TAKKT generates strong free cash flow and further stabilizes sales development in the fourth quarter

EQS-News: TAKKT AG / Key word(s): Preliminary Results/Dividend TAKKT generates strong free cash flow and further stabilizes sales development in the fourth quarter 13.02.2025 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. TAKKT generates strong free cash flow and further stabilizes sales development in the fourth quarter

• TAKKT achieves upper end of forecast for sales, profitability and free cash flow
• Management Board proposes dividend payment of EUR 0.60 per share
• Further improvements in organic growth and slight increase in adjusted EBITDA margin expected for 2025
• Capital Markets Update on strategic realignment on March 27

 

Stuttgart, Germany, February 13, 2025. With an improved final quarter and further stabilization of organic growth, TAKKT reached the upper end of the guidance which was adjusted in October. Based on preliminary figures, organic growth in 2024 was minus 15.4 percent and the EBITDA margin adjusted for one-time expenses was 6.9 (2023: 9.1) percent. Due to focused measures to improve cash flow, the Group was able to release considerable liquidity from the reduction in net working capital, particularly at the end of the year. Free cash flow was therefore significantly more stable than EBITDA and amounted to EUR 68.0 (74.0) million.

2024 was a year of major internal and external challenges for TAKKT. In addition to the weak economic market environment in Europe, the Group had to resolve several self-inflicted issues. These resulted from the temporary discontinuation of the ratioform brand, problems during the ERP migration at the FoodService (FS) division and ineffective positioning of the NBF brand. "We made very good progress in the second half of the year in solving the internal challenges and thus laid the foundation for the improvement in business development in recent months. What matters now is to win back customers and rebuild trust. We are already seeing good results, but we still have a journey ahead of us," says CEO Andreas Weishaar.