TAKKT AG Announces Impairment and Dividend Policy Revision

TAKKT AG has reported a non-cash impairment on goodwill of approximately EUR 125 million, primarily impacting its Cenbert, Displays2go, and National Business Furniture units. This adjustment results from challenging market conditions in the US due to ongoing tariff disputes. Although these are non-cash impairments, they will lead to significantly decreased earnings per share. Despite this, the company's equity ratio is expected to remain within the target range of 30 to 60 percent. The projections for sales, EBITDA, and cash flow for the current fiscal year remain unchanged.

In light of these developments, TAKKT's Management has decided to revise its dividend policy. Previously, the base dividend was EUR 0.60 per share. The new policy is anticipated to propose a payout amount below the analysts' consensus of EUR 0.35 per share. This revision will be finalized jointly by the Management and Supervisory Boards early next year.