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TAKKT AG (TTK.F)

Frankfurt - Frankfurt Delayed price. Currency in EUR
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13.98+0.18 (+1.30%)
At close: 9:50AM CEST
Full screen
Previous close13.80
Open13.74
Bid0.00 x 23000
Ask0.00 x 40000
Day's range13.74 - 13.98
52-week range8.25 - 14.38
Volume800
Avg. volume1,925
Market cap919.891M
Beta (5Y monthly)1.44
PE ratio (TTM)23.03
EPS (TTM)0.61
Earnings dateN/A
Forward dividend & yield1.10 (7.97%)
Ex-dividend date12 May 2021
1y target est23.12
  • EQS Group

    TAKKT AG: Shareholders' Meeting approves dividend payment of EUR 1.10 per share - Supervisory Board thanks Felix Zimmermann for many years of successful service

    DGAP-News: TAKKT AG / Key word(s): AGM/EGM11.05.2021 / 15:39 The issuer is solely responsible for the content of this announcement.Shareholders' Meeting approves dividend payment of EUR 1.10 per share - Supervisory Board thanks Felix Zimmermann for many years of successful serviceStuttgart, May 11, 2021. TAKKT AG Shareholders' Meeting today confirmed the dividend proposal of the Management and Supervisory Boards and resolved to pay a dividend of EUR 1.10 per share. The shareholders also approved all other items on the agenda with a large majority. As announced, CEO Felix Zimmermann left the Management Board of TAKKT AG at his own request after the end of the Shareholders' Meeting.The Shareholders' Meeting of TAKKT AG was again held in virtual form this year. The agenda included the decision on the appropriation of profits, the discharge of the Management and Supervisory Boards, the choice of the auditor and the approval of the remuneration system for the Management and Supervisory Boards. All items on the agenda were approved by a large majority. The shareholders thus also confirmed the proposal to pay a dividend of EUR 0.55 for the 2020 financial year and to also make up the basic dividend of EUR 0.55, which was suspended in the previous year.In his speech, Felix Zimmermann explained TAKKT's new vision to the shareholders. This serves as the Group's guide and ambition during the transformation process towards TAKKT 4.0. The Group aims to be the most sustainable provider of workspace equipment by 2025. Zimmermann also reported on the past financial year, the start to 2021 and the current status of the implementation of the organizational realignment. Questions submitted by shareholders in advance related in particular to strategy, personnel changes and the effects in connection with the coronavirus pandemic. All questions submitted were answered during the meeting.As announced in mid-April, CEO Felix Zimmermann left the Management Board of TAKKT AG at his own request after the end of the Shareholders' Meeting. The Chairman of the Supervisory Board Florian Funck thanked him during the meeting for his many years of successful service. Zimmermann was appointed to the TAKKT Management Board in 1999 and had been at the helm of the company since 2009. "With his value-oriented, responsible and pragmatic leadership, he not only guided TAKKT very successfully through the financial and recent Corona crisis, but also drove the company's steady development from a B2B catalog mail order company to an e-commerce provider."Maria Zesch will take over the position of CEO on August 01. Until then, TAKKT will be managed by a transition team, which will include Management Board members Claude Tomaszewski and Tobias Flaitz, as well as other members of senior management and representatives of the operating units.In a meeting immediately following the Shareholders' Meeting, a change in the distribution of roles on the Supervisory Board was carried out as planned. Thomas Schmidt, CEO of TAKKT's majority shareholder Haniel, was elected by the Supervisory Board as the new Chairman. Florian Funck will remain a member of the Supervisory Board. Felix Zimmermann thanked Funck for his service. "In his role as Chairman of the Supervisory Board, Florian Funck has greatly helped us in the past two years with his profound knowledge of TAKKT's business to further develop TAKKT and successfully get through the crisis."About TAKKT AGThe TAKKT Group is specialized on B2B distance selling for business equipment in Europe and North America. The group is represented in more than 25 countries with its units KAISER+KRAFT, Ratioform, National Business Furniture, Displays2Go, Newport, Hubert und Central. The portfolio of its subsidiaries offers more than a million of products ranging from durables that companies use for their business activities, office furniture, transport packaging, display articles, food service supplies to commercial kitchens, hotels, and retailers. Largest shareholder is Haniel, holding shares of 50.25%.Contacts:Michael Loch phone +49 711 3465-8222Benjamin Bühler phone +49 711 3465-8223Email: investor@takkt.de11.05.2021 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: investor@takkt.de 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: 1195329 End of News DGAP News Service

