TAKKT AG Adjusts Strategy Amid Economic Challenges

TAKKT AG announced a streamlined approach to its Industrial & Packaging division while enhancing profit safeguarding measures. Despite a volatile market, TAKKT achieved slight stabilization in sales development. In Q2, the group observed a 5.7% decline in organic growth, primarily due to economic uncertainty and tariff disputes affecting demand.

Sales fell by 7.1% in H1 compared to the previous year, with currency effects remaining neutral. Measures included stopping imports from China, resuming larger scale orders post-reduction in US tariffs, and exploring more efficient structures like a shared service center in Hungary. The EBITDA margin is targeted to improve to between 4% and 6% by year-end, with a focus on cash flow enhancement.

Cost-cutting initiatives, including optimizing procurement and logistics operations, aim to deliver long-term savings of at least EUR 30 million annually. TAKKT expects a modest recovery in organic growth, focusing on optimizing cost structure and ensuring sustainable improvement in financial performance.