Think digital, act digital - Commerzbank Sector Conference, Frankfurt - TAKKT AG
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Think digital, act digital Commerzbank Sector Conference, Frankfurt
Agenda
1. Business model
2. Strategy
3. Key performance indicators
4. H1 2018 and outlook 2018
5. TAKKT share, dividend policy and equity story
TAKKT AG August 2018 Commerzbank Sector Conference, Frankfurt 2
Business model TAKKT AG August 2018 Commerzbank Sector Conference, Frankfurt 3
TAKKT is a portfolio of B2B direct marketing specialists TAKKT AG August 2018 Commerzbank Sector Conference, Frankfurt 4
TAKKT is organized into two segments and seven divisions
TAKKT EUROPE TAKKT AMERICA
Kaiser+Kraft Ratioform newport Hubert Central D2G NBF
group group group group group group group
TAKKT AG August 2018 Commerzbank Sector Conference, Frankfurt 5
Our divisions are product specialists and sell equipment and specialties with an overall
average order value of 460 EUR
TAKKT EUROPE TAKKT AMERICA
Kaiser+Kraft Ratioform newport Hubert Central D2G NBF
group group group group group group group
plant, warehouse packaging new business merchandising restaurant display office
and office solutions models and and food equipment products equipment
equipment start-ups equipment
TAKKT AG August 2018 Commerzbank Sector Conference, Frankfurt 6
Our market position – value-add services for customers beyond pure distribution
Personal advice Full service
• Experts help customers select the relevant product • Services range from personal advice, needs analysis,
• Sales representatives prepare personalized offers planning and offers through to delivery and assembly
of the products
• Product managers provide customized solutions and products on
request • Long warranty periods
• Availability guarantee and ordering of spare parts over
several years
Added
values
for our
Digital solutions customers Easy procurement process
• Customers are offered tailored web shops and access to • Customers choose from preselected products
e-procurement solutions • Customers place the order using their preferred sales
• New solutions are developed based on new technologies channel (online, print, tele and field activities)
and in collaboration with the customers
• Own warehouses ensure fast deliveries
• More portals with self-service features being built
• Innovative solutions can be tested through investments
in start-ups
TAKKT AG August 2018 Commerzbank Sector Conference, Frankfurt 7
Our multi-channel strategy offers multiple touch points for our customers according to
individual preferences
Customer Characteristics Channels
• Frequent and regular demand
Large
corporates • Focus on efficiency of procurement
process and services
• Customer lifetime value (loyal)
Mid-sized
corporates
• Less frequent, irregular demand
Small • Focus on price
businesses
• Transaction-oriented and less loyal
TAKKT AG August 2018 Commerzbank Sector Conference, Frankfurt 8
newport group established in January as an additional division
strategic target sales brands and start-up investments
• Bundle the web-based brands TAKKT start-up
OfficeFurnitureOnline, BiGDUG, investments
certeo and Mydisplays and TAKKT
start-up investments
• Provide an environment for the
development of younger, fast-
growing business models
• Allow a more independent
positioning in their branding,
product assortments and
technology
• Enable a better focus on the
requirements of smaller business
customers
TAKKT AG August 2018 Commerzbank Sector Conference, Frankfurt 9
B2B direct marketing: business model at a glance
• Most efficient way to market and distribute in
the B2B market
• Constant gain of market share versus local,
store-based retail network
• Clear business model which will benefit from
the trends towards e-commerce and
digitalization
• High profitability (EBITDA margin 12-15%)
with a comparably low capital need
(capex 1-2% of sales)
TAKKT AG August 2018 Commerzbank Sector Conference, Frankfurt 10Strategy TAKKT AG August 2018 Commerzbank Sector Conference, Frankfurt 11
Corporate goals and strategy by 2020
Grow profitably Digitalize the business model
• Long-term organic sales growth by an average of four to • Implementation of the digital agenda
five percent per year • Double e-commerce business from around
• Growth through opportunistic acquisitions EUR 450 million (2016) to EUR 900 million (2020)
(on average ca. five percent per year)
• EBITDA margin between 12 and 15 percent
Diversify risk Act sustainably
• Significant contributions to sales on at least two • Industry role model for sustainability
continents • Sustainability as built-in rather than an add-on
• Diversified share of sales with the manufacturing, in the day-to-day corporate management
trade and service sectors and government institutions
• Balanced product range
TAKKT AG August 2018 Commerzbank Sector Conference, Frankfurt 12Grow profitably:
Direct marketing is steadily gaining market share vs store-based business
multi-channel models TAKKT companies either run a
multi-channel or a web-focused
web-focused models model
70-90% 10-30%
TAKKT companies partially use
platform models
marketplaces as an additional sales
(marketplaces)
channel
Store-based businesses Direct-marketing
TAKKT AG August 2018 Commerzbank Sector Conference, Frankfurt 13Grow profitably:
M&A activity as further driver for growth
Acquisition criteria Acquisition goals
• Medium-sized market leaders or smaller add-ons • Additional growth
• Often family-owned businesses • Diversification of product range, customers and regions
• High gross profit and EBITDA margins • Gaining new expertise
• Scalable business model in B2B direct marketing • Talent acquisition
2000 2006 2007 2009 2012 2012 2014 2015 2015 2017 2018
TAKKT AG August 2018 Commerzbank Sector Conference, Frankfurt 14Grow profitably: Acquisition of OfficeFurnitureOnline at the end of January strengthens
newly established newport group
Product range Company and acquisition details
• OfficeFurnitureOnline (OFO) generated sales of roughly 40 million pounds and
an EBITDA margin in the low double-digit percentage range in 2016/2017.
