 2021 fiscal year, TAKKT generated low double-digit organic sales growth in March. Order intake performed significantly better than sales in the first quarter, increasing slightly compared to the previous year. In March, it nearly reached the level of 2019. "In some business areas, supply chains are currently at capacity, which is partially having an impact on product availability. The difference between order intake and realized sales is thus temporarily much higher than usual", explains CFO Claude Tomaszewski. Overall, the Group continued the performance of the previous quarter in the first three months of the year. Organic sales development was minus 3.3 percent and thus slightly better than in the last quarter 2020 (minus 3.6 percent). Reported sales of EUR 266.4 (285.0) million were 6.5 percent below the level of the previous year. Currency effects had a negative impact of 3.2 percentage points.
About TAKKT AG
29.04.2021 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, Hamburg, Hanover, Munich, Tradegate Exchange|
|EQS News ID:||1190241|
|End of News||DGAP News Service|