Germany's Takkt Q1 sales fall on weak demand, contract exit

Takkt AG

30/04/2026 06:41

Overview

Germany business equipment distributor's Q1 sales fell 10.3% yr/yr, organic sales down 6.7%

Adjusted EBITDA margin dropped to 2.4% from 4.9% due to lower sales and margin pressure

Company cites weak demand, currency effects, and contract business exit as main factors in results

Outlook

Takkt expects 2026 organic sales development between minus 7% and plus 3%

Company sees 2026 adjusted EBITDA margin in the range of 2% to 5%

Takkt expects positive free cash flow in 2026 unless EBITDA margin is at lower end of range

Result Drivers

WEAK CUSTOMER DEMAND - Takkt said economic and geopolitical uncertainty led customers to hold back on major project investments, especially in Europe

CURRENCY EFFECTS - Weaker US dollar accounted for just over one-third of the year-over-year sales decline

FOODSERVICES CONTRACT EXIT - Discontinuation of bid contract business in Foodservices weighed on organic growth and sales

Company press release: ID:nEQ2gn5Mha

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
EUR 225.70 mln
Q1 EPS
-EUR 0.08
Q1 Gross Margin
39.50%
Q1 EBIT
-EUR 2.70 mln
Q1 EBITDA
EUR 4.40 mln
Q1 EBITDA Margin
1.90%
Q1 EBIT Margin
-1.20%
Q1 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 €4.90, about 77.5% above its April 29 closing price of €2.76

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(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.)