• OFO primarily sells office furniture over the web shop and in addition some
warehouse and business equipment under the brand Equip4Work.
• For an online business, OFO was able to acquire a very loyal customer base of
primarily smaller to medium-sized businesses.
• The purchase price (cash free, debt free) was GBP 35 million with a further
potential and variable earn out of up to GBP 10 million.
• Founding family will remain responsible for management of the company.
TAKKT AG August 2018 Commerzbank Sector Conference, Frankfurt 15Grow profitably: KAISER+KRAFT group acquired Runelandhs at the end of May to
strengthen its market presence in the Nordics
Product range Company and acquisition details
• Runelandhs (founded in 1992) is based in Sweden and sells business and office
equipment using a multi-channel approach.
• In the 2017/2018 financial year, the company generated sales of ca. EUR 14m
and an EBITDA margin at the lower end of the TAKKT target corridor of 12 to
15%.
• With a complementary product range, attractive customer base and profitable
growth, Runelandhs is an ideal bolt-on acquisition for KAISER+KRAFT group's
existing activities in the Nordics which are bundled under the Gerdmans brand.
• Improved purchasing conditions and broadening the product range as well as
the ability to use the Gerdmans warehouse will unlock synergy potential.
• Together with Runelandhs, Gerdmans will become one of the leading direct
marketing companies for business and office equipment in Sweden.
TAKKT AG August 2018 Commerzbank Sector Conference, Frankfurt 16Grow profitably:
Balance between growth and profitability
Simplified P&L structure (in % of sales)
>40%
• TAKKT sees the combination of 4-5% organic-
growth on average and EBITDA margin of
between 12-15% as best balance to develop a
sustainable and profitable portfolio.
12-15%
• Starting point is a high gross profit margin which
is aimed to be above 40%.
gross profit sales & personnel other cost EBITDA
margin marketing (e.g. ware- margin target
housing, IT) corridor
TAKKT AG August 2018 Commerzbank Sector Conference, Frankfurt 17Digitalize the business model: our vision 2020
We want to double our e-commerce We strive to transform our organization
business until 2020 by creating an in a step change by putting digital first and
outstanding customer experience focusing on customer centricity.
through digitalization.
VISION
2020
We will invest up to EUR 50 million The implementation of our digital
until 2020 in our people and agenda will increase our midterm
new technologies. organic sales growth.