  • EQS Group

    TAKKT AG: Strong growth at the end of the first quarter should continue in the months ahead

    DGAP-News: TAKKT AG / Key word(s): Quarter Results29.04.2021 / 07:00 The issuer is solely responsible for the content of this announcement.Strong growth at the end of the first quarter should continue in the months ahead Organic sales development in the first quarter as expected at minus 3.3 percent Double-digit organic sales growth in March, order intake nearly reached the level from 2019 Gross profit margin at 41.0 (41.8) percent EBITDA rises to EUR 26.5 (24.3) million Free TAKKT cash flow at EUR 21.1 (7.3) million Significant positive organic growth expected starting in the second quarter 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."The more stringent and extended coronavirus protection measures in some markets have so far not led to a noticeable change in customer demand patterns", says CEO Felix Zimmermann. At the same time, the momentum in the individual business units continued to be greatly affected by the pandemic and was similar to that of the fourth quarter. Business performance in most of the Group was stable and even increased significantly at ratioform and Newport. However, demand for the event and foodservice-related activities of D2G and Hubert had not yet improved in the first quarter.The gross profit margin came to 41.0 (41.8) percent. The decrease was mainly attributable to a lower freight margin. EBITDA increased to EUR 26.5 (24.3) million. Earnings in the previous year were negatively affected by costs of EUR 7.6 million for the implementation of TAKKT 4.0. The EBITDA margin reached 9.9 (8.5) percent. The TAKKT cash flow remained virtually unchanged at EUR 22.4 (22.1) million. The free TAKKT cash flow of EUR 21.1 (7.3) million in the first quarter was significantly higher than in 2020. TAKKT expects to be able to generate good free cash flow for the year as a whole, but at a significantly lower level than in 2020.Current economic forecasts for the eurozone assume that the extended lockdown measures will lead to a certain delay in the economic recovery that is expected in the course of the year. In the US, on the other hand, conditions should soon improve perceptibly due to the country's progress with vaccinations. As a whole, TAKKT anticipates significant positive growth rates starting in the second quarter. The Group continues to aim for organic growth of between seven and twelve percent for the entire year and EBITDA in the range of EUR 100 to 120 million. In mid-April, TAKKT announced that Maria Zesch will succeed Felix Zimmermann as CEO of the company as of August 1, 2021. Felix Zimmermann will step down from the Management Board at his own request following the Shareholders' Meeting on May 11.Earnings call: April 29, 2021, at 2:00 p.m. (CEST).The login details to participate in the earnings call can be found at: www.takkt.de/eventFinancial calendarTAKKT will publish figures for the first half of the year on July 29, 2021. IFRS figures for the TAKKT Group as of the end of the first quarter 2021(in EUR million) Q1/2020 Q1/2021 change in % TAKKT Group sales 285.0 266.4 -6.5 Organic growth -3.3 Omnichannel Commerce 175.1 169.8 -3.1 Organic growth -1.0 Web-focused Commerce 62.9 57.4 -8.8 Organic growth -5.6 Foodservice Equipment & Supplies 48.1 40.3 -16.2 Organic growth -8.7 EBITDA 24.3 26.5 +9.1 EBITDA margin (%) 8.5 9.9 EBIT 14.3 17.2 +20.3 EBIT margin (%) 5.0 6.5 Earnings per share in EUR 0.14 0.18 +28.0 TAKKT cash flow 22.1 22.4 +1.0 TAKKT cash flow margin (%) 7.8 8.4 Free TAKKT cash flow 7.3 21.1 +189.0 About TAKKT AGThe TAKKT Group is specialized on B2B distance selling for business equipment in Europe and North America. The group is represented in more than 25 countries with its units KAISER+KRAFT, Ratioform, National Business Furniture, Displays2Go, Newport, Hubert und Central. The portfolio of its subsidiaries offers more than a million of products ranging from durables that companies use for their business activities, office furniture, transport packaging, display articles, food service supplies to commercial kitchens, hotels, and retailers. Largest shareholder is Haniel, holding shares of 50.25%.Contacts:Michael Loch phone +49 711 3465-8222Benjamin Bühler phone +49 711 3465-8223Email: investor@takkt.de29.04.2021 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: investor@takkt.de 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: 1190241 End of News DGAP News Service

