DGAP-News 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 Results
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.