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Takkt AG (TTKG.DE)

TTKG.DE on Xetra

15.58EUR
21 Feb 2019
Change (% chg)

€-0.18 (-1.14%)
Prev Close
€15.76
Open
€15.78
Day's High
€15.78
Day's Low
€15.00
Volume
89,742
Avg. Vol
63,468
52-wk High
€23.35
52-wk Low
€12.00

Latest Key Developments (Source: Significant Developments)

Takkt Resolves Repositioning Of Unit Hubert Group
Wednesday, 9 Jan 2019 

Jan 9 (Reuters) - TAKKT AG ::RESOLVES REPOSITIONING OF THE HUBERT GROUP.DECIDED ON A REPOSITIONING OF HUBERT'S US BUSINESS AND A FOCUS ON MORE ATTRACTIVE CUSTOMER GROUPS.FRAME CONTRACT WITH A MAJOR CUSTOMER WILL EXPIRE AT END OF FEBRUARY 2019.TERMINATION OF THIS FRAME CONTRACT WILL CAUSE A SHORT-TERM REDUCTION IN SALES AND EARNINGS AT HUBERT.SAYS HUBERT GROUP WILL CONTINUE TO BE PROFITABLE AND ACHIEVE AN ALMOST DOUBLE-DIGIT EBITDA MARGIN.  Full Article

Takkt Q3 EBITDA Up 9.3 Pct To EUR 41.2 Million
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - Takkt AG ::TAKKT SHOWS STRONG GROWTH IN SALES AND EARNINGS IN THE THIRD QUARTER; PROFITABILITY SIGNIFICANTLY IMPROVED COMPARED TO THE FIRST HALF OF THE YEAR.Q3 EBITDA INCREASED BY 9.3 PERCENT TO EUR 41.2 MILLION (PY: 37.7).Q3 SALES 10.8 PERCENT HIGHER THAN YEAR AGO, AT EUR 310.7 MILLION VERSUS 280.4 MILLION YEAR AGO.CONFIRMS ITS SALES AND EARNINGS FORECAST FOR 2018.  Full Article

Takkt Acquires Swedish Direct Marketer For Business Equipment
Thursday, 24 May 2018 

May 25 (Reuters) - Takkt AG ::DGAP-NEWS: TAKKT AG: TAKKT ACQUIRES SWEDISH DIRECT MARKETER FOR BUSINESS EQUIPMENT.ENTERED INTO A PURCHASE AGREEMENT WITH THE BRADY CORPORATION FOR THE ACQUISITION OF 100 PERCENT OF THE SHARES OF RUNELANDHS FÖRSÄLJNINGS AB.RUNELANDHS IS EXPECTED TO GENERATE SALES OF OVER 145 MILLION SWEDISH KRONA (APPROX. 14 MILLION EUROS) AND AN EBITDA MARGIN AT LOWER END OF TAKKT TARGET CORRIDOR OF 12 TO 15 PERCENT IN 2017/2018 .PURCHASE PRICE, FREE OF FINANCIAL DEBT AND CASH, AMOUNTS TO 174 MILLION SWEDISH KRONA (EQUIVALENT TO AROUND 17 MILLION EUROS).  Full Article

Takkt Q1 EBITDA Down At EUR 33.4 Million
Thursday, 26 Apr 2018 

April 26 (Reuters) - Takkt AG ::TAKKT WITH A WEAK FIRST QUARTER - FULL-YEAR FORECAST CONFIRMED.Q1 EBITDA OF EUR 33.4 (44.9) MILLION.Q1 REPORTED GROUP SALES DECLINED BY 4.4 PERCENT.Q1 GROSS PROFIT MARGIN AT 42.5 (43.7) PERCENT.OUTLOOK 2018: SEES ORGANIC GROWTH BETWEEN 2 PERCENT AND 4 PERCENT AND EBITDA MARGIN IN MIDDLE THIRD OF TARGET CORRIDOR OF 12 TO 15 PERCENT.  Full Article

TAKKT Expands Management Board And Forms Additional Division
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - TAKKT AG ::DGAP-NEWS: TAKKT AG: TAKKT EXPANDS MANAGEMENT BOARD AND FORMS ADDITIONAL DIVISION TO DEVELOP NEW BUSINESS MODELS.FORMATION OF AN ADDITIONAL DIVISION CALLED NEWPORT GROUP HAS BEEN ADOPTED WITH EFFECT FROM JANUARY 1, 2018.APPOINTED HEIKO HEGWEIN TO MANAGEMENT BOARD OF TAKKT AG BEGINNING FEBRUARY 1, 2018.  Full Article

Takkt 9-mth EBIT down at ‍99.3 mln euros
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - TAKKT AG :‍ORGANIC GROWTH OF 0.5 PERCENT IN NINE-MONTH PERIOD OF 2017; REPORTED SALES UP 0.4 PERCENT​.‍ADJUSTMENT IN FORECAST FOR 2017​.‍FOR Q4, EXPECTS THAT PERFORMANCE WILL NOT BE ENOUGH FOR FIGURES TO REACH PREVIOUSLY FORECAST TARGET CORRIDOR​.‍NOW ANTICIPATES ORGANIC SALES GROWTH OF 0 TO 1 PERCENT FOR 2017 FINANCIAL YEAR​.‍WE CONTINUE TO EXPECT EBITDA-MARGIN TO COME IN AT MIDDLE OF TARGET CORRIDOR IN FY​.‍MEASURED IN REPORTING CURRENCY OF EUROS, 9MTH GROUP SALES ROSE 0.4 PERCENT TO EUR 845.4 (841.8) MILLION​.9MTH EBIT AT EUR ‍99.3 MILLION VERSUS EUR 116.0 MILLION YEAR AGO​.  Full Article

TAKKT AG says adjusts forecast for the 2017 financial year
Thursday, 26 Oct 2017 

Oct 25 (Reuters) - Takkt AG - :DGAP-Adhoc: TAKKT AG: TAKKT adjusts forecast for the 2017 financial year.TAKKT AG - Expects organic performance in Q4 will not be enough for figures to reach previously forecast target corridor of 2 to 5 percent​.Says ‍continues to expect EBIDTA-margin to come in at middle of target corridor​.‍Anticipates organic sales growth of 0 to 1 percent for 2017 financial year​.  Full Article