EQS-News

TAKKT AG: TAKKT strengthens resilience in 2024 and lays foundation for accelerated growth

EQS-News: TAKKT AG / Key word(s): Annual Report/Forecast TAKKT AG: TAKKT strengthens resilience in 2024 and lays foundation for accelerated growth 28.03.2024 / 08:00 CET/CEST The issuer is solely responsible for the content of this announcement. TAKKT strengthens resilience in 2024 and lays foundation for accelerated growth

• TAKKT confirms strategy with its three pillars Growth, OneTAKKT, Caring
• Strategic mid-term goals comprise gaining market share, improving profitability and strong cash generation
• Focus in 2024 is on strengthening resilience by further improving cost structures

Stuttgart, Germany, March 28, 2024. TAKKT is on track with its transformation into a more integrated, customer-focused, and growth-oriented company. The implementation of the strategy with the three pillars of Growth, OneTAKKT and Caring is taking place in three phases with its own set of operational priorities and strategic focus areas:

1. Restart (2021 und 2022): Cultural transformation to a more integrated, customer-focused and growth-oriented company and implementation of the new organizational structure.
2. Resilience (2023 und 2024): Implementation of value and growth drivers and improvement of gross profit margin, cost structures and cash generation in an environment of subdued demand.
3. Acceleration (2025 bis 2028): Return to growth trajectory and acceleration of value and growth drivers as well as further evolution of the business model.

“We are on the right track and confirm our strategy. Throughout this multi-year transformation process, we constantly adjust to the shifting conditions as necessary and continuously develop our value and growth drivers,” says CEO Maria Zesch.

TAKKT has reached significant milestones in its growth initiatives during the transformation in recent years and has centralized important support functions and made them more efficient by establishing Group functions, particularly in the areas of IT and logistics. At the same time, the effects of the economic environment, such as high interest rates, increased costs and investment restraint, are overshadowing the positive impact of the measures. “In the current environment, we are focusing on strengthening our resilience, working on structural cost reduction and improving cash management. And we are continuing our work on transformation. The stronger we position ourselves today, the better our chances of gaining market share in the future. Our clear goal is profitable growth - and to outgrow the competition,” says CEO Maria Zesch.