We are focusing our actions on the changing needs of customers in the digital age. As a competent and reliable partner, we want to become even faster and more flexible in the future.

The key to the successful implementation of a digitalization strategy is not just the use of new technology. The further development of the organization and the corporate culture is also a critical success factor. For this reason, we started changing our culture early.

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Empowering
employees

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Building
networked
organizations

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Promoting
interdisciplinary
collaboration

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Accelerating
implementation

Letter from the CEO

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For the past fiscal year, we expected a generally positive economic environment, but at the same time, we saw uncertainties in some markets. This expectation materialized to a large extent during the course of the year. Overall, the economy developed positively in 2018. As the year progressed, however, the growing political uncertainty soured the economic mood amid intensified US-China trade tensions and concerns about a disorderly Brexit. The economic indicators deteriorated significantly, especially as of the third quarter. TAKKT nevertheless achieved good growth and respectable earnings in the past financial year. After a difficult start to the year, we were able to return to growth in the subsequent quarters and come in at the upper end of our forecast with an organic sales increase of 3.4 percent. In addition, both of the acquisitions made in the year under review contributed to our growth. Higher freight costs and lower freight margins in 2018 were a negative factor on the earnings side, which we had not expected to this extent at the beginning of the year. At 12.7 percent, our EBITDA margin still came in just below the range of 13 to 14 percent projected at the beginning of the year.

Our Mission Statement

We are a portfolio of globally operating B2B direct marketing specialists for business equipment with the goal of becoming leaders in our markets through our portfolio companies. While the companies follow a business model that is, at its heart, similar, they each have a different focus in terms of their customer groups, product ranges and countries. All use the marketing media of print, online, telesales and field activities as part of an integrated multi-channel approach. Anchored by this successful business model, we thus position ourselves broadly throughout the Group. This enables us to diversify the risks of the individual markets in our portfolio. We enter new markets wherever we see positive prospects for success, either by founding new companies or through acquisitions.

The customer is the focus of our activities. Our portfolio is complemented by exemplary service in addition to our high-quality product preselection. Our portfolio companies have made it their goal to offer our customers the most efficient method for purchasing business equipment. We are continually adjusting our business model to suit changing customer needs for this reason. To achieve this, trends such as growing digitalization are identified and made tangible and usable for our customers and business partners.

Our actions are guided by our corporate values as well as our principles of sustainability. We actively contribute to protecting the environment and preventing climate change. We take responsibility for our products, in purchasing, marketing and logistics. We are also committed to the concerns of our employees and those in our social environment. We want to be the role model for sustainability in our industry by taking a targeted and systematic approach.

TAKKT segments

SELECTED KEY FIGUREs

1181.1

Sales in EUR million

150.1

EBITDA in EUR million

120.2

TAKKT cash flow in EUR million

11.6%

Organic e-commerce growth

SALES in EUR million

EARNINGS PER SHARE in EUR

EBITDA in EUR million

TAKKT CASH FLOW PER SHARE in EUR

TAKKT CASH FLOW in EUR million

DIVIDEND PER SHARE in EUR