TAKKT AG / Development of Sales Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- The strong business decline in the fourth quarter of 2008 caused by the global financial and economic crisis has continued in the beginning of 2009 at TAKKT. On the basis of the figures for the months of January and February turnover of the Group has declined organically by about 30 percent compared to the respective figures of the prior year. The Management Board does not expect any change in this trend during the last month of the first quarter. The speed and the degree of the decline have lead to the fact that flexible instruments such as working hour accounts and variable compensation schemes are no longer sufficient to absorb the effects of this business decline. Therefore - as already communicated mid February - TAKKT is implementing further measures to adjust capacities and costs. Short-time working - which already has been introduced at several sites in Germany since the beginning of March - is one of these instruments. Due to the solid business model of TAKKT, the profitability of the Group and the implementation of the expansion plans for 2009 are not at risk even at the current weak turnover levels. The Management Board will provide a more detailed outlook for 2009 at the financial statements press conference on 25 March 2009. Contact: Georg Gayer, CEO T +49 711 34658-201 Dr Florian Funck, CFO T +49 711 34658-207 E-mail: investor@takkt.de 06.03.2009 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: TAKKT AG Presselstr. 12 70191 Stuttgart Deutschland Phone: +49 (0)711 346 58 -0 Fax: +49 (0)711 346 58 - 10 E-mail: investor@takkt.de Internet: www.takkt.de ISIN: DE0007446007 WKN: 744600 Indices: SDAX Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart; Freiverkehr in Berlin, Düsseldorf, München End of News DGAP News-Service ---------------------------------------------------------------------------
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TAKKT implements further capacity and cost adjustment measures due to continuing decline in demand
Your Contact
Michael Loch
Head of Investor Relations
michael.loch(at)takkt.de
Tel: +49 711 3465-8222
Head of Investor Relations
michael.loch(at)takkt.de
Tel: +49 711 3465-8222