24.02.2022 TAKKT AG  DE0007446007

DGAP-News: TAKKT AG: TAKKT with strongest organic growth in company's history


 

DGAP-News: TAKKT AG / Key word(s): Preliminary Results
TAKKT AG: TAKKT with strongest organic growth in company's history

24.02.2022 / 07:07
The issuer is solely responsible for the content of this announcement.


TAKKT with strongest organic growth in company's history
 

  • Fourth-quarter sales up organically by 14.4 percent, surpassing the pre-crisis level of 2019
  • TAKKT realized organic growth of 11.4 percent for the full year
  • EBITDA increased more strongly than sales to EUR 112.6 (92.6) million
  • TAKKT sees considerable growth potential for 2022 despite challenges from inflation and difficulties in supply chains


Stuttgart, Germany, February 24, 2022. TAKKT concluded the 2021 fiscal year very successfully with a significant increase in sales and earnings. Although the final quarter of the previous year was only slightly impacted by the effects of the pandemic, organic growth improved to 14.4 percent. Compared to the fourth quarter of 2019, currency-adjusted sales were ten percent higher. "It took us around 18 months to recover from the dent to our top line caused by the pandemic and we have reached the pre-crisis level faster than expected. Without the global supply chain difficulties, we would have been able to post even stronger growth. We are now optimistic about the future and want to continue driving growth," says CEO Maria Zesch regarding the published figures. In the fourth quarter, sales reported in euros benefited from a positive currency effect from the US dollar and rose by 17.3 percent to EUR 317.5 (270.6) million. TAKKT was able to significantly improve EBITDA and increase it to EUR 30.5 (18.5) million.

TAKKT achieved a sales plus of 10.4 percent to EUR 1,178.0 (1,067.4) million in 2021. Organic sales growth came to 11.4 percent, rising to the highest level in the history of the company. The easing of protective measures and sustained economic recovery led to a noticeable surge in customer demand. Bottlenecks in production and transport capacities resulted in limited product availability, which also affected the TAKKT companies. Since the difficulties affected the entire market, cancellations remained at a low level. The order backlog of the TAKKT companies increased by around EUR 55 million over the course of the year. "The constraints in the supply chain did not change significantly in the fourth quarter and will continue to be a major issue at least in the first half of 2022," explains CFO Claude Tomaszewski.

TAKKT increased EBITDA to EUR 112.6 (92.6) million in 2021. One-time expenditures had an overall negative impact on earnings of EUR 6.1 (8.6) million, although to a somewhat lesser extent than in the previous year. Adjusted for the one-time effects in both years, EBITDA rose by around 17 percent and thus much more sharply than sales. The EBITDA margin was 9.6 (8.7) percent. The marked increase in delivery times for orders placed by TAKKT companies with suppliers and rising purchase and transport prices led to significantly higher inventories over the course of the year. Receivables from customers also increased as a result of the good growth trend. As expected, due to the increase in net working capital, the free TAKKT cash flow of EUR 51.9 (129.8) million was significantly lower than in 2020. TAKKT's balance sheet structure remained very solid in 2021. At 62.2 (64.7) percent, the equity ratio at year-end was still above the target corridor of 30 to 60 percent. Bank liabilities were reduced to a low double-digit million euro amount following the increase as a result of the dividend payment.

The Group also got off to a good start in the new year following the successful close to 2021. "Most likely, 2022 is not going to be an easy year as we continue to deal with inflation and delivery difficulties. Nevertheless, we feel optimistic about the future and see a great deal of potential for growth," says Maria Zesch confidently. TAKKT will provide further information on the 2021 consolidated financial statements and assessment of future business development 2022 with the publication of the annual report on March 30. At that time, the Group will also share further information on the strategic direction as well as long-term growth and earnings targets.

 

Earnings call: February 24, 2022, at 2:00 p.m. (CET).
The login details to participate in the earnings call are available at the following link: www.takkt.de/event

 

Financial calendar
TAKKT will publish the final figures for the 2021 fiscal year as well as the annual report on March 30.


Preliminary IFRS figures for the TAKKT Group for the 2021 Fiscal Year
(in EUR million)

  Q4/2020   Q4/2021 Change in % 2020 2021 Change in %
TAKKT Group sales 270.6 317.5 17.3    1,067.4    1,178.0 10.4
Organic growth     14.4     11.4
Omnichannel Commerce 175.8 205.7 17.0 638.7 732.9 14.8
Organic growth     15.5     15.6
Web-focused Commerce 53.7 60.1 12.0 234.3 245.2 4.7
Organic growth     6.8     4.2
Foodservice Equipment & Supplies 42.3 52.8 24.8 198.6 204.2 2.8
Organic growth     19.1     6.2
EBITDA 18.5 30.5 65.2 92.6 112.6 21.7
EBITDA margin (%) 6.8 9.6   8.7 9.6  
EBIT 7.8 20.2 160.4 52.4 73.9 41.1
EBIT margin (%) 2.9 6.4   4.9 6.3  
Earnings per share in EUR 0.10 0.24 140.0 0.57 0.87 53.2
TAKKT cash flow 17.8 23.5 32.0 82.0 94.3 15.0
TAKKT cash flow margin (%) 6.6 7.4   7.7 8.0  
Free TAKKT cash flow 14.0 -8.4 - 129.8 51.9 -60.0
 


About TAKKT AG
TAKKT AG is the leading B2B distance seller for business equipment in Europe and North America. The Group is represented in more than 25 countries with its Industrial & Packaging, Office Furniture & Displays and FoodService divisions. The product range of the subsidiaries comprises more than 600,000 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.


Contacts:
Michael Loch Tel. +49 (0) 711 3465-8222
Benjamin Bühler Tel. +49 (0) 711 3465-8223
Email: [email protected]



24.02.2022 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.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


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, Hamburg, Hanover, Munich, Tradegate Exchange
EQS News ID: 1287203

 
End of News DGAP News Service

1287203  24.02.2022 

fncls.ssp?fn=show_t_gif&application_id=1287203&application_name=news&site_id=boersengefluester_html


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%
    
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu TAKKT AG  ISIN: DE0007446007 können Sie bei DGAP abrufen


Handel , 744600 , TTK , XETR:TTK