TAKKT AG Annual report
OF TAKKT GROUP 2023
Selected key figures
Sales in EUR million | Earnings per share in EUR | |
1,213.7 | 1,336.8 | 1,240.0 | |||||||
1,067.4 | 1,178.0 | 1.14 | |||||||
0.90 | |||||||||
0.87 | |||||||||
0.57 | |||||||||
0.38 | |||||||||
2019 | 2020 | 2021 | 2022 | 2023 | 2019 | 2020 | 2021 | 2022 | 2023 |
EBITDA in EUR million | Cash flow per share in EUR | |
150.2 | 132.1 | ||||||||
1.41 | 1.46 | ||||||||
112.6 | 111.9 | ||||||||
92.6 | 1.14 | ||||||||
0.84 | |||||||||
0.36 | |||||||||
2019 | 2020 | 2021 | 2022 | 2023 | 2019 | 2020 | 2021 | 2022 | 2023 |
Free cash flow in EUR million | Dividend per share in EUR | |
1.10 | 1.10 | 1.00 | 1.00* | ||||||
92.8 | 96.0 | ||||||||
74.0 | |||||||||
55.0 | |||||||||
23.8 | |||||||||
0.00 | |||||||||
2019 | 2020 | 2021 | 2022 | 2023 | 2019 | 2020 | 2021 | 2022 | 2023 |
* Dividend proposal for the financial year 2023.
TAKKT Group | 2 |
Key figures of TAKKT Group
in EUR million | 2019 | 2020 | 2021 | 2,022 | 2,023 | |||||
Sales | 1,213.7 | 1,067.4 | 1,178.0 | 1,336.8 | 1,240.0 | |||||
Change in % | 2.8 | - 12,0 | 10.4 | 13.5 | - 7.2 | |||||
Gross margin | 501.4 | 423.7 | 473.1 | 525.7 | 493.4 | |||||
in % of sales | 41.3 | 39.7 | 40.2 | 39.3 | 39.8 | |||||
EBITDA | 150.2 | 92.6 | 112.6 | 132.1 | 111.9 | |||||
in % of sales | 12.4 | 8.7 | 9.6 | 9.9 | 9.0 | |||||
EBIT | 108.8 | 52.4 | 73.9 | 80.8 | 38.9 | |||||
in % of sales | 9.0 | 4.9 | 6.3 | 6.0 | 3.1 | |||||
Profit before tax | 100.6 | 46.6 | 72.8 | 75.9 | 30.1 | |||||
in % of sales | 8.3 | 4.4 | 6.2 | 5.7 | 2.4 | |||||
Profit | 74.7 | 37.2 | 57.0 | 59.3 | 24.6 | |||||
in % of sales | 6.2 | 3.5 | 4.8 | 4.4 | 2.0 | |||||
Operating capital expenditure for investments | 21.2 | 12.2 | 18.3 | 14.6 | 15.9 | |||||
Free cash flow | 92.8 | 96.0 | 23.8 | 55.0 | 74.0 | |||||
Capital expenditure for acquisitions | 20.7 | 0.0 | 0.0 | 0.0 | 0.0 | |||||
Depreciation, amortization and impairment | 41.4 | 40.2 | 38.7 | 51.3 | 73.0 | |||||
Earnings per share in EUR | 1.14 | 0.57 | 0.87 | 0.90 | 0.38 | |||||
Free cash flow per share in EUR | 1.41 | 1.46 | 0.36 | 0.84 | 1.14 | |||||
Dividend per share in EUR | 0.00 | 1.10 | 1.10 | 1.00 | 1.00* | |||||
Non-current assets | 835.5 | 781.1 | 812.2 | 781.5 | 730.3 | |||||
in % of total assets | 75.9 | 77.8 | 72.8 | 69.7 | 72.5 | |||||
Total equity | 644.2 | 649.6 | 694.0 | 699.8 | 642.7 | |||||
in % of total assets | 58.5 | 64.7 | 62.2 | 62.4 | 63.8 | |||||
Net financial liabilities | 189.8 | 75.4 | 105.0 | 116.7 | 106.0 | |||||
Total assets | 1,100.7 | 1,004.3 | 1,115.4 | 1,121.5 | 1,006.8 | |||||
ROCE (Return on Capital Employed) in % | 11.1 | 5.6 | 8.0 | 8.4 | 4.2 | |||||
TAKKT value added | 9.8 | - 23.2 | - 3.1 | - 1.5 | - 30.6 | |||||
Employees (full-time equivalent) at year-end | 2,483 | 2,327 | 2,496 | 2,437 | 2,385 |
*Dividend proposal for the financial year 2023.
