TAKKT AG

Takkt AG is a Germany-based management holding company of a group of business-to-business (B2B) mail-order companies for business equipment solutions in over 25 countries located in Europe and North America. The Company operates through two divisions: TAKKT EUROPE and TAKKT AMERICA. TAKKT EUROPE comprises the three sub-groups Business Equipment Group (BEG) as well as Office Equipment Group (OEG) and Packaging Solutions Group (PSG). TAKKT AMERICA contains the two sub-groups, including Specialties Group (SPG) and Office Equipment Group (OEG). The Company is active through such brands as: Ratioform, Gaerner, Topdeq, Hubert, Avenue, Gerdmans and Kwesto, among others. The Company operates BigDug Ltd as a wholly owned subsidiary. The Company also operates as venture capital company through TAKKT Beteiligungsgesellschaft mbH (TBG).

Executive
Full List of Officers

Stephan Gemkow
Chairman of the Supervisory Board
Start date: 2013-2-1

Felix Zimmermann
Chairman of the Management Board, Chief Executive Officer, Chief Operating Officer of TAKKT AMERICA

Johannes Haupt
Deputy Chairman of the Supervisory Board
Start date: 2014-9-15

Claude Tomaszewski
Chief Financial Officer, Member of the Management Board
Start date: 2011-11-1

Heiko Hegwein
Member of the Management Board
Start date: 2018-2-1

Dirk Lessing
Member of the Management Board
Start date: 2014-1-1

Florian Funck
Member of the Supervisory Board
Start date: 2004-6-1

Thomas Kniehl
Member of the Supervisory Board

Dorothee Ritz
Member of the Supervisory Board

Christian Wendler
Member of the Supervisory Board

Date of incorporation 1999-03-01
Country of incorporation
Phone +49 711 346580
Fax +49 711 34658100
Investor relations contact

+49 711 34658222

Free float 32621457
Security description Common Stock
Main venue XETRA
Ticker at main venue TTK
Location

