DGAP-Adhoc: TAKKT AG: TAKKT adjusts outlook for 2013 / Phase-out of Topdeq operating business planned

TAKKT AG / Key word(s): Change in Forecast

18.10.2013 14:56

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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The business performance of the TAKKT Group in the third quarter developed
better than in the 2nd quarter, but weaker than expected. Reasons for this
are the ongoing weak business with the US federal government as well as a
slower recovery of the European economy than assumed. Organic, i.e.
adjusted for currency and acquisition effects, turnover increased by 0.1%
in the third quarter compared to previous year's period. At the same time,
the EBITDA margin amounted to 14.8% (15.2% in previous year's period). As a
result, TAKKT now expects an organic turnover growth of about -3% for the
financial year 2013. Including acquisition effects TAKKT will presumably
report a currency adjusted growth of about +3%.

Furthermore, the TAKKT management intends to phase-out the operating
business of Topdeq group due to their ongoing loss-making situation. Thus,
additional one-off costs in the amount of c.6 to 8m EUR are expected to
incur. Thereof, about two third of the costs will fall into 2013. The
cash-outflow for the phase-out is estimated to amount to c.1 to 2m EUR in
2013 and 2014 in total.

All in all, the TAKKT management expects an EBITDA margin including the
additional one-off costs of about 13% for financial year 2013, assuming
constant exchange rates until year end. The EBITDA margin will therefore
stay in the target corridor of 12 to 15%.

Additional comments regarding the business performance in the 3rd quarter
will be given by the TAKKT management in the planned conference call
regarding 3rd quarter results scheduled on October 31, 2013.

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Language: English
Company: TAKKT AG
Presselstr. 12
70191 Stuttgart
Germany
Phone: +49 (0)711 346 58 -0
Fax: +49 (0)711 346 58 - 10
E-mail: investor@takkt.de
Internet: www.takkt.de
ISIN: DE0007446007
WKN: 744600
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;
Freiverkehr in Berlin, Düsseldorf, München

End of Announcement DGAP News-Service

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