DGAP-News: TAKKT AGM approves dividend of EUR 0.32 per share - Sustainability Update presented
(firmenpresse) - DGAP-News: TAKKT AG / Key word(s): AGM/EGM
TAKKT AGM approves dividend of EUR 0.32 per share - Sustainability
Update presented
07.05.2013 / 13:10
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P R E S S R E L E A S E
TAKKT AGM approves dividend of EUR 0.32 per share - Sustainability Update
presented
Ludwigsburg/Stuttgart, Germany, 07 May 2013. The Annual General Meeting of
TAKKT AG today approved the payment of a dividend of EUR 0.32 per share. In
the financial year 2012, the TAKKT Group achieved turnover growth of 10.3
percent due to acquisitions and, despite the weak European economy, was
able to report pleasing earnings figures. TAKKT also presented its
Sustainability Update at the AGM.
The AGM approved all the items on the agenda - including the discharging of
the Management and Supervisory Boards for the financial year 2012 - by a
large majority. Furthermore, the shareholders elected Stephan Gemkow,
Chairman of the Management Board of Franz Haniel&Cie. GmbH, to the
Supervisory Board of TAKKT AG. Mr Gemkow was appointed as a member of the
Supervisory Board by the decision of the Stuttgart local court on 14
January 2013, and elected as its Chairman on 01 February 2013. He succeeds
Prof. Dr Klaus Trützschler, who holds the position of Deputy Chairman of
the Supervisory Board since 01 February 2013.
With the dividend of EUR 0.32 per share, the TAKKT Group will pay out
around EUR 21 million. The payout ratio is around 31 percent of the profit
of EUR 67 million for the financial year 2012, and consequently is
consistent with the Group's long-term dividend policy.
Further development of sales and marketing strategy
'We have made important strategic progress for TAKKT in the financial year
2012 and taken a crucial step forward in terms of further developing our
business model. It was a successful year for TAKKT, despite the difficult
economic environment in Europe,' noted CEO Dr Felix A. Zimmermann at the
AGM. Above all, the Group has made progress in its project to further
develop its marketing and sales channels step by step. 'Our goal is to
evolve step by step from a direct marketing company to an integrated
multi-channel business. To this end, we have started a Group-wide strategic
initiative and are on a good course', summarised Zimmermann. The TAKKT
Group also further diversified its portfolio with the acquisition of GPA
(TAKKT AMERICA division) and Ratioform (TAKKT EUROPE), diversifying from a
product perspective and largely in terms of its sales channels. Overall,
TAKKT was able to increase its turnover in the financial year 2012 by 10.3
percent to EUR 939.9 million. The earnings figures also showed a similarly
positive trend.
Added value via acquisitions and concentration
TAKKT wants to continue this successful diversification of the portfolio in
the future. Other acquisitions are also under consideration here in
addition to the regional roll-out of successful business models to new
markets. The acquisition of established players in attractive niche markets
is a central component of the growth strategy. In addition to growth and
diversification, the Group benefits from the expertise that new
acquisitions bring to the corporate group. On the other hand, however,
TAKKT also works critically to develop the existing portfolio. If an
activity is unable to fulfil the expectations placed on it in the long
term, management reviews all strategic options based on a positive
understanding of corporate responsibility. As an example, last year this
led to the closure of Furnandi, cateringplanet.com and gaerner Spain.
Development of e-commerce
The e-commerce business again performed above average in 2012 and achieved
a share of 25.7 percent of order intake. TAKKT customers place great value
on advice, quality and service, and are looking for reliability and added
value in the provider of their choice. For this reason, TAKKT will continue
to differentiate itself, also in e-commerce, from pure transaction
platforms and online marketplaces by offering added services and advise.
On course in terms of sustainability
At last year's AGM in May 2012, TAKKT presented a sustainability report for
the first time - one that was certified 'C+' according to the GRI
classification. Furthermore, TAKKT set itself the goal of becoming the
worldwide role model for sustainability in its industry by 2016. 'We have
already made good progress towards integrating sustainability into our
entire value chain and anchoring it within the organisation', said Dr
Zimmermann, noting the progress in the area of sustainability. TAKKT has
summarised the results achieved so far in a progress report, which can be
accessed from today on the TAKKT website.
Outlook
In the first quarter of 2013, the turnover and earnings situation of TAKKT
Group continued to be influenced by the weakness of the European economy.
In line with expectations, the trend was more positive for the Group's
North American business. Thanks to the acquisitions in 2012, consolidated
turnover increased by 5.9 percent, acquisition- and currency-adjusted, it
fell by 9.5 percent due to market conditions. For 2013 as a whole, the
Management Board is keeping to the three forecast scenarios presented in
the annual report 2012, while still assessing the middle scenario as the
most likely. Here, the Management Board envisages unchanged or slightly
improved GDP growth rates in Europe and North America and expects TAKKT to
achieve acquisition- and currency-adjusted turnover growth of between one
and three percent in the current financial year and an EBITDA margin in the
upper third of the target corridor of 12 to 15 percent.
Short profile of 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 TAKKT subsidiaries
comprises more than 200,000 products for the areas of business and
warehouse equipment, classic and design-oriented office furniture and
accessories, transport packaging, display articles, supplies for retailers,
the food service industry and the hotel market.
TAKKT Group has over 2,500 employees and more than three million customers
worldwide. TAKKT AG is listed on the SDAX and was admitted to Deutsche
Boerse's Prime Standard on 01 January 2003.
Contacts:
Dr Felix A. Zimmermann, CEO, Tel. +49 711 3465-8201
Dr Claude Tomaszewski, CFO, Tel. +49 711 3465-8207
Email: investor(at)takkt.de
End of Corporate News
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Language: English
Company: TAKKT AG
Presselstr. 12
70191 Stuttgart
Germany
Phone: +49 (0)711 346 58 -0
Fax: +49 (0)711 346 58 - 10E-mail: investor(at)takkt.de
Internet: www.takkt.de
ISIN: DE0007446007
WKN: 744600
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;
Freiverkehr in Berlin, Düsseldorf, München
End of News DGAP News-Service
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