Takkt AG
XHAM:TTK
Takkt AG
TAKKT AG operates as a management holding company, which is engaged in the production, marketing and sale of business equipment. The company is headquartered in Stuttgart, Baden-Wuerttemberg and currently employs 2,496 full-time employees. The firm operates through two divisions: TAKKT EUROPE and TAKKT AMERICA. TAKKT EUROPE comprises the two sub-groups Business Equipment Group (BEG) and Packaging Solutions Group (PSG). TAKKT AMERICA contains the four sub-groups, including Merchandising Equipment Group (MEG), Restaurant Equipment Group (REG), Displays Group (DPG) and Office Equipment Group (OEG). The firm is active through numerous brands, such as Ratioform, Gaerner, Topdeq, Hubert, Certeo, Gerdmans and Kwesto, among others. The firm operates as a subsidiary of Franz Haniel & Cie. GmbH and it wholly owns Equip4work Ltd.
TAKKT AG operates as a management holding company, which is engaged in the production, marketing and sale of business equipment. The company is headquartered in Stuttgart, Baden-Wuerttemberg and currently employs 2,496 full-time employees. The firm operates through two divisions: TAKKT EUROPE and TAKKT AMERICA. TAKKT EUROPE comprises the two sub-groups Business Equipment Group (BEG) and Packaging Solutions Group (PSG). TAKKT AMERICA contains the four sub-groups, including Merchandising Equipment Group (MEG), Restaurant Equipment Group (REG), Displays Group (DPG) and Office Equipment Group (OEG). The firm is active through numerous brands, such as Ratioform, Gaerner, Topdeq, Hubert, Certeo, Gerdmans and Kwesto, among others. The firm operates as a subsidiary of Franz Haniel & Cie. GmbH and it wholly owns Equip4work Ltd.
Sales Decline: TAKKT's Q1 sales fell 6.5% year-over-year to EUR 251.5 million, with organic growth at minus 7.6%, reflecting ongoing stabilization but still negative momentum.
Profitability Down: Adjusted EBITDA margin dropped to 4.9% from 7.4% last year, mainly due to lower gross profit margin and sales volume, but in line with management expectations.
Tariff Headwinds: New U.S. tariffs have added uncertainty, with management implementing a range of mitigation measures including price increases, supplier negotiations, and shifting sourcing to countries outside China.
Full-Year Guidance Reconfirmed: Despite macro uncertainty, TAKKT confirmed guidance for organic sales growth between minus 4% and plus 6%, adjusted EBITDA margin of 6–8%, and lower absolute free cash flow versus last year.
Cash Flow Temporarily Negative: Free cash flow was minus EUR 5 million in Q1 due to inventory build-up in the U.S., but management expects a positive turn in the coming quarters.
Cost Actions Intensifying: Management is focusing on cost savings and operational efficiencies, with about half of expected margin improvement in H2 to come from cost reductions.
