TAKKT AG Stabilizes Sales Development and Generates Strong Cash Flow in Q4

TAKKT AG concluded the fourth quarter of 2024 with strong free cash flow and stabilized sales, reaching the upper end of its adjusted guidance. The company's management proposes a dividend of EUR 0.60 per share. Organic growth showed a decline of 15.4% for the year, while the adjusted EBITDA margin dropped to 6.9%.

Despite a challenging economic environment and internal issues, TAKKT improved cash flow through effective management of net working capital. The final quarter saw organic growth decrease by 11.5%, slightly better than the previous quarter, due to focused measures in different divisions. Gross profit margin fell to 36.6% due to non-recurring impacts, such as freight costs and inventory adjustments, affecting profit margins.

Looking forward, TAKKT remains cautious about economic conditions in 2025 but anticipates a gradual improvement in sales and EBITDA margin. The company plans to invest in growth and enhance systems and processes to support this development.