Takkt Ag · XETR:TTK
Takkt — 9M 2025 Earnings Presentation
22 slides from Takkt's earnings presentation, Oct 28, 2025
Slide 1: Results of first nine months 2025
Results CapitalofMarkets first nine Update months 2025: 2025 [Strategy October Title to 28, be2025 discussed]
Slide 2: Overview 9M 2025
Overview 9M 2025 2 28.10.2025 Results of first nine months 2025
Slide 3: Continued execution of TAKKT Forward Strategy
Overview 9M 2025 Continued execution of TAKKT Forward Strategy Progressing with focus Priority on serving large Executing measures to I&P on core business: customers enables improve cost structures CEO taking over division positive Q3 growth with with streamlined I&P responsibility for I&P pre-defin
Slide 4: Growth & performance measures for long-term success
Overview 9M 2025 Growth & performance measures for long-term success Continuing commercial measures to foster growth while… Secured large project orders and preferred supplier agreements in I&P Achieved omnichannel push with strong performance of NBF summer catalog Continued path of strengthening po
Slide 5: Market environment remains uncertain and challenging
Overview 9M 2025 Market environment remains uncertain and challenging Europe US Expected GDP growth 2025: Expected GDP growth 2025: Eurozone: 1.3% 1.8% Germany: 0.3% Office furniture market: Manufacturing PMI: Limited demand from government customers, Values remain in contraction territory: healthca
Slide 6: Executive Summary Financials Q3
Overview 9M 2025 Executive Summary Financials Q3 SALES ADJUSTED EBITDA FREE CASH FLOW MARGIN Adjusted EBITDA margin Top line development at Positive FCF of at 4.3% (9.0%); -6.2% organic sales with EUR +7.6m (EUR 10.9m) impacted by lower top continued stabilization through continued line and gross pr
Slide 7: Financials
Financials 7 28.10.2025 Results of first nine months 2025
Slide 8: Q3 TAKKT Group
Financials Q3 TAKKT Group Sales (in €m) EBITDA development (in €m) 269.0 244.5 20.5 -9.7 -4.0 +3.4 10.5 +1.0 -0.7 Q3/24 Q3/25 EBITDA Sales Gross Personnel Marketing one-time EBITDA Q3/24 impact on profit costs and other effects Q3/25 gross profit margin costs Sales were 9.1% below prior year Gross p
Slide 9: 9M TAKKT Group
Financials 9M TAKKT Group Sales (in €m) EBITDA development (in €m) 798.4 736.3 50.4 -25.1 -8.7 +6.6 27.3 +5.1 -1.0 9M/24 9M/25 EBITDA Sales Gross Personnel Marketing one-time EBITDA 9M/24 impact on profit costs and other effects 9M/25 gross profit margin costs Sales were 7.8% below prior year Gross
Slide 10: Industrial & Packaging
Financials Industrial & Packaging Sales (in €m) EBITDA (in €m), margin (in %), adj. margin (in %) 15.6 Continued top line stabilization in 141.6 134.4 a challenging market environment 10.1 Lower gross profit margin due to 12.3% 11.0% more attractive pricing and 7.5% 7.4% increased freight costs Adju
Slide 11: Office Furniture & Displays
Financials Office Furniture & Displays Sales (in €m) EBITDA (in €m), margin (in %), adj. margin (in %) 5.3 D2G business with positive 59.8 52.6 organic sales growth in Q3 4.1 YTD top line with high single- 8.9% 9.3% digit decline at NBF and low 7.8% 7.8% single-digit decline at D2G Restrictive order
Slide 12: FoodService
Financials FoodService Sales (in €m) EBITDA (in €m), margin (in %), adj. margin (in %) 3.6 Negative top line development 67.5 in Q3, partly due to higher base 57.5 Gross profit margin down one percentage point YTD, impacted 5.3% 5.6% by freight effects and lower 0.5 vendor rebates 0.9% 0.9% Improved
Slide 13: Cash flow generation
Financials Cash flow generation Free cash flow development (in €m) Q3/24 Q3/25 9M/24 9M/25 Cash flow before change in net Cash flow before change in net working working capital impacted by lower 16.8 7.2 40.3 18.6 capital EBITDA Change in net working capital as well as 1.1 3.9 15.2 -5.4 other adjust
Slide 14: Balance sheet
Financials Balance sheet Net financial liabilities, of which lease liabilities (in €m) Equity ratio (in %) 153.5 59.1% 58.8% 138.7 54.2% 114.0 55.5 56.8 59.6 09/30/2024 12/31/2024 09/30/2025 09/30/2024 12/31/2024 09/30/2025 Net financial liabilities increased mainly due to Equity ratio towards upper
Slide 15: Outlook 2025
Outlook 2025 15 28.10.2025 Results of first nine months 2025
Slide 16: Outlook for key financials
Outlook 2025 Outlook for key financials Organic Adjusted Free cash flow sales EBITDA margin Towards the lower -8.0% to EUR 10 million to Guidance end of 4.0% to -4.0% EUR 20 million 6.0% range Economic uncertainty due to tariffs and US government shutdown KEY TAKE- Structural improvements of cost ba
Slide 17: Investment highlights
Outlook 2025 Investment highlights Portfolio focus Market leading Resilient EBITDA Clear Growing demand Attractive and on most attractive position with and cash strategic for sustainable reliable markets… repeat customers… generation… roadmap… solutions… dividends… ...with strong I&P1 ...offering gr
Slide 18: Q&A
Q&A 18 28.10.2025 Results of first nine months 2025
Slide 19: Appendix
Appendix 19 28.10.2025 Results of first nine months 2025
Slide 20: Organic sales growth
Appendix Organic sales growth Organic growth Q1/24 Q2/24 Q3/24 Q4/24 2024 Q1/25 Q2/25 Q3/25 TAKKT Group -16.5% -19.0% -14.1% -11.5% -15.4% -7.6% -5.7% -6.2% Industrial & Packaging -15.0% -15.4% -11.8% -9.4% -13.0% -5.7% -5.8% -5.0% Office Furniture & -16.7% -17.3% -20.1% -12.1% -16.9% -13.7% -11.6%
Slide 21: Structure of sales development
Appendix Structure of sales development Q1/25 Q2/25 Q3/25 TAKKT Group in EUR -6.5% -7.7% -9.1% Organic -7.6% -5.7% -6.2% Currency +1.4pp -1.4pp -2.5pp Acquisition / divestment -0.3pp -0.6pp -0.4pp Industrial & Packaging -5.3% -4.9% -5.1% Organic -5.7% -5.8% -5.0% Currency +0.4pp +0.9pp -0.1pp Acquis
Slide 22: TAKKT Investor Relations
Appendix TAKKT Investor Relations IR Contact Upcoming Events Benjamin Bühler Phone: +49 711 3465-8223 November 24, Eigenkapitalforum Frankfurt Fax: +49 711 3465-8100 e-mail: investor@takkt.de December 11, CIC Forum, virtual www.takkt.de February 24, Quarterly statement 4 / 2025 TAKKT AG is headquart