TAKKT Maintains Stability Despite Economic Challenges

TAKKT AG reports a continued trend of stabilization amidst challenging market conditions. The company achieved sales of EUR 228.1 million in the second quarter, although organic sales were 5.4% lower compared to the previous year. Adjusted EBITDA margin was maintained at 3.3%, attributed to efficient cost management strategies.

The sale of XXLhoreca marks a strategic move to streamline TAKKT's portfolio. This decision is in line with the company's Forward strategy, emphasizing the importance of focusing on key profitable activities. In the US, the Office Furniture & Displays division recorded slight positive growth driven by office furniture demand.

Despite external economic pressures, including the conflict in Iran affecting the market environment, TAKKT remains optimistic about future growth. The company's cost-reduction initiatives, anticipated to save EUR 30 million, coupled with its operational adjustments, are set to improve profitability in the upcoming quarters. TAKKT confirms its guidance for organic sales development and EBITDA margin expectations for the rest of the year.