TAKKT AG August 2018 Commerzbank Sector Conference, Frankfurt 18Digitalize the business model:
Current measures of TAKKT´s digital agenda are structured along six areas
Strategy & Customer Organization & Data & Technology Process
Innovation Journey Culture Analytics Automation
• Marketplaces • Focused • Recruitment • Better use of • New ERP • Vendor
customer of 100 talents customer systems Integration
• Newport segmentation data
group • New ways of • Improve • Smart
• Personalized working • Business web-shop shipping
• TAKKT marketing Intelligence technology solutions
start-up • New
investments • Self service workspace • Digitalization
features of workflows
TAKKT AG August 2018 Commerzbank Sector Conference, Frankfurt 19Digitalize the business model: Our plan is to invest up to € 50 million until 2020 for the
implementation of our digital agenda and up to € 20 million for start-up investments
In EUR million 2016 2017 2018e 2019e 2020e
Additional personnel expenses year-on-year 0.6 3.9 4
5 5
Other expenses 1.9 3.8 4
Capital expenditure 1.4 8.7 8 5 5
Digital agenda investments 3.9 16.5 16 10 10
TAKKT Start-up investments 1.0 4.5 4 4 4
TAKKT AG August 2018 Commerzbank Sector Conference, Frankfurt 20Diversify risks:
Diversification on regions, customers and product ranges
Regions Customer groups Product ranges
2%
20% 14% 18%
29% 28%
9%
2017 48% 2017 2017
14% 19%
12% 15%
23% 26% 23%
North America Manufacturing Storage and Transport
Trade Plant and Environment
Germany
Services Office
Europe without Germany Non-profit and public organizations Food and Dining
Others Packaging and Shipping
Sales Promotion
Others
Balanced contribution to sales Low dependency from single Broad product portfolio –
from two continents customer groups multi-purpose use
TAKKT AG August 2018 Commerzbank Sector Conference, Frankfurt 21Act sustainably:
Role model for sustainability in our industry
Efficiency of the direct marketing model Activities along the value chain
Direct marketing is more carbon-efficient than local stores Expansion of the supplier evaluation program
Lower carbon footprint by increased efforts to further Carbon-neutral print advertising
reduce or compensate for emissions
(e.g. carbon-neutral shipping) Emissions from parcel and cargo shipments
to be offset to a large degree
Compliance and reporting Ambitious targets for 2020
Compliance with UN Global Compact since 2012 TAKKT has defined non-financial performance
indicators and determined goals and
Reporting according to most recent GRI standards at measures to be achieved by 2020
“comprehensive” application level
Focus areas entail sourcing, marketing, logistics,
resources & climate, employees and society
TAKKT AG August 2018 Commerzbank Sector Conference, Frankfurt 22Key performance indicators TAKKT AG August 2018 Commerzbank Sector Conference, Frankfurt 23
Overview of key performance indicators
Financial key figures Product range figures Digital agenda indicators
• Organic sales development • Share of private labels in order intake • Launched and completed measures
• Number of orders and average order • Share of direct imports in purchase • Newly created positions
value volume • Additional personnel expenses
• Gross profit margin • Other expenses
• EBITDA margin • Capital expenditure and start-up
• TAKKT cash flow margin investments
• Capital expenditure ratio • Organic e-commerce growth
• Share of e-commerce in order intake
Value-based figures Internal covenants Sustainability indicators
• TAKKT value added • Equity ratio • A total of 16 indicators across the six
• Return on Capital Employed (ROCE) • Debt repayment period focus areas sourcing, marketing,
• Interest cover logistics, resources & climate,
• Gearing (debt-equity ratio) employees and society
TAKKT AG August 2018 Commerzbank Sector Conference, Frankfurt 24Financial key figures in EUR million 2013 2014 2015 2016 2017 Organic sales development in percent -2.6 5.5 4.7 5.2 0.4 Number of orders in thousand 2,171 2,182 2,225 2,409 2,465 Average order value in EUR 440 450 482 469 458 Gross profit margin in percent 43.6 42.6 42.6 42.6 42.5 EBITDA margin in percent 12.9 14.0 14.8 15.2 13.5 TAKKT cash flow margin in percent 8.8 10.1 10.7 11.2 9.8 Capital expenditure ratio in percent 1.0 1.4 1.3 1.5 2.1 TAKKT AG August 2018 Commerzbank Sector Conference, Frankfurt 25
Product range figures
Share of private labels in order intake (in %) Share of direct imports in purchase volume (in %)
20.7%
18.3% 15.5%
15.9% 13.7%
13.9% 14.7% 12.1%
9.6% 10.0%
2013 2014 2015 2016 2017 2013 2014 2015 2016 2017
TAKKT AG August 2018 Commerzbank Sector Conference, Frankfurt 26Value-based figures
TAKKT value added (in EUR million) Return on Capital Employed (in %)
16.5%
15.7%
50.4 14.4% 14.6%
46.8
12.5%
36.9
26.5
18.0 43.1
38.3
28.5
18.9
9.7
2013 2014 2015 2016 2017 2013 2014 2015 2016 2017
TAKKT Value Added (TVA)
TVA adjusted for amortization of intangible assets resulting
from acquisitions and the related tax impact.
