Germany's TAKKT 2025 prelim sales fall

Takkt AG

23/02/2026 20:00

Overview

Germany's business equipment distributor's preliminary 2025 sales fell 8.4% yr/yr

Adjusted EBITDA margin for 2025 was 3.8%, lower than anticipated

Company achieved positive free cash flow of EUR 10.3 mln in 2025

Outlook

TAKKT expects positive growth in the second half of 2026

Company anticipates positive free cash flow in 2026

TAKKT to release detailed 2026 guidance with 2025 annual report

Result Drivers

CASH FLOW IMPROVEMENTS - TAKKT generated positive free cash flow by improving cash conversion cycle, resulting in EUR 10.3 mln cash inflow

DIVISIONAL PERFORMANCE - Office Furniture & Displays division grew in display business, while Foodservices remained subdued

Company press release: ID:nEQ20LxVka

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
EUR 228 mln
Q4 EPS
-EUR 1.88
Q4 Gross Margin
35.80%
Q4 EBIT
-EUR 143.30 mln
Q4 EBITDA
-EUR 7.50 mln
Q4 EBITDA Margin
-3.30%
Q4 EBIT Margin
-62.90%
Q4 Organic Growth
-6.70%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the office equipment peer group is "buy"

Wall Street's median 12-month price target for Takkt AG is €6.90, about 92.7% above its February 23 closing price of €3.58

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 12 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)