TAKKT Shareholders’ Meeting approves increased dividend of 50 cents
Ludwigsburg/Stuttgart, Germany, May 10, 2016. The Shareholders’ Meeting of TAKKT AG today approved the distribution of dividends of EUR 32.8 million. The payout ratio based on the profit for the period for 2015 of EUR 81.0 (65.7) million increased significantly to 40 (32) percent.
The Shareholders’ Meeting thus approved the dividend proposed by the TAKKT Management Board and Supervisory Board, which is based on the dividend policy amended in February 2016. The aim of this policy was to allow shareholders to participate even more in the company’s success by stabilizing the payment of dividends. The other matters on the agenda were also approved by the Shareholders’ Meeting with a large majority, including the discharge of the Management Board and Supervisory Board as well as an amendment of the articles of association regarding the purpose of the company.
The Management Board also provided a detailed report on the 2015 financial year, during which the milestone of sales of one billion euros was hit for the first time in the company’s history. The key figures of sales growth and EBITDA margin were within the ranges projected at the beginning of 2015. Sales grew organically by 4.7 percent; the EBITDA margin was at 14.8 percent. “We were able to continue our profitable growth in 2015 as well. The positive development in North America was particularly noteworthy,” said TAKKT CEO Felix Zimmermann.
For the 2016 financial year, the Management Board of TAKKT anticipates a continuation of the positive development of the previous year. “Despite the recent downgraded economic forecast, we are seeing good overall conditions for the continued economic development of the company. We continue to expect organic sales growth of between three and five percent as well as an EBITDA margin within the upper third of the target corridor of 12 to 15 percent. In the first three months of 2016, we were already able to continue the positive development of the previous year,” Zimmermann explained. “With a view towards our strategic development, we want to expand and further implement our digital agenda. Digitalization cannot be put off, which is why it is a priority for us.”
About TAKKT AG
TAKKT is the leading B2B direct marketing specialist for business equipment in Europe and North America. The Group is represented with its brands in more than 25 countries. The product range of the subsidiaries comprises more than 300,000 products for the areas of plant and warehouse equipment, office furniture, transport packaging, display articles, and equipment for the food service industry, hotel market and retailers.
The TAKKT Group has over 2,000 employees and just under three million customers worldwide. The company is listed on the SDAX and Deutsche Börse Prime Standard.
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