TAKKT AG August 2018 Commerzbank Sector Conference, Frankfurt 27Internal covenants
Equity ratio (in %) Debt repayment period (in years)
61.2% 3.6
55.2%
49.1%
43.8% 2.5
39.0% 2.2
1.6
1.4
2013 2014 2015 2016 2017 2013 2014 2015 2016 2017
Interest cover Gearing
18.3 0.8
16.3
14.4 0.6
0.5
9.8
6.4 0.3
0.2
2013 2014 2015 2016 2017 2013 2014 2015 2016 2017
TAKKT AG August 2018 Commerzbank Sector Conference, Frankfurt 28Digital agenda indicators
Number of digital talents Organic e-commerce growth (in percent)
10.6% 10.2%
100
88
78 7.9%
60
26
2016 H1/17 2017 H1/18 2018e 2016 2017 H1/18
Launched and completed measures Share of e-commerce in order intake (in percent)
100
51.2%
46.8%
43.9%
36.5%
53 30.1%
27
7 Launched
Completed
2016 2017 2014 2015 2016 2017 H1/18
TAKKT AG August 2018 Commerzbank Sector Conference, Frankfurt 29Sustainability indicators
Focus area Key figure 2015 2016 2017
Share of sourcing volume from certified suppliers 36.3% 40.5% 46.8%
Sourcing Share of direct imports sourcing volume from certified suppliers 39.8%
Share of sales from sustainable product ranges 9.6% 9.8% 9.3%
Carbon-neutral web shops for major companies 7
Marketing Paper consumption print advertising materials per order 5.4kg
Share of carbon-neutral advertising materials 12.1%
Share of carbon-neutral parcel delivery 91.4%
Logistics
Share of carbon-neutral general cargo delivery 44.7%
Major companies with carbon footprint 10 10 13
Resources and Major companies with a certified environmental mgmt. system 3 3 6
Climate Major companies with a certified energy management system 4
Energy consumption at GER / US locations per order in megajoule 70.6
Share of retained „digital talents“ 90.9%
Employees
Share of women in top executive positions 10.5%
Percentage of employees who have the opportunity to take a paid leave for local
37.9% 41.2% 65.7%
Society volunteer involvement
Percentage of employees who took part in local volunteer projects 15.1%
Five key figures from the sustainability program of measures from 2011 to 2016 are still included in the new program. New indicators are being reported for the first time for 2017.
TAKKT AG August 2018 Commerzbank Sector Conference, Frankfurt 30H1 2018 and outlook TAKKT AG August 2018 Commerzbank Sector Conference, Frankfurt 31
TAKKT Group with improved growth after a weaker start to the year
Sales (in EUR million) EBITDA (in EUR million) and margin (in %)
565.0 567.2 82.0
69.0
14.5%
12.2%
H1/17 H1/18 H1/17 H1/18
• Sales increase by 0.4%. Currency effects have negative • EBITDA margin at 12.2% (14.5%).
impact of -5.9%, recent acquisitions add 4.5%. • Decrease in profitability due to lower gross profit margin
• Organic sales growth of 1.8%. and higher cost ratios.
• Lower gross profit margin predominantly due to higher
freight costs; in addition structural impact from acquisitions.
• Additional expenses for the digital transformation and slow
sales growth main reasons for higher cost ratios.
TAKKT AG August 2018 Commerzbank Sector Conference, Frankfurt 32Substantial contributions from acquisitions add to organic growth at TAKKT EUROPE
Sales (in EUR million) EBITDA (in EUR million) and margin (in %)
55.3 53.3
319.5
289.6
19.1%
16.7%
H1/17 H1/18 H1/17 H1/18
• Sales increase of 10.3% with slightly negative currency • EBITDA margin at 16.7% (19.1%).
effects (-1.7%) and good contributions from acquisitions • Decrease in profitability primarily a result of a lower gross
(8.8%). profit margin including a structural impact from acquisitions.
• Organic sales growth of 3.2%. • Additional expenses for digital transformation also weighed
• KAISER+KRAFT with solid increase and Ratioform with on earnings.
high-single-digit growth.
TAKKT AG August 2018 Commerzbank Sector Conference, Frankfurt 33Solid organic growth rates at all TAKKT AMERICA divisions with the exception of Hubert
Sales (in EUR million) EBITDA (in EUR million) and margin (in %)
275.6 32.6
247.9
23.4
11.8%
9.4%
H1/17 H1/18 H1/17 H1/18
• Sales decrease by -10.0% due to currency effects (-10.4%). • EBITDA margin at 9.4% (11.8%).
• Organic sales growth of 0.4%. • Decrease in profitability due to lower gross profit margin as
• Central, D2G and NBF with solid to good organic growth, well as higher cost ratios.
