TAKKT Reports Improved Sales and Earnings in Third Quarter

TAKKT AG experienced a notable improvement in sales and earnings during the third quarter, despite challenging economic conditions. Organic growth increased from negative 19.0 percent in Q2 to negative 14.1 percent in Q3. The FoodService division showed significant progress, aided by resolving internal issues and processing long-term project orders.

The Industrial & Packaging sector also saw some recovery following the reactivation of the ratioform brand. However, challenges persist, particularly in the Office Furniture & Displays division, affected by brand positioning and supply disruptions.

TAKKT has introduced cost-cutting measures and reduced personnel expenses, leading to an improved adjusted EBITDA margin of 9.0 percent. Nevertheless, a tight market environment and continued internal challenges continue to exert pressure on performance.

In response, TAKKT is prioritizing customer needs, sales brand enhancement, and operational improvements, with a strategic plan expected in early 2025.