TAKKT AG Outlines Strategy for Strengthened Resilience and Accelerated Growth

On March 28, 2024, Stuttgart-based TAKKT AG announced its strategic focus for the coming years, aiming to fortify its resilience in 2024 and set the stage for accelerated growth. The company's strategy rests on three pillars: Growth, OneTAKKT, and Caring, targeting market share increase, enhanced profitability, and robust cash generation.

The roadmap includes three phases: Restart (2021-2022) focusing on cultural and structural transformation, Resilience (2023-2024) emphasizing efficiency in a challenging economic climate, and Acceleration (2025-2028) aimed at growth and business model evolution.

CEO Maria Zesch highlighted the company's progress in integrating support functions and optimizing logistics and IT operations. However, economic headwinds like high interest rates and cost pressures have necessitated a focus on resilience through cost reductions and improved cash management.

For 2024, TAKKT aims to bolster its organic growth, achieve a 12 percent EBITDA margin, and maintain strong cash flows. The company also continues its commitment to corporate responsibility and sustainability, notably through its “enkelfähig” rating for eco-friendly products.

Despite a slow start to the year and subdued demand, TAKKT anticipates a gradual improvement and is working on reducing costs by at least EUR 15 million. The company projects an EBITDA margin (adjusted for one-time costs) between 8.0 to 9.5 percent and aims for a steady free cash flow development.

At the upcoming Shareholders’ Meeting on May 17, 2024, a dividend distribution of one euro per share will be proposed, with the election of two new Supervisory Board members also on the agenda. TAKKT looks forward to the contributions of candidates Hubertus Mühlhäuser and Stefan Räbsamen, leveraging their extensive experience in leadership and auditing.