TAKKT Group | 3 |
Group structure
INDUSTRIAL & | OFFICE | |||||||||
FURNITURE & | FOODSERVICE | |||||||||
PACKAGING | ||||||||||
DISPLAYS | ||||||||||
Operations | Technology & Data | |||||||||
Human Resources | Finance | |||||||||
FUNCTIONSGROUP DIVISIONS
TAKKT Group | 4 |
Content
About TAKKT
To the shareholders
17 › Interview with the Management Board
21 › Members of the Management Board
22 › TAKKT share and investor relations
26 › Supervisory Board report
29 › Members of the Supervisory Board
Management report
31 › Business activities
31 › Organization and business areas
34 › Market position and competitive environment
37 › Corporate goals and strategy
43 › Management system
45 › Employees
47 › Corporate Governance and further legal information
48 › Fiscal year
48 › General conditions
50 › Sales and earnings review
55 › Financial position
59 › Assets position
61 › Company performance
64 › Comparisonof actual and forecast development
66 › Economic Development of
TAKKT AG
68 › Outlook
68 › Risk and opportunities report
82 › Forecast report
Consolidated financial statements
86 › Consolidated statement of income
87 › Consolidatedstatement of
comprehensive income
88 › Consolidatedstatement of financial position
89 › Consolidatedstatement of changes in total equity
90 › Consolidated statement of cash flows
91 › Notes to the consolidated financial statements
Further disclosures
164 › Responsibilitystatement by the Management Board
165 › Independentauditors' report
175 › Remuneration report
Sustainability report
190 › Introduction
192 › Sustainability strategy
197 › Governance
199 › Climate & Environment
204 › Products
207 › Supply chain
208 › Social
212 › Non -financial declaration, EU taxonomy, GRI Content Index
223 › Report of the independent auditor
TAKKT Group | 5 |
About TAKKT › Our Vision
Our Vision
BRINGING NEW WORLDS OF WORK TO LIFE
By caring about environmental resources, people and customer success
TAKKT Group | 6 |
About TAKKT › Our Vision
Well positioned
- DIVISIONS 600,000 PRODUCTS
- COUNTRIES
TAKKT AG is the leading omnichannel distributor for busi ness equipment in Europe and North America. The Group is represented in more than 20 countries with its divisions Industrial & Packaging, Office Furniture & Displays and FoodService. The product range of the subsidiaries com prises more than 600,000 products for the areas of plant and warehouse equipment, office furniture, transport pack aging, display articles and equipment for the food service industry, hotel market and retailers.
TAKKT Group | 7 |
About TAKKT › Our Vision
We are shaping the working worlds of tomorrow
Our worlds of work are undergoing a process of fundamental change. This development is being driven by megatrends such as increasing digitalization, automation and the use of artificial intelligence, mounting competition for labor, the ever-growing importance of sustainability and much more flexible forms of work in line with the New Work trend. We are helping our customers to shape the working worlds of tomorrow. Our organizational structure, with its three divisions, reflects this objective. Each division has a focused product portfolio that is primarily geared to a specific work environment.
In Industrial & Packaging, the work environment is the factory floor or warehouse in the manufacturing and logistics industries. Office Furniture & Displays specializes in products for service providers. This includes equipment for working at the office or from home. The FoodService area offers products required for meal and food preparation and presentation in hotels, restaurants and catering establishments. Together with our customers, we are creating attractive working environments for employees and customers alike, laying the foundation for shared success.
and | resources |
employees
about | our | customers, | |
Caring | |||
Our | |
target | customers |
... |
Industry
HoReCa
Industry
Service
+ Logistics
Manufacturer ...
Our | |
divisions | and |
Our | brands |
&
INDUSTRIAL PACKAGING
FOODSERVICE
OFFICE | & |
FURNITURE | |
DISPLAYS | |
PLATFORM | |
OPERATIONS | |
TECH | PLATFORM |
TAKKT Group | 8 |
About TAKKT › Our Worlds of Work
Our Worlds of Work
Industrial &
Packaging
Supply chain disruptions, increasing automation and the advance of digitalization are just some of the trends that are fueling lasting changes in the working environment in production and logistics.
Transport packaging no longer just needs to be functional and protect the products being transported. It is also used to get advertising messages across and is expected to meet
sustainable criteria. People, machinery and workpieces are networked with each other, and processes are becoming faster, more individual and more efficient. At the same time, requirements regarding documentation and occupational safety are becoming increasingly stringent. Our products and consulting services in the Industrial & Packaging division help prepare our customers for these new challenges.
TAKKT Group | 9 |
About TAKKT › Our Worlds of Work
Our Worlds of Work
Industrial &
Packaging
› 1,461 Employees
- 280,000 Products
› 7 Brands
The I&P division offers a focused product portfolio in Europe for the work environment on the factory floor and in the warehouse in the manufacturing or logistics industries. Typical customers include manufacturing facilities such as mechanical engineering companies or automotive suppliers, but also service and retail companies and public institutions.
The KAISER+KRAFT and ratioform sales brands have previously operated individually in the market. In 2023, the division's brand landscape was streamlined and unified with a relaunch of the kaiserkraft sales brand in order to expand the product range and strengthen
cross-selling. Under the new brand identity, kaiserkraft offers a wide range of products from the areas of operating, warehouse and office equipment as well as packaging products. This includes, for example, pallet lifting trucks, swivel chairs and special-purpose products such as environmental cabinets and containers for hazardous materials as well as collapsible boxes, package padding, shipping pallets and stretch film. The packaging specialist ratioform offers a product range that includes a wide variety of shipping packaging products. BiGDUG and OfficeFurnitureOnline offer a wide range of office furniture and business equipment in the UK, Gerdmans and Runelandhs in Scandinavia.
TAKKT Group | 10 |
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Disclaimer
TAKKT AG published this content on 27 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 April 2024 21:42:36 UTC.
