TAKKT AG

TTK

Equity

ISIN DE0007446007 / Valor 800573

Xetra (2025-03-17)

EUR 8.28+2.10%

TAKKT AG
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About company

TAKKT AG is a B2B omnichannel distribution company that specializes in providing business equipment to corporate customers in various industries and regions. The company primarily conducts sales through e-commerce channels, print marketing, and key account managers. TAKKT operates through customer-oriented divisions and brands that focus on selling durable and less price-sensitive equipment, as well as special items needed regularly by corporate customers. The company's business model is supported by various Group functions to ensure efficient operations and customer satisfaction.

Summarized from source with an LLMView SourceSector: Consumer Services

Sales Performance

In the first half of 2024, TAKKT AG reported sales of EUR 529.4 million, a significant decrease from EUR 641.2 million in the same period of the previous year. The organic growth rate was negative at -17.7%, with currency effects contributing a slight positive impact of 0.3 percentage points. This decline reflects the challenging economic conditions and subdued customer demand.

Gross Profit Margin

Despite the drop in sales, TAKKT AG managed to improve its gross profit margin to 40.5% in the first half of 2024, up from 39.7% in the same period of 2023. This improvement was part of the company's resilience measures, which included better cost management and leaner operational structures.

EBITDA and Profitability

TAKKT AG's EBITDA for the first half of 2024 was EUR 29.9 million, significantly lower than the EUR 57.0 million reported in the first half of 2023. The adjusted EBITDA margin also declined to 7.0% from 9.3% in the previous year. This decrease was attributed to weak sales performance and one-time expenses related to restructuring efforts.

Free Cash Flow

In terms of cash flow, TAKKT AG generated a free cash flow of EUR 25.6 million in the first half of 2024, slightly higher than the EUR 24.2 million in the same period of the previous year. This was achieved through reductions in inventories and other improvements in cash conversion, which helped offset the lower EBITDA.

Outlook for the Second Half

Looking ahead, TAKKT AG expects a gradual improvement in growth rates in the second half of 2024. However, the company has adjusted its full-year expectations, now anticipating negative organic sales development in the range of -12% to -17%. The adjusted EBITDA margin is expected to be between 7.3% and 8.3%, reflecting ongoing challenges, particularly in the FoodService division.

Summarized from source with an LLMView Source

Key figures

-37.5%1Y

-45.5%3Y

9.38%5Y

Performance

37.7%1Y

31.6%3Y

34.4%5Y

Volatility