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TAKKT Shareholders' Meeting: Dividend policy a sign of continuity

DGAP-News: TAKKT AG / Key word(s): AGM/EGM/Dividend
TAKKT Shareholders' Meeting: Dividend policy a sign of continuity

06.05.2014 / 13:09

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TAKKT Shareholders' Meeting: Dividend policy a sign of continuity

Ludwigsburg/Stuttgart, Germany, May 06, 2014. The Shareholders' Meeting of
TAKKT AG today approved the payment of an unchanged dividend of EUR 0.32
per share. Despite a challenging economic environment in 2013 due to
acquisition effects, the TAKKT Group achieved turnover growth of 1.3
percent and presented solid figures.

The Shareholders' Meeting approved all the items on the agenda - including
the discharging of the Management and Supervisory Boards for the 2013
financial year - by a large majority. In addition, the shareholders granted
a new authorization until 2019 to acquire treasury shares for up to 10
percent of share capital. In addition, they authorized the creation of new
approved capital of approximately EUR 32.8 million. With the adoption of
the unchanged total distribution of EUR 21 million, the dividend amounts to
EUR 0.32 per no-par-value bearer share, the same as in the previous year.
The payout ratio for 2013 amounts to 40 percent of the profit for the
period of EUR 52.5 million.

In addition, it was announced today that Deputy Chairman of the Supervisory
Board Prof. Dr Klaus Trützschler will resign from his post on the
Supervisory Board of TAKKT AG effective June 30, 2014. The Supervisory
Board is confident that it will ensure a sound succession in the near
future. Discussions are already being held with competent candidates for
this position.

Solid performance thanks to a diversification strategy
In the 2013 financial year, the TAKKT Group continued to be affected by
economic weakness in the eurozone, although there were signs of a recovery
over the course of the year. "Despite the challenging economic environment,
we were able to achieve a satisfactory result - in large part thanks to the
joint efforts of all our employees and due to the diversification of our
core business across different product ranges, sales regions and marketing
channels. Although the more conservative scenario of our forecast in spring
2013 materialized, we performed comparatively well," remarked CEO Dr Felix
Zimmermann about the 2013 financial year at the Shareholders' Meeting.

DYNAMIC initiative: Investing in change and growth
In 2013, the TAKKT Group proceeded with the DYNAMIC strategic initiative.
Along with modernizing its business model, particularly in the areas of