TAKKT AG

TAKKT AG Releases Investor Presentation

Montega AG has rated TAKKT AG as a "Buy" with a revised 12-month price target of €8.00, down from €9.00. This update follows TAKKT's Q3 2025 report, which revealed a 9.1% year-over-year revenue decline but a positive free cash flow of €7.6 million. Montega noted ongoing challenges in TAKKT's core business segments and a revised full-year guidance from management.

Reuters

Montega AG Rates TAKKT AG a Buy With €8.00 Price Target

TAKKT AG reported a 7% decline in sales for the first nine months of 2025, totaling EUR 736.3 million, down from EUR 798.4 million in the previous year. The organic growth rate was minus 6.5%, with a gross profit margin of 39.0%. EBITDA fell to EUR 27.3 million from EUR 50.4 million, and the adjusted EBITDA margin decreased to 4.3%. Free cash flow was negative at EUR 1.7 million, although the third quarter saw positive free cash flow of EUR 7.6 million due to inventory reduction.

TAKKT AG Sales Fall 7% in First Nine Months of 2025

Lazard Small Caps Euro has increased its voting rights in TAKKT AG from 2.99% to 3.04%, a rise of 0.05%. This change reflects a higher stake in the company. The information was originally published by TAKKT AG via EQS News on September 12, 2025.

Lazard Small Caps Euro Increases Voting Rights in TAKKT AG to 3.04%, Up by 0.05%

TAKKT AG announced that Andreas Georg Weishaar, a member of its managing body, acquired shares in the company. The transactions occurred on September 4, 2025, with an aggregated volume of 161,528.48 EUR at an average price of 4.9313 EUR per share. The announcement serves as a notification of transactions by persons discharging managerial responsibilities.

TAKKT AG: Andreas Georg Weishaar, buy

TAKKT AG has reported internal dealings by board member Andreas Georg Weishaar, who purchased shares on September 3, 2025. The transactions included purchases worth 3,020.45 EUR, 849.20 EUR, and 850.08 EUR at prices of 4.8250 EUR and 4.8300 EUR per share, totaling 4,719.73 EUR. This announcement was published via EQS News on September 5, 2025.

TAKKT AG Announces Internal Dealings by Board Member Andreas Georg Weishaar Involving Commercial Paper Purchases

TAKKT AG has reported an internal dealing involving board member Timo Stephan Krutoff, who purchased shares on July 30, 2025, through the Tradegate exchange. This transaction reflects the company's commitment to transparency in financial dealings. The original announcement was published via EQS News on July 31, 2025.

TAKKT AG Announces Internal Dealing: Board Member Timo Stephan Krutoff Purchases Commercial Paper

Montega AG has updated its rating for TAKKT AG to "Buy" with a revised price target of 9.00 EUR, down from 11.00 EUR. This adjustment follows TAKKT's Q2 report, which showed a 7.7% year-over-year revenue decline and a lowered full-year guidance predicting an organic revenue drop of -9% to -2% for 2025. Despite challenges in the American office furniture market, TAKKT is optimistic about potential improvements in the automotive sector and aims for positive free cash flow and dividend distribution, alongside cost reductions through a new Shared Service Center in Hungary.

Montega AG Updates TAKKT AG Rating to "Buy" with Revised Price Target of 9.00 EUR

TAKKT AG has released a notification under Article 40, Section 1 of the WpHG regarding a change in voting rights. The announcement indicates that FMR LLC, based in Wilmington, USA, has crossed a 5% threshold downwards in its holdings. As of July 23, 2025, FMR LLC holds 8.51% of voting rights, a slight decrease from the previous 8.54%. The total number of voting rights is 65,610,331. This notification is part of a voluntary group notification triggered at the subsidiary level.

TAKKT AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

TAKKT AG reported a 7.1% decline in H1 revenue, totaling €491.7 million, with EBITDA down to €16.9 million. The company faced challenges from restrictive spending in the U.S. office equipment sector and U.S. import tariffs, leading to a decrease in EBITDA margin from 5.7% to 3.4%. TAKKT anticipates an organic growth rate between minus 9% and minus 2% for the full year, while aiming for annual savings of at least €30 million through its TAKKT Forward strategy. The adjusted EBITDA margin is expected to improve to between 4% and 6%.

TAKKT AG Reports 7.1% Decline in H1 Revenue, EBITDA Down to €16.9 Million

TAKKT AG is restructuring its Industrial & Packaging (I&P) division to enhance profitability amid economic uncertainty and tariff disputes affecting demand. In H1 2025, sales fell by 7.1% to EUR 491.7 million, with a significant decline in the Office Furniture & Displays division. The company is implementing a new operating model to improve efficiency and cash flow, expecting higher one-time expenses this year. Despite challenges, TAKKT aims to stabilize sales and enhance customer focus through automation and AI applications.

TAKKT AG: TAKKT streamlines I&P organizational structure and strengthens measures to safeguard profits

TAKKT AG has published preliminary figures for the first half of the year, reporting sales of EUR 491.7 million, down from EUR 529.4 million. The company adjusted its 2025 forecast, now expecting organic growth between -9% and -2%. EBITDA was EUR 16.9 million with a margin of 4.3%. Free cash flow was negative at EUR -9.3 million. One-time expenses are anticipated to exceed EUR 17.1 million. The EBITDA margin for the full year is expected to be between 4% and 6%. The management confirms its dividend policy for the coming year.

Takkt Adjusts Its Forecast For 2025

TAKKT AG reported a 7.1% decrease in sales for H1 2025, totaling EUR 491.7 million, with an adjusted EBITDA margin falling to 4.3%. The company experienced negative organic growth of 6.7% and a negative free cash flow of EUR 9.3 million. TAKKT revised its full-year outlook, expecting organic growth between -9% and -2%. The company is implementing a new operating model and aims to improve cash flow, projecting free cash flow in the low to mid double-digit million euro range by 2025.

TAKKT AG Reports 7.1% Decrease in Sales for H1 2025; Adjusted EBITDA Margin Falls to 4.3%

TAKKT AG has released an investor presentation detailing its business model, future strategy, and financial performance. The company, a leading B2B omnichannel distributor in Europe and North America, reported sales of €1.1 billion in 2024, with an adjusted EBITDA of €72.8 million and a free cash flow conversion rate of 122%. TAKKT serves over 500,000 active customers across various industries and provides insights into its sales distribution by channel, region, and customer groups. The full presentation is accessible via a provided link.

Strategy

TAKKT AG Unveils Investor Presentation Detailing Business Model, Future Strategy, and Financial Performance

TAKKT AG (ETR:TTK) has increased its debt to €123.8m, with net debt at €117.8m after accounting for €6.00m in cash. The company faces liabilities of €211.1m due within a year, exceeding its cash and receivables by €249.4m. Its debt to EBITDA ratio is 4.9, indicating some debt usage, but a weak interest cover of 2.0 raises concerns about high leverage. Despite a 75% drop in EBIT over the past year, TAKKT has generated more free cash flow than EBIT in the last three years, providing some optimism for shareholders. Overall, the debt situation appears risky, warranting caution.