  • Generation change at the top of TAKKT AG: Maria Zesch succeeds Felix Zimmermann
    EQS Group

    Generation change at the top of TAKKT AG: Maria Zesch succeeds Felix Zimmermann

    DGAP-News: TAKKT AG / Key word(s): Personnel16.04.2021 / 18:23 The issuer is solely responsible for the content of this announcement.Generation change at the top of TAKKT AG: Maria Zesch succeeds Felix ZimmermannStuttgart, April 16, 2021. The Supervisory Board of TAKKT AG ("TAKKT") today unanimously appointed Maria Zesch as the company's new Chief Executive Officer (CEO). She will assume the position on August 1, 2021, succeeding Felix Zimmermann, who will leave the Management Board on his own request at the end of the Annual General Meeting on May 11, 2021."We are delighted to welcome Maria Zesch, an experienced leader and proven marketing, sales and service expert, as TAKKT's new CEO," said Florian Funck, Chairman of TAKKT's Supervisory Board. "With her ample digital and B2B know-how, her merger and transformation expertise and more than 20 years of management experience in international companies, she is the right person to realize further growth through digital transformation and a consistent customer-centric approach."Currently, Maria Zesch serves as member of the board for B2B & Digitalization at Magenta Telekom, an Austrian internet and mobile operator. She held various management positions within Deutsche Telekom Group since 2008. Prior to that, she worked at the strategy consultancy A.T. Kearney and at the media company ORF."I am looking forward to the new challenge and would like to thank the Supervisory Board for their confidence and trust," said Maria Zesch. "With its international network, broad line-up and comprehensive expertise, TAKKT is able to offer customers worldwide an unprecedented experience in the B2B equipment sector. As part of the TAKKT team, I am looking forward to shaping the company's continued success; realizing further growth for both, the customers and the company through a clear focus on customer orientation and a consistently sustainable product range."Already in September 2020 TAKKT CEO Felix Zimmermann had announced that he would not renew his current contract to initiate a generation change and thus support the ongoing transformation of the Group. Now that the succession has been arranged, he has asked for his contract to be terminated at the end of the upcoming Annual General Meeting to be able to focus on other tasks. The Supervisory Board has complied with this request.Florian Funck expressed his gratitude towards Felix Zimmermann for his long-standing contribution and fruitful collaboration: "Felix Zimmermann has played a decisive role in shaping the success of the company during his almost 20 years at TAKKT; including more than ten years as its CEO. I would like to express my greatest gratitude and appreciation on behalf of the Supervisory Board. He has further extended TAKKT's activities in Europe and the USA and driven the transformation of the company into a successful e-commerce provider whose profitability is well above industry average. We wish Felix Zimmermann all the very best for the future."From the end of the Annual General Meeting until Maria Zesch joins the company, TAKKT will be managed by a transition team, which will include Management Board members Claude Tomaszewski and Tobias Flaitz, as well as other members of senior management and representatives of the operating units.In addition to the management board personnel change, the supervisory board of TAKKT AG also discussed the distribution of roles within the board. As a result, Thomas Schmidt, CEO of TAKKT's majority shareholder Haniel, will take over as Chairman of the Supervisory Board after the end of the 2021 Annual General Meeting. Haniel CFO Florian Funck will remain a member of the Supervisory Board.Maria ZeschAbout TAKKT AGThe TAKKT Group is specialized on B2B distance selling for business equipment in Europe and North America. The group is represented in more than 25 countries with its units KAISER+KRAFT, Ratioform, National Business Furniture, Displays2Go, Newport, Hubert und Central. The portfolio of its subsidiaries offers more than a million of products ranging from durables that companies use for their business activities, office furniture, transport packaging, display articles, food service supplies to commercial kitchens, hotels, and retailers. Largest shareholder is Haniel, holding shares of 50.25%.Contacts:Michael Loch phone +49 711 3465-8222Benjamin Bühler phone +49 711 3465-8223Email: investor@takkt.de16.04.2021 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: investor@takkt.de 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: 1185913 End of News DGAP News Service