07.07.2020 TAKKT AG  DE0007446007

DGAP-News: TAKKT AG: TAKKT holds virtual Shareholders' Meeting for the first time; order intake development improved noticeably over the course of the second quarter


 

DGAP-News: TAKKT AG / Key word(s): AGM/EGM/Incoming Orders
TAKKT AG: TAKKT holds virtual Shareholders' Meeting for the first time; order intake development improved noticeably over the course of the second quarter

07.07.2020 / 14:27
The issuer is solely responsible for the content of this announcement.


TAKKT holds virtual Shareholders' Meeting for the first time; order intake development improved noticeably over the course of the second quarter

Stuttgart, Germany, July 07, 2020. To avoid direct contact and protect the health of participants, the TAKKT AG Shareholders' Meeting took place in a purely virtual format for the first time today. During the meeting, TAKKT CEO Felix Zimmermann spoke about the current development of the business. Organic order development in the second quarter was down around 20 percent compared to the previous year and therefore significantly better than at the beginning of the corona crisis in March and April. At the end of June, TAKKT successfully completed the sale of a property in the USA that resulted in a one-time gain of around USD 5 million before taxes.


The shareholders of TAKKT AG were able to follow today's Shareholders' Meeting live via the internet. On the agenda were resolutions on profit appropriation, discharge of the Management and Supervisory Boards, the selection of an auditor, the approval of a profit and loss transfer agreement, and amendments to the articles of association. All items on the agenda were ratified by a large majority. The Shareholders' Meeting also followed the proposal to forego payment of a dividend in the current year. Questions submitted by shareholders in advance related in particular to strategy, the new organizational structure, and the effects of, and measures involving, the corona pandemic. All questions submitted were answered during the meeting.

Felix Zimmermann made TAKKT 4.0 the focus of his speech. Through the new organizational structure, the Group wants to concentrate on two business models for two different types of customers. The main goals are a more customer-oriented structure, a more integrated organization, increased scalability of important functions, and ultimately, accelerated growth. Some initial measures connected with the new structure were started in the first half of the year. TAKKT anticipates that full implementation could take two to three years.

Zimmermann also reported on the past fiscal year, the start to 2020 and the challenges of the corona crisis. After the first phase of crisis management, the focus is now increasingly on identifying opportunities to develop new, additional business in the current environment.

Zimmermann also provided the shareholders with an insight into current business development. "We saw a significant improvement over the course of the second quarter. After a decline of about 30 percent in April, order intake recovered noticeably in May and June. In total, order intake in the second quarter was about 20 percent below the previous year." TAKKT profited from growing demand from companies preparing to restart operations; from good business with products that are needed due to the corona crisis (e.g. for health protection and hygiene); and from an increased number of customers ordering office furniture for their work at home.

At the end of June, TAKKT successfully completed the sale of a property in the USA. Office and warehouse space of Hubert were sold for around USD 25 million in the course of a sale and leaseback transaction. The result of this transaction was a one-time gain of around USD 5 million before taxes.

The half-year financial statement will be published on July 30.

About TAKKT AG
TAKKT is the leading B2B distance seller for business equipment in Europe and North America. The Group focuses on two business models - Omnichannel and Web-focused Commerce. The Omnichannel Commerce segment addresses corporate customers with complex requirements over numerous contact points and with a wide range of services. The Web-focused Commerce segment concentrates its offers primarily via web shops on the less complex requirements of more price-conscious B2B customers. The product range of the subsidiaries comprises more than a million products for the areas of plant and warehouse equipment, office furniture, transport packaging, display articles and equipment for the food service industry, hotel market and retailers. The TAKKT Group is represented with its brands in more than 25 countries and employs approximately 2,500 people. The company is listed on the SDAX and Deutsche Börse Prime Standard.

Contacts:
Michael Loch Tel. +49 711 3465-8222
Benjamin Bühler Tel. +49 711 3465-8223
Email: [email protected]



07.07.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: TAKKT AG
Presselstr. 12
70191 Stuttgart
Germany
Phone: +49 (0)711 3465 80
Fax: +49 (0)711 3465 8104
E-mail: [email protected]
Internet: www.takkt.de
ISIN: DE0007446007
WKN: 744600
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Tradegate Exchange
EQS News ID: 1088351

 
End of News DGAP News Service

1088351  07.07.2020 

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Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 1.125,05 1.116,08 1.181,09 1.213,67 1.067,43 1.177,97 1.235,00
EBITDA1,2 171,26 150,32 150,07 150,17 92,58 112,64 122,00
EBITDA-Marge3 15,22 13,47 12,71 12,37 8,67 9,56 9,88
EBIT1,4 142,05 123,22 122,54 108,81 52,38 73,92 83,00
EBIT-Marge5 12,63 11,04 10,38 8,97 4,91 6,28 6,72
Jahresüberschuss1 91,38 96,35 88,08 74,69 37,23 57,03 60,40
Netto-Marge6 8,12 8,63 7,46 6,15 3,49 4,84 4,89
Cashflow1,7 116,68 100,38 99,42 130,79 120,52 56,32 80,00
Ergebnis je Aktie8 1,39 1,47 1,34 1,14 0,57 0,87 0,91
Dividende8 0,55 0,55 0,85 0,00 1,10 1,10 0,60
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2021 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Ebner Stolz

INVESTOR-INFORMATIONEN
©boersengefluester.de
Takkt
WKN Kurs in € Einschätzung Börsenwert in Mio. €
744600 15,180 Kaufen 995,96
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
14,46 14,78 0,98 14,15
KBV KCV KUV EV/EBITDA
1,60 17,68 0,85 10,46
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
Hauptversammlung
1,10 1,10 7,25 18.05.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
28.04.2022 28.07.2022 25.10.2022 30.03.2022
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-0,99% 1,39% -1,17% 8,74%
    
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Handel , 744600 , TTK , XETR:TTK