TAKKT AG Reports First Quarter Results Aligned with Expectations

TAKKT AG's financial performance for the first quarter of 2026 aligns with expectations amidst challenging conditions. The company reported a 10.3% decrease in sales compared to the previous year, driven partially by currency effects due to a weaker US dollar. Organic sales declined by 6.7%, with the discontinuation of the Foodservices bid contract business affecting growth rates by 1.3 percentage points.

The EBITDA margin was adjusted to 2.4%, down from 4.9% last year, mainly due to decreased sales. The National Business Furniture brand saw noticeable sales growth, offsetting other declines in the Office Furniture & Displays division, which experienced only a 2.1% decline.

TAKKT plans to counter rising product and transportation costs by passing them onto customers, while pursuing cost-reduction strategies. Despite these challenges, guidance remains steady with a focus on improving organic growth and profitability in the upcoming quarters.