Hubert with a high single-digit decline. • All divisions with higher freight costs, in addition gross profit
margin decreased due to a new framework agreement with a
major customer at Hubert.
• Lack of growth main reason for increased cost ratios.
TAKKT AG August 2018 Commerzbank Sector Conference, Frankfurt 34Lower US tax rate and improved financial result with positive impact on Group cash flow
TAKKT cash flow (in EUR million) and margin (in %)
in EUR million H1/17 H1/18
profit 42.3 37.9
58.5 + depreciation +13.9 +14.1
52.9
+/- deferred taxes expense/income +2.3 +0.9
TAKKT cash flow 58.5 52.9
10.4% 9.3%
in EUR million H1/17 H1/18
EBITDA 82.0 69.0
- financial result -4.4 -2.9
H1/2017 H1/2018
- current taxes -19.1 -13.2
• Decrease in TAKKT cash flow markedly less than decline in
EBITDA due to a lower US tax rate and improved financial TAKKT cash flow 58.5 52.9
result.
TAKKT AG August 2018 Commerzbank Sector Conference, Frankfurt 35Cash flow generation
in EUR million H1/17 H1/18
TAKKT cash flow 58.5 52.9 • Improved financial result and lower current
taxes could partially offset the decline in
Change in net working capital as well as other EBITDA.
+5.0 -9.5
adjustments
• Different dynamic in Q2 versus previous
Cash flow from operating activities 63.5 43.4 year´s period has led to a higher increase in
inventory and trade receivables of EUR
Capital expenditure in non-current assets -13.3 -13.4 10m.
Proceeds from disposal of non-current assets +0.1 +0.2 • Capital expenditure similar to prior year
Free TAKKT cash flow with continued investments into digital
(for acquisitions, payout to shareholders and 50.3 30.2 agenda
loan repayments)
TAKKT AG August 2018 Commerzbank Sector Conference, Frankfurt 36Balance sheet
Net financial liabilities (in EUR million) Equity ratio (in %)
61.2%
201.0 56.7%
135.2
12/31/2017 06/30/2018 12/31/2017 06/30/2018
• Payments for the acquisitions of OfficefurnitureOnline and • Equity ratio decreased primarily due to the increase in net
Runelandhs, a deferred payment for Post-Up Stand and the financial liabilities.
dividend led to increase in financial liabilities.
TAKKT AG August 2018 Commerzbank Sector Conference, Frankfurt 37Organic growth overview Organic growth 2016 Q1/17 Q2/17 Q3/17 Q4/17 2017 Q1/18 Q2/18 H1/18 TAKKT Group +5.2% +4.1% -2.3% -0.1% -0.1% +0.4% -1.0% +4.7% +1.8% TAKKT Europe +3.5% +6.6% -2.5% +4.6% +2.2% +2.6% +0.6% +5.9% +3.2% TAKKT America +7.0% +1.5% -2.2% -3.8% -2.6% -1.9% -2.8% +3.5% +0.4% TAKKT AG August 2018 Commerzbank Sector Conference, Frankfurt 38
Outlook 2018: Brand consolidation and a new contract will weigh on organic sales
growth and EBITDA margin
TAKKT EUROPE TAKKT AMERICA Impact on the Group
Negative effects on organic growth
Organic Negative effect on organic growth from
sales from consolidation of gaerner with • phase-out of DallasMidwest
Kaiser+Kraft brand in 4 markets within NBF group
Minus one percentage point
growth • New contract with a major
Hubert customer
EBITDA New contract with a major Hubert
customer will have negative impact Minus half a percentage point
margin
on profitability
TAKKT AG August 2018 Commerzbank Sector Conference, Frankfurt 39Outlook 2018: Organic growth expected to be higher than in the previous year
TAKKT EUROPE TAKKT AMERICA Forecast TAKKT Group
• GDP growth similar to 2017 • Slightly higher GDP growth than
• Industry indicators, especially PMI 2017 Organic sales growth
point to a positive environment in • Industry indicators currently imply 2 – 4%
the first half of 2018 similar economic environment as in
previous year
• Uncertainty in some market EBITDA margin
segments 13 - 14%
• TAKKT expects the EBITDA margin to pick up in the second half of 2018 and for the full year to come in towards the lower end of
the initially guided corridor of 13 to 14 percent. Depending on the further development of ongoing trade disputes, an EBITDA
margin slightly below 13 percent cannot be ruled out.