Presselstrasse 12
70191 STUTTGART

Share price
/
 
Earnings per share
=
12.85
(
 
Share price
x
 
Shares
+
 
Net debt
) /
 
EBIT
=
INF
Price
x
 
Shares
/
 
Net Sales
=
1.04
(
 
Share price
x
 
Shares
+
 
Net debt
) /
 
Net sales
=
1.17
Price
x
 
Shares
/
 
Own capital
=
2.18
Earnings per share
x
 
Shares
/
 
Own capital
=
0.17%
Dividend per share
/
 
Price
=
-0.03%
2017 2016 2015 2014 2013
Income statement
Revenue 1,116.08 1,125.05 1,063.77 980.39 952.54
Other Revenue, Total
Total Revenue 1,116.08 1,125.05 1,063.77 980.39 952.54
Revenue Change -0.8% 5.8% 8.5% 2.9% 1.3%
Cost of Revenue, Total 642.17 645.67 610.53 562.92 536.88
Gross Profit 473.92 479.38 453.23 417.47 415.66
Selling/General/Admin. Expenses, Total 207.69 208.01 194.39 181.87 179.24
EBITDA 151.34 171.12 158.04 137.21 123.33
EBITDA margin (%) 13.6% 15.2% 14.9% 14% 12.9%
Research & Development
Depreciation/Amortization 27.06 29.04 27.85 26.50 26.62
Interest Exp.(Inc.),Net-Operating, Total
Unusual Expense (Income) 1.76 1.83 -1.74 2.08 8.15
Other Operating Expenses, Total 113.13 98.42 102.54 96.32 104.93
Total Operating Expense 992.87 983.00 934.40 869.58 856.71
Operating Income 123.22 142.05 129.36 110.80 95.83
EBIT margin (%) 11.1% 12.6% 12.2% 11.3% 10.2%
Interest Inc.(Exp.),Net-Non-Op., Total
Gain (Loss) on Sale of Assets
Other, Net -1.84 -3.66 -2.50 -1.34 -1.27
Net Income Before Taxes 115.02 132.54 119.91 99.34 81.19
Provision for Income Taxes 18.69 41.16 38.88 33.68 28.70
Net Income After Taxes 96.34 91.38 81.03 65.66 52.49
Minority Interest 0.00 0.00 0.00
Equity In Affiliates
U.S. GAAP Adjustment
Net Income Before Extra. Items 96.34 91.38 81.03 65.66 52.49
Total Extraordinary Items
Net Income 96.34 91.38 81.03 65.66 52.49
Total Adjustments to Net Income
Income Available to Com Excl ExtraOrd 96.34 91.38 81.03 65.66 52.49
Income Available to Com Incl ExtraOrd 96.34 91.38 81.03 65.66 52.49
Dilution Adjustment
Diluted Net Income 96.34 91.38 81.03 65.66 52.49
Diluted Weighted Average Shares 65.61 65.61 65.61 65.61 65.61
Diluted EPS Excluding ExtraOrd Items 1.47 1.39 1.24 1.00 0.80
DPS - Common Stock Primary Issue 0.55 0.55 0.50 0.32 0.32
Diluted Normalized EPS 1.49 1.41 1.22 1.02 0.88
Balance sheet
Cash 2.95 2.16 3.16 3.88 5.74
Cash & Equivalents 0.11 0.11 0.10 0.16 0.12
Short Term Investments
Cash and Short Term Investments 3.05 2.27 3.26 4.04 5.86
Accounts Receivable - Trade, Net 102.92 103.73 94.02 83.25 86.35
Total Receivables, Net 126.28 127.61 115.98 104.93 106.97
Total Inventory 102.07 108.18 103.81 82.56 83.43
Prepaid Expenses 3.81 5.27 5.08 4.79 6.04
Other Current Assets, Total 0.62 0.75 0.45 22.55 0.51
Total Current Assets 235.82 244.08 228.58 218.87 202.81
Property/Plant/Equipment, Total - Gross 228.06 227.86 221.84 212.16 209.34
Accumulated Depreciation, Total -127.15 -122.10 -113.01 -100.00 -94.42
Property/Plant/Equipment, Total - Net 100.91 105.76 108.83 112.16 114.93
Goodwill, Net 513.85 545.80 540.27 474.72 449.85
Intangibles, Net 69.16 74.63 83.68 74.06 80.38
Long Term Investments 0.83 0.56 0.02 0.02 0.02
Note Receivable - Long Term
Other Long Term Assets, Total 7.89 3.11 2.78 2.65 3.79
Total Assets 928.46 973.94 964.16 882.48 851.77
Accounts Payable 30.22 33.93 27.89 26.59 26.63
Payable/Accrued
Accrued Expenses 23.79 22.43 21.27 17.89 18.48
Notes Payable/Short Term Debt 7.70 59.61 42.43 71.55 4.20
Current Port. of LT Debt/Capital Leases 29.01 22.19 31.18 24.70 21.57
Other Current liabilities, Total 47.10 54.60 53.22 114.02 48.41
Total Current Liabilities 137.81 192.75 175.98 254.76 119.29
Long Term Debt 75.11 69.16 142.38 91.93 217.64
Capital Lease Obligations 26.44 28.85 31.30 33.40 35.43
Total Long Term Debt 101.55 98.01 173.68 125.33 253.07
Total Debt 138.26 179.81 247.29 221.58 278.84
Deferred Income Tax 56.09 77.11 70.05 57.51 51.81
Minority Interest
Other Liabilities, Total 65.19 68.30 71.05 58.13 95.11
Total Liabilities 360.64 436.18 490.76 495.72 519.29
Redeemable Preferred Stock, Total
Preferred Stock - Non Redeemable, Net
Common Stock, Total 65.61 65.61 65.61 65.61 65.61
Additional Paid-In Capital
Retained Earnings (Accumulated Deficit) 519.59 459.34 400.77 340.73 296.06
Treasury Stock - Common
ESOP Debt Guarantee
Unrealized Gain (Loss)
Other Equity, Total -17.38 12.81 7.02 -19.59 -29.19
Total Equity 567.82 537.76 473.40 386.76 332.48
Total Liabilities & Shareholders Equity 928.46 973.94 964.16 882.48 851.77
Total Common Shares Outstanding 65.61 65.61 65.61 65.61 65.61
Total Preferred Shares Outstanding
Tangible Book Value per Share, Common Eq -0.23 -1.26 -2.29 -2.47 -3.01
Cashflow
Net Income/Starting Line 96.34 91.38 81.03 65.66 52.49
Depreciation/Depletion 27.10 29.22 27.96 26.53 26.92
Amortization
Deferred Taxes -14.36 5.03 5.18 6.48 3.98
Non-Cash Items 3.73 -3.95 1.77 7.00 4.84
Changes in Working Capital -12.49 -5.08 -28.50 -4.46 -10.57
Cash from Operating Activities 100.32 116.60 87.44 101.22 77.67
Capital Expenditure -27.78 -17.36 -14.24 -13.55 -9.60
Other Investing Cash Flow Items, Total -6.35 1.70 -75.88 0.34 0.29
Cash from Investing Activities -34.12 -15.66 -90.12 -13.21 -9.31
Financing Cash Flow Items
Total Cash Dividends Paid -36.09 -32.81 -21.00 -21.00 -21.00
Issuance (Retirement) of Stock, Net
Issuance (Retirement) of Debt, Net -29.32 -69.14 22.90 -68.67 -47.33
Cash from Financing Activities -65.41 -101.94 1.91 -89.67 -68.33
Foreign Exchange Effects -0.16 -0.13
Net Change in Cash 0.79 -1.00 -0.78 -1.81 -0.09
Cash Interest Paid 5.52 5.81 6.34 8.50
Cash Taxes Paid 39.81 40.37 27.10 28.67
Values are in EUR and expressed in million