TAKKT AG August 2018 Commerzbank Sector Conference, Frankfurt 40Outlook 2018: Acquisitions as additional growth driver while FX effects are expected to
impact growth negatively
• Positive effects of ca. 5pp on reported growth are expected from acquisitions
• Mydisplays acquired in July 2017,
• OfficeFurnitureOnline acquired end of January 2018,
• Runelandhs acquired end of May 2018.
• Fluctuations in the EUR/USD rate have a significant impact on the Group’s key figures reported in euros (translation risk)
• A softer USD by 5% against the previous year will negatively impact reported sales in euro by 2 to 2.5pp
• The year-to-date average EUR/USD rate (1.1991) is currently 6 percent weaker than the average rate for the full year 2017
(1.1272)
• Given current FX rates, the currency impact in the second half of the year would be lower than in the first half.
TAKKT AG August 2018 Commerzbank Sector Conference, Frankfurt 41TAKKT share, dividend policy
and equity story
TAKKT AG August 2018 Commerzbank Sector Conference, Frankfurt 42TAKKT share performance, shareholder structure and analyst recommendations
Total Shareholder Return: TAKKT and indices Shareholder structure
200
Franz Haniel &
49.8% 50.2% Cie.
Free float
150
Analyst recommendations
100
4 Buy
Hold
50 6
TAKKT DAX MDax SDAX
Average price target of EUR 19.5
TAKKT AG August 2018 Commerzbank Sector Conference, Frankfurt 43TAKKT dividend policy
Reliable dividend policy Attractive dividend
• Future payout ratio within a corridor of 35 to 45 percent of the profit Annual payment of base dividend
increased or stable since IPO in 1999
• TAKKT aims for a consistent and reliable dividend stream
Payout for 2017
• Willingness to return funds to shareholders via a special dividend when equity
ratio is high and funds cannot be reinvested. Payment of special dividend in EUR 0.55 per share
2007, 2008 and 2011.
Dividend per share in Euro
0.85
0.80 0.80
0.53
0.48 0.48
0.55 0.55
0.50
0.32 0.32 0.32 0.32 0.32
0.32 0.32 0.32
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
TAKKT AG August 2018 Commerzbank Sector Conference, Frankfurt 44TAKKT equity story at a glance
TAKKT is a worldwide, diversified portfolio of B2B direct-marketing Gross profit margin > 40% (target)
specialists for business equipment 38.5% 40.5% 41.4% 43.3% 42.5%
Group companies are market-leaders in attractive market niches 1999 2003 2008 2012 2017
with high operational margins EBITDA margin 12-15% (target)
14.3% 14.2% 13.5%
11.2% 11.2%
Growth opportunities through organic initiatives (digital agenda)
1999 2003 2008 2012 2017
as well as upside from opportunistic acquisitions
TAKKT cash flow margin > 8% (target)
10.4% 9.9% 9.8%
7.4% 7.3%
EBITDA margin corridor between 12 and 15% 1999 2003 2008 2012 2017
Reliable dividend payouts (in EUR)
Dividend EPS
Business model generates high free cash flows and allows stable dividend payouts 1.02 1.00
1.24 1.39 1.47
0.80
0.50 0.55 0.55
0.32 0.32 0.32
Stable, long-term oriented shareholder structure with Franz Haniel & Cie. GmbH 2012 2013 2014 2015 2016 2017
as majority shareholder
TAKKT AG August 2018 Commerzbank Sector Conference, Frankfurt 45TAKKT investor relations
IR Contact Upcoming Events
Christian Warns / Benjamin Bühler August
Phone: +49 711 3465-8222 / -8223 30. Commerzbank Sector Conference, Frankfurt/Germany
Fax: +49 711 3465-8100
e-mail: investor@takkt.de September
05. GBC Zürcher Kapitalmarktkonferenz, Zürich/Switzerland
www.takkt.com 25. Berenberg/Goldman Sachs GCC, München/Germany
TAKKT AG is headquartered in Stuttgart, Germany.
Basic data TAKKT share Historic share price development (Xetra)
ISIN / WKN / Ticker DE0007446007 / 744600 / TTK 24
TAKKT AG
No. shares 65,610,331 22
Type No-par-value bearer shares 20
Share capital EUR 65,610,331 18
Listing September 15, 1999
16
Index SDAX, prime standard
14
Designated sponsors Equinet, Oddo Seydler, Hauck & Aufhäuser Aug Oct Dec Feb Apr Jun Aug
TAKKT AG August 2018 Commerzbank Sector Conference, Frankfurt